Tag Archives: cash

40 Percent of Small Businesses Have Had Cash Flow Issues Within the Last Year

Small businesses have a tough time managing money and payments, a study has found. According to research conducted by WePay, an online payment service provider, 41 percent of businesses report having experienced cash flow challenges. Sixteen percent say they have experienced payment fraud — just in the last year. Small Businesses Cash Flow Issues and Payment Challenges Cash flow issues seem to have ... Read More »

State Bank of India (SBI) cleared on cash transaction charges: Rs 25 will be charged but only …

SPECIAL THINGS 25% charge per withdrawal on withdrawal of money from SBI Bank Big ATM Media reports that SBI would charge 25 rupees for all ATM transactions SBI Bank has given clearance in this regard. New Delhi: Country’s largest bank, State Bank of India (SBI) has made changes in the service charge of some cash transactions related to ATM withdrawals, ... Read More »

SBI New ATM, Cash Transactions Service Charges. All You Need To Know

India’s largest lender State Bank of India, revised service charges on various cash transactions for its customers, effective from June 1. Announced in a circular on the SBI website on Thursday morning, the revisions initially created confusion among customers over news that all cash withdrawals through ATM will now be charged at Rs. 25 per transaction. The bank later clarified ... Read More »

Banks are about to get a huge cash windfall thanks to Trump

Changes in banking regulations could result in a big windfall for the industry, much of which would make its way into investors’ pockets, according to a Goldman Sachs analysis. In a best-case scenario, slashed regulations would result in as much as $218 billion in excess capital which “could either be returned to shareholders or reinvested in the business,” Goldman said ... Read More »

Allianz plays down talk of big deals as hands cash to investors

Allianz (ALVG.DE) played down talk of it making a major acquisition any time soon as its chief executive Oliver Baete said on Friday the German insurer could grow without deals. The Munich-based group said it would return up to 3 billion euros (£3 billion) to shareholders, but made clear this did not exclude the possibility of it being involved in ... Read More »

Venezuela postpones bank note ban after chaos and cash shortages

Sudden pulling of 100-bolivar note from circulation leads to vast lines at banks, looting, protests and at least one death Venezuelan president Nicolas Maduro on Saturday suspended the elimination of the country’s largest denomination bill, which had sparked cash shortages and nationwide unrest, saying the measure would be postponed until early January. The surprise pulling of the 100-bolivar note from ... Read More »

Monte dei Paschi races to raise €5bn cash by end of year

Italy’s Monte dei Paschi bank has said it will try to raise €5bn (£4bn; $5.3bn) from investors by year end as it races to avoid a state rescue. In a statement, the world’s oldest bank said it would stick to the recovery plan it outlined on 25 October, which includes issuing new shares. The bank had sought a three-week extension ... Read More »

RBS to charge major financial institutions for holding their cash

Royal Bank of Scotland is to start charging major financial institutions for any cash it holds on their behalf for trading purposes, in the latest illustration of the impact of Mark Carney’s post-Brexit vote stimulus package. It is the first time a bank has started to make charges for sterling deposits since the governor of the Bank of England announced ... Read More »

RBS starts charging financial customers to park their cash

As Royal Bank of Scotland started charging some clients to hold their cash, its chairman has questioned the effectiveness of ultra-low interest rates and called for a rethink of monetary policy . From Monday, RBS will charge interest to about 70 customers, such as banks and pension funds, on the cash they place with the state-controlled bank as collateral for ... Read More »

Reserve Bank cuts cash rate by 0.25% to record low of 1.75%

The Reserve Bank of Australia has cut the cash rate by 0.25% to a record low of 1.75%, flagging concerns about the state of the economy on the same day the treasurer delivers the federal budget. The RBA governor, Glenn Stevens, said, “In Australia, the available information suggests that the economy is continuing to rebalance following the mining investment boom. ... Read More »