Scandal Hit Bank
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RBI Chief Questioned By MPs On Supervision Fail In Nirav Modi Scandal
Facing tough questions from parliamentarians on the Nirav Modi scam and bad loans hitting state-run lenders, RBI Governor Urjit Patel said today that the regulator had limited powers to act against public sector banks like Punjab National Bank (PNB).
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HSBC annual net profit falls 16.5 per cent to $14.03 billion
HSBC bank said today that the net profits sank 16.5 per cent to $14.03 billion in 2012, hit by US money-laundering fines, mis-selling scandals, rising taxation and a huge accounting charge.
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Trade union strike could cost economy Rs 20,000 crore
A two-day strike called by all major trade unions began today, hitting banking and public transport services, even as the government prepares to present an austerity budget to Parliament and weather a corruption scandal in a big arms deal.
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Timeline: RBS fined $612 million over Libor rigging
Britain's Royal Bank of Scotland will pay U.S. and British authorities $612 million and plead guilty to wire fraud in Japan to settle allegations it manipulated global benchmark interest rates. RBS grew from a Scottish bank to become one of the world's largest after a series of takeovers, including the purchase of NatWest in 2000, but it was s...
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Barclays takes another £1 billion hit for mis-selling
UK banks are embroiled in two separate mis-selling scandals, and Barclays said on Tuesday it had made an extra provision of 600 million pounds to compensate customers for payment protection insurance.
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RBI Chief Questioned By MPs On Supervision Fail In Nirav Modi Scandal
Facing tough questions from parliamentarians on the Nirav Modi scam and bad loans hitting state-run lenders, RBI Governor Urjit Patel said today that the regulator had limited powers to act against public sector banks like Punjab National Bank (PNB).
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HSBC annual net profit falls 16.5 per cent to $14.03 billion
HSBC bank said today that the net profits sank 16.5 per cent to $14.03 billion in 2012, hit by US money-laundering fines, mis-selling scandals, rising taxation and a huge accounting charge.
-
Trade union strike could cost economy Rs 20,000 crore
A two-day strike called by all major trade unions began today, hitting banking and public transport services, even as the government prepares to present an austerity budget to Parliament and weather a corruption scandal in a big arms deal.
-
Timeline: RBS fined $612 million over Libor rigging
Britain's Royal Bank of Scotland will pay U.S. and British authorities $612 million and plead guilty to wire fraud in Japan to settle allegations it manipulated global benchmark interest rates. RBS grew from a Scottish bank to become one of the world's largest after a series of takeovers, including the purchase of NatWest in 2000, but it was s...
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Barclays takes another £1 billion hit for mis-selling
UK banks are embroiled in two separate mis-selling scandals, and Barclays said on Tuesday it had made an extra provision of 600 million pounds to compensate customers for payment protection insurance.
