Tag Archives: bank

06Mar/16

A bank that accepts prayers, not money, in northern India

A large number of devotees visit the unique ‘Om Namah Shivay’ bank in India’s northern temple town of Varanasi and “deposit” their prayers to Hindu god Shiva ahead of ‘Mahashivratri’ festival.

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20Oct/15

Deutsche’s $6bln ‘fat finger’ episode

(BVO) – It was the right client but the wrong amount.

Known as a ‘fat finger’ episode, a junior trader at Deutsche Bank wired $6 billion to a US hedge fund, according to the UK’s FT newspaper.
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07Jun/15

Deutsche Bank makes John Cryan CEO

John Cryan, former UBS Chief Financial Officer and on Deutsche Bank’s supervisory board, has been appointed the latter’s new Chief Executive Officer, as the bank tries to clean up its image.
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26May/15

Alleged Libor ringleader goes on trial in London

Former trader Tom Hayes, on trial for allegedly conspiring to rig benchmark interest rates, has admitted to being motivated by greed and was fired by U.S. bank Citigroup in 2010, prosecutors tell a London court.

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01Apr/15

U.S. still cold on China-led infrastructure bank

(BVO) – Growing competition for political influence in Asia, as the U.S. pivot to the region hits a hiccup.

A long list of countries ranging from Denmark to Australia signing up to join the China-led Asian Infrastructure Investment Bank – leaving the U.S. and key ally Japan out in the cold.
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02Mar/15

Visa and Airtel Extend Mobile Payments to Seven African Countries

BARCELONA, Spain–(BUSINESS WIRE)–Visa Inc. (NYSE:V) and Bharti Airtel, a leading telecommunications services provider with operations in 20 countries across Asia and Africa, today announced a partnership to bring innovative mobile payment services to seven markets in Africa including Gabon, Ghana, Kenya, Madagascar, Rwanda, Seychelles and Tanzania.
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23Feb/15

How many times can HSBC say sorry?

(BVO) – Can it get any worse for HSBC? On this evidence probably not.

Europe’s biggest bank reporting a 17 percent drop in annual profit as a tax evasion scandal at its private banking business in Switzerland continues to deepen.
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10Feb/15

Spain’s Podemos party says Falciani, source of HSBC leaks, to advise it

The leader of Spanish anti-austerity party Podemos (We Can) confirms that Herve Falciani, the so-called HSBC whistle-blower, will help his party with its election programme by producing a tax fraud report for the Spanish party.

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