Tag archive for ‘Bank’
By subhadip On Monday, February 13th, 2017
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The Co-op Bank puts itself up for sale

The Co-op Bank says it is putting itself up for sale and is inviting offers to buy all of its shares. The bank, 20% owned by the Co-operative Group, almost collapsed in 2013, and was bailed out by US hedge funds. The More...

By subhadip On Monday, February 13th, 2017
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For sale: Co-op Bank looks for buyers

The Co-operative Bank has put itself up for sale – four years after it nearly collapsed and had to be bailed out by US hedge funds. Amid persistent speculation over its long-term future, the bank said its board More...

By subhadip On Monday, February 6th, 2017
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Made in London no more: will property speculation kill industry in the capital?

Beefeaters’ red uniforms, Ford motor engines, Truman’s beer, Brompton bikes – they all share the proud hallmark of being made in London. But for how much longer? The capital is cannibalising its industry, More...

By subhadip On Monday, February 6th, 2017
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Draghi backs bank rules as Trump seeks deregulation

The president of the European Central Bank (ECB) says a relaxation of banking rules is the “last thing we need” as Donald Trump takes aim at post-crisis regulation in the US. Mario Draghi made his comments More...

By subhadip On Friday, February 3rd, 2017
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Deutsche Bank pulls out of coal projects to meet Paris climate pledge

Deutsche Bank, the biggest bank in Germany, has said it will stop financing coal projects as part of its commitments under the Paris agreement to tackle global warming. “Deutsche Bank and its subsidiaries will More...

By subhadip On Thursday, January 19th, 2017
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India: agencies predict 30% drop in students going to Aus due to bank back up

Implementation of the new policy and introducing new ₹500 and ₹2,000 bank notes into circulation has put a strain on banks resulting in delays in processing education bank loans for overseas study. The backlog More...

By subhadip On Wednesday, January 18th, 2017
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Former Co-op Bank chair Paul Flowers dismissed from church over drugs

Paul Flowers, the former chairman of the Co-operative Bank, has been dismissed as a minister by the Methodist church after he was convicted of possessing cocaine, crystal meth and ketamine in 2014. In a statement, More...

By subhadip On Monday, January 9th, 2017
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Blackrock becomes biggest Lloyds bank shareholder

The major US investment firm Blackrock has become the biggest shareholder in Lloyds Banking Group, usurping the government, which is selling down its stake in the bailed-out bank. Blackrock, which describes itself More...

By subhadip On Thursday, January 5th, 2017
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Deutsche Bank to pay $95 million to end U.S. tax fraud case

Deutsche Bank AG (DBKGn.DE) agreed to pay $95 million to resolve a U.S. government lawsuit accusing the German bank of tax fraud for using “insolvent” shell companies to hide significant tax liabilities More...

By subhadip On Monday, December 5th, 2016
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Hammond and Davis meet bank chiefs to talk Brexit ‘opportunities’

Banking leaders from Goldman Sachs and HSBC were among those who met the chancellor and the Brexit secretary to discuss how to keep financial services in the UK after leaving the European Union. Philip Hammond More...