Thursday, November 21

Tag: banking

RBI rejects Tamilnad Mercantile Bank’s proposal for CEO candidate | Company News
12Apr By adminNo Comments
Business

RBI rejects Tamilnad Mercantile Bank’s proposal for CEO candidate | Company News

2 min read Last Updated : Apr 13 2024 | 12:46 AM IST The Reserve Bank of India has rejected the names of the candidates proposed by Tamilnad Mercantile Bank (TMB) for the position of managing director (MD) and chief executive officer (CEO). “We would like to inform you that we have received communication from the Reserve Bank of India that the candidates proposed by the Bank for the appointment of MD & CEO were not found suitable,” the lender informed the exchanges. S Krishnan — the current MD & CEO of the Tuticorin-based lender — resigned in September 2023 citing personal reasons but was asked to continue until a new CEO is appointed. This was because Krishnan was the only whole-time director on the board of the bank. The TMB board accepted the res...
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HDFC Bank opens branch in Kavaratti island, 1st private lender to do so | Company News
10Apr By adminNo Comments
Business

HDFC Bank opens branch in Kavaratti island, 1st private lender to do so | Company News

HDFC Bank | Image credits: Bloomberg Largest private sector lender HDFC Bank on Wednesday inaugurated a branch in Lakshadweep's Kavaratti island. The bank becomes the first private sector lender to have a presence in Lakshadweep, according to a statement. The bank seeks to serve customers wherever they are and looks forward to serving the financial needs of individuals, families, and businesses in Lakshadweep, the bank's retail branch banking group head S Sampathkumar said. The branch was inaugurated by Captain Lovekesh Thakur, Commanding Officer, Indian Navy and K P Muthukoya, a well-known resident, in the presence of bank officials, the statement said.(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest ...
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Savings Calculator | U.S. News
2Apr By adminNo Comments
Money

Savings Calculator | U.S. News

With patience and consistency, you can build up your savings for whatever purpose you need. U.S. News can help by showing you how your savings can grow. Our savings calculator illustrates how much money you will have going forward depending on your initial deposit, contributions, interest rate and time to grow – no math required.How to Use Our Savings CalculatorInitial Deposit: The first deposit you make when opening a savings account. Some savings accounts require a minimum amount, but your first deposit can be larger.Contribution: How much and how often – whether that be monthly, quarterly or annually – you make contributions to your account. This calculator assumes that you make your contributions at the beginning of each period.Time To Grow: The number of years and months you plan to ...
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When you buy a Washington lottery ticket, where does the money go? | News
30Dec By adminNo Comments
Money

When you buy a Washington lottery ticket, where does the money go? | News

State AlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDelawareFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWashington D.C.West VirginiaWisconsinWyomingPuerto RicoUS Virgin IslandsArmed Forces AmericasArmed Forces PacificArmed Forces EuropeNorthern Mariana IslandsMarshall IslandsAmerican SamoaFederated States of MicronesiaGuamPalauAlberta, CanadaBritish Columbia, CanadaManitoba, Ca...
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Sam Bankman-Fried Won’t Face a Second Criminal Trial
30Dec By adminNo Comments
World

Sam Bankman-Fried Won’t Face a Second Criminal Trial

Federal prosecutors said Friday that they wouldn’t try Sam Bankman-Fried on additional criminal charges that weren’t part of the fall trial that resulted in the FTX founder’s conviction for fraud related to the collapse of his crypto exchange.The move, announced in a letter to the presiding judge, clears the way for the FTX founder to be sentenced on March 28. A second trial would have delayed that sentencing, and Bankman-Fried already faces the possibility of decades in prison.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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2024 Could Be the Year of the Yen
29Dec By adminNo Comments
Money

2024 Could Be the Year of the Yen

The Japanese yen has been one of the worst performing currencies of the past couple of years. It could do better in 2024.The yen has lost around 20% against the dollar since the end of 2021, underperforming other major currencies. Japan’s central bank kept its ultralow interest rates while most of its peers have been raising rates aggressively. Higher yields outside of Japan have driven the currency lower and lower.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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What Did Wall Street Get Right About Markets This Year? Not Much
29Dec By adminNo Comments
Money

What Did Wall Street Get Right About Markets This Year? Not Much

Updated Dec. 29, 2023 12:07 am ETAlmost no one thought 2023 would be a blockbuster year for stocks. They could hardly have been more wrong. The Federal Reserve raised interest rates at the fastest clip since the 1980s, a regional banking crisis felled Silicon Valley Bank, and war broke out in the Middle East. Yet stocks kept climbing. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Singapore Fines Credit Suisse for Bankers’ Misconduct
28Dec By adminNo Comments
Money

Singapore Fines Credit Suisse for Bankers’ Misconduct

Dec. 28, 2023 12:08 am ETSingapore imposed a penalty of 3.9 million Singapore dollars (US$3.0 million) on Credit Suisse for failing to prevent or detect misconduct by its relationship managers.Credit Suisse bankers in Singapore had provided customers with inaccurate or incomplete post-trade disclosures, which led to clients being charged spreads above bilaterally agreed rates for 39 over-the-counter bond transactions, the Monetary Authority of Singapore said in a statement on Thursday.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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