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Mounting PSB losses may hamper India"s economy; recap may not ease pain

Thirteen state banks have reported combined losses of $8.6 billion for the year to March, and their non-performing loans have surged nearly a fifth from end-December levels.....»»

Category: topSource: business-standard4 hr. 31 min. ago

Trump eager to sign bill rolling back Dodd-Frank regulations

Congress moved to dismantle a chunk of the rules framework for banks, installed to prevent a recurrence of the 2008 financial crisis that brought millions of lost jobs and foreclosed homes......»»

Category: topSource: foxnewsMay 23rd, 2018

Congress moves to dismantle key post-crisis bank rules

Congress is hurtling toward dismantling a chunk of the rules framework for banks installed to prevent a recurrence of the 2008 financial crisis that brought millions of lost jobs and foreclosed homes......»»

Category: topSource: foxnewsMay 22nd, 2018

Congress nears dismantling of post-crisis bank rules

Congress is hurtling toward dismantling a chunk of the rules framework for banks installed to prevent a recurrence of the 2008 financial crisis that brought millions of lost jobs and foreclosed homes......»»

Category: topSource: foxnewsMay 22nd, 2018

Govt expects banks to get back over Rs 1 trn with resolution of 12 big NPAs

PNB in a statement said the bank had the second highest exposure to Bhushan Steel and will benefit greatly from this acquisition.....»»

Category: topSource: business-standardMay 20th, 2018

Insolvency resolution: Binani"s operational creditors move Supreme Court

Under the current framework of IBC, operational creditors are not a part of the Committee of Creditors and do not enjoy voting rights.....»»

Category: topSource: business-standardApr 10th, 2018

Amid economic slowdown, world"s most profitable banks can be found in India

Indian private-sector banks are also among the most richly valued.....»»

Category: topSource: business-standard2 hr. 45 min. ago

MCX rallies 8% on merger talks with NSE

The stock rallied 8% to Rs 775 after the media report suggested that the company has entered into merger talks with the NSE ahead of the implementation of the universal exchange framework in October......»»

Category: topSource: business-standard4 hr. 31 min. ago

Jobs in Buffalo: Administrative assistants

Our daily employment roundup for the Buffalo area focuses on administrative assistants, with information on job levels, pay rates, educational requirements and future prospects......»»

Category: topSource: bizjournals4 hr. 46 min. ago

Banks’ foray into small-dollar loans adds pressure on payday-lending industry

Banks' entry into small-dollar loan space could bring interest rates down and squeeze payday lenders. Payday lenders are about to face a barrage of competition from the big banks. The OCC earlier this week gave banks the green light to enter the sho.....»»

Category: blogSource: Tradestreaming5 hr. 30 min. ago

Canadian Banks See Mortgage Growth Stall As Interest Rates Rise

As anybody who was around for the housing collapse will remember, nothing bursts a bubble in home prices faster than rising mortgage rates. And while US home.....»»

Category: blogSource: zerohedge7 hr. 30 min. ago

New payroll data should end debate on jobless growth: NITI Aayog V-C

Corporate governance in public sector banks requires more attention, said Rajiv Kumar.....»»

Category: topSource: business-standard7 hr. 31 min. ago

Another major Mexican company is shutting down some of its operations amid record levels of violence

REUTERS/Jose Luis Gonzalez Viole.....»»

Category: topSource: businessinsider8 hr. 45 min. ago

Centene Banks on Investments and Acquisitions for Growth

Centene???s (CNC) numerous acquisitions and investments poise it well for inorganic growth. Centene Corp. CNC, a health insurer, primarily dealing with government insurance products such as Med.....»»

Category: smallbizSource: nyt11 hr. 45 min. ago

This is how banks can use digital tools to stay ahead of a trillion-dollar opportunity in the bill pay market

This is a preview of a research report from.....»»

Category: topSource: businessinsider13 hr. 1 min. ago

Medill News Service: Shortage of IT talent poses risks to big U.S. banks, finance firms

American financial institutions face a greater threat from cyberattacks because of a shortage of high-tech professionals and poor coordination between the government and private sector on how to deter hackers, executives say......»»

Category: topSource: marketwatch13 hr. 31 min. ago

Market Extra: Retail investors trim stock exposure amid market volatility, while hedge funds remain highly leveraged

U.S. stocks are not far from record levels, but the resurgence of volatility in 2018 — along with indexes that have been stubbornly range-bound for months — have pushed investors to cut their holdings to assets seen as riskier......»»

Category: topSource: marketwatch13 hr. 31 min. ago

Big banks get green light to make small short-term loans

Consumers may be able to access a more affordable alternative to payday loans through national banks following the green light from one key regulator......»»

Category: topSource: moneycentral13 hr. 46 min. ago

Big banks get green light to make small short-term loans

Consumers may be able to access a more affordable alternative to payday loans through national banks following the green light from one key regulator......»»

Category: topSource: moneycentral13 hr. 46 min. ago

Why 5 banks in Greater Philadelphia will benefit from change in "too big to fail" designation

They will no longer be subject to annual stress tests and certain other regulatory obligations......»»

Category: topSource: bizjournals14 hr. 1 min. ago