Tag archive for ‘banks’
By Loknath Das On Saturday, April 8th, 2017

Banks likely to slash interest rate on savings accounts and deposits this fiscal

It’s raining bad news for small savers and depositors as interest rates on savings and bank deposits are set to trend lower in the new fiscal. The government has announced lowering of interest rates on financial More...

By subhadip On Monday, February 13th, 2017

Oil has strengthened, but Singapore banks not out of the woods yet

Stronger global oil prices have yet to benefit the offshore marine sector, whose continued troubles are expected to dominate the narrative this week when Singapore’s three largest banks release their earnings More...

By subhadip On Friday, February 3rd, 2017

Banks’ duty to provide free ATMs and keep branches open

I note the current negotiations over the future of the ATM network (Fees row may lead to charge for Link cash machine withdrawals, 19 January). In 2005, I led a Treasury committee inquiry into cash machine charges More...

By subhadip On Thursday, January 19th, 2017

Blockchain can help investment banks save $8bn per year, Accenture says

Accenture and operations benchmarking consultancy firm McLagan evaluate the applications of distributed ledger technology (DLT) in investment banking operations in the “Banking on Blockchain” report. For the More...

By subhadip On Monday, January 9th, 2017

Brexit: banks consider whether to start moving business out of UK

Brexit could have an impact on the City in the coming months as banks decide whether to implement contingency plans to ensure they retain access to the remaining 27 EU member states by moving business out of the More...

By subhadip On Monday, January 9th, 2017

Banks, oil stocks weigh on Wall St., keep Dow from 20,000

The Dow Jones Industrial Average declined on Monday, retreating from the historic 20,000 mark, weighed down by banks and energy companies, while a gain in technology stocks kept the Nasdaq afloat. Of its 30 components, More...

By subhadip On Monday, December 12th, 2016

IT spending by banks, securities companies to hit $7.8 bn

IT spending by banking and securities firms in India is estimated to touch USD 7.8 billion in 2017, an 8.6 per cent jump from 2016, technology research firm Gartner on Thursday said. “The banking and securities More...

By subhadip On Thursday, December 1st, 2016

RBS’s past sins are still shaping the bank’s future

ight years after the banking crisis, Royal Bank of Scotland (RBS) has failedits annual health check. If this were a medical before getting life insurance, it would be like a doctor telling the patient to get fit; More...

By subhadip On Friday, November 11th, 2016

Brexit leaves London-based banks facing ‘nightmarish’ choices

Global banking businesses will face nightmarish decisions if the UK loses its access to euro-clearing trading as part of the Brexit negotiations, the Japanese ambassador to the UK has warned. Koji Tsuruoaka said More...

By subhadip On Tuesday, October 25th, 2016

PPI and Brexit to loom large when high street banks report results

Further charges for the payment protection insurance mis-selling scandal and details of the impact of Brexit will be in the sights of investors when the high street banks report their third-quarter results this More...