Tag Archives: bank

Africa A Top Priority For India, Says PM Narendra Modi At African Development Bank Meet

PM Narendra Modi said India was working with US and Japan to support development in Africa. GANDHINAGAR: Prime Minister Narendra Modi on Tuesday said that Africa was a top priority for his government’s foreign and economic policy and pitched for an Asia-Africa Growth Corridor with the support of Japan. PM Modi, who officially inaugurated the 52nd Annual Meetings of the ... Read More »

What the Heck is Happening at Your Bank These Days?

If you’re like many Americans, you may be making fewer trips to the bank and instead taking care of check deposits with a mobile app or tracking account balances with a few mouse clicks. Digital banking is undeniably gaining ground over the old brick-and-mortar process. But about 84 percent (PDF) of banking customers still visit branches at least occasionally, according ... Read More »

Bank of America Reports Earnings Drop in Q1, Stock Dips

Bank of America has announced its first-quarter results and the outcome is not very positive. The multinational banking corporation has reported a 13 percent decline in first-quarter profit. On a positive note though loan growth and expense cuts have prompted investors to be hopeful about the future. “It wasn’t a great quarter, but it was a normal quarter,” Nancy Bush, ... Read More »

This Caribbean Bank Wants Chinese Money No One Else Will Touch

The global campaign against money laundering combined with the Panama Papers made the Caribbean islands of sun, sand and offshore banking a near no-go zone for the world’s biggest banks. So the British Virgin Islands has a solution: a bank to service offshore companies, many of them from China, locked out of the global banking system by HSBC Holdings Plc, ... Read More »

U.S. Bank and Sage Announce AP Optimizer to Streamline Invoice Payments

U.S. Bank (NYSE:USB) and Sage (LON:SGE) announced this week at Sage Summit 2016 in Chicago a new partnership that will benefit Sage customers in the U.S. and Canada. The partnership centers around the introduction of AP Optimizer, an application built by U.S. Bank that lives inside the Sage Live accounting platform. Its purpose, according to Bradley Matthews, head of Middle Market ... Read More »

Climate activists shut down Chase Bank branches in Seattle; arrests made

Thirteen Chase bank branches in Seattle saw business disrupted by activists in an effort to stop loans to tar-sands oil-pipeline projects. Police report they have made arrests. Climate activists disrupted business at 13 branches of JPMorgan Chase bank in Seattle on Monday in an effort to stop loans to tar-sands oil-pipeline projects. By late afternoon police had made 26 arrests ... Read More »

SBI Savings Bank Account: How To Avoid Fine Under Minimum Balance Rules

Do you have an SBI account? SBI or State Bank of India savings bank account customers are required to maintain a monthly average balance. Failure to maintain an average balance as prescribed by India’s largest bank SBI will attract a penalty, which varies depending upon where the customer holds the account. State Bank of India (SBI) has divided the penalty ... Read More »

When is the next bank holiday in 2017? All the public holidays and long weekends coming up in the UK

THERE’S nothing like a three-day weekend boost the mood, and there are still a few bank holidays on the horizon. Whether you’re planning a long weekend away or just craving an extra lie-in – here’s the lowdown on the rest of 2017’s bank holidays. GETTY IMAGES 2 If a bank holiday falls on a weekend, it will normally be shifted to the ... Read More »

Public sector bank merger healthy for banking system RBIs Urjit Patel

New York: RBI governor Urjit Patel has said the Indian banking system could be better off if some public sector banks are consolidated to have fewer but healthier entities, as it would help in dealing with the problem of stressed assets. “As many have pointed out, it is not clear that we need so many public sector banks. The system ... Read More »

Yes Bank shares fall nearly 4% on rising bad loan provisions

The fall in Yes Bank shares on Thursday was the maximum in five months. Photo: Bloomberg Mumbai: Shares of Yes Bank Ltd on Thursday fell as much as 6.5%, its steepest fall in five months, after the company reported a sharp rise in its bad loan provisions, following Reserve bank of India’s new asset quality rules and exposure to Jaiprakash ... Read More »