Banking News - Congoo

Chancellor Alistair Darling has hit out at 'kamikaze' bankers for damaging the British economy and said a shake-up to be unveiled next week would prevent a repeat. He has already indicated that next week's

all 8 news articles >>

Darling says banks to face tougher regulation - 3 Hours ago

LONDON (Reuters) - Chancellor Alistair Darling said 'kamikaze' bankers brought the financial system to the point of collapse and regulators would get new powers to probe banks' affairs. Writing in Sunday's

all 2 news articles >>

Bank Unions defer July 6 strike over merger of SBI associate - 2 Hours ago

New Delhi (PTI): Bank Unions have deferred their nation-wide strike called to protest the proposed merger of State Bank of Indore with State Bank of India following the advice of the Deputy Chief Labour

all 9 news articles >>

Boost aid to poor, Pope tells G8 ahead of summit - 10 Hours ago

VATICAN CITY (Reuters) - Group of Eight leaders meeting in Italy next week to discuss the state of the global economy should not forget about the world's poor, Pope Benedict said in a letter released

Polish shipyard sale still pending: Qatari investment bank - 5 Hours ago

Qatar's largest investment bank denied on Saturday that it had bought two Polish shipyards, explaining that it was acting as an advisor to a potential buyer in a deal that has still not been completed.

all 4 news articles >>

Vatican runs deficit amid crisis - 96 Minutes ago

The Vatican says it ran a deficit in 2008 as its finances and donations from across the world were hit by the global economic crisis. The Vatican posted a budget deficit for a second straight year, though

all 1 news articles >>

Canadians keep falling for Nigerian letter scam, experts say recession a factor - 3 Hours ago

TORONTO - Fraud artists are finding it easier amid a battered economy to entrap marks with dubious offers once easily dismissed as scams, and are snaring a growing number of victims to the tune of millions

all 1 news articles >>

Bank chief urges employers to give former drug addicts a job - 73 Minutes ago

One of the UK's most influential businessmen believes that companies must do more to employ former crack and heroin addicts - even in the jaws of a recession. In an article posted today on the Commentisfree

G8 or G20 â?? will it really make much difference to the world? - 69 Minutes ago

Is there any point to the continued existence of G8? As this week's summit looks increasingly irrelevant, should we care if the power shifts away to the G20? President Lula of Brazil has declared that

Legal uncertainty over bank project - 74 Minutes ago

Legal uncertainty could scupper any bid by a Nobel Peace Prize winner to set up a pioneering bank in Glasgow, it has been claimed. Professor Mohammad Yunus founded the concept of micro-credit to fund

Bangladeshi banking to help Scots - 54 Minutes ago

Millions of women in Bangladesh have benefited from Grameen Bank A radical form of banking pioneered in Bangladesh could be brought to Scotland to help people out of poverty. But legal uncertainty may

Online banking fails the second test - 54 Minutes ago

In answer to your question, Have online banking and billing made it easier to manage our money? (Cash, 28 June) one factor that seems to get little consideration is that if Revenue & Customs investigates

G8 summit venue shaken by tremors - 51 Minutes ago

Aftershocks have rocked the Italian town of L'Aquila, where the G8 summit is due to open this week. The tremors, which have reached 4.1 on the Richter scale, have forced the Italians to consider moving

Editorial: We are losing a chance to rebuild banking - 45 Minutes ago

Until the 1980s, banking and the financial services that surround it were seen as dull. Then came Big Bang, dismantling the regulations that had kept the City and Wall Street contained. Financiers could

Bank of England's Monetary Policy Committee considering expanding quantitative easing - 104 Minutes ago

The Bank of England's Monetary Policy Committee could expand its quantitative easing (QE) programme from 125bn to 150bn or more on Thursday as it weighs up the prospects for economic recovery at its July

all 2 news articles >>

Simon Glass in the frame for RBS finance director job - 104 Minutes ago

Simon Glass, a former banker at Standard Chartered and HSBC, has emerged as a possible candidate for the finance director's job at Royal Bank of Scotland (RBS). RBS hired Mr Glass three months ago as

West Bromwich Building Society investors consider legal action over change of benefits - 104 Minutes ago

A group of private investors in West Bromwich Building Society is considering legal action against the mutual for changing the terms of their benefits as part of its rescue restructuring last month. West

UK Financial Investments warns there will be no quick sale of RBS and Lloyds shares - 103 Minutes ago

The body which manages the taxpayer's stakes in British banks will warn this week against any expectations of a quick-fire disposal of the shareholdings, The Sunday Telegraph has learnt. UKFI holds 70pc

Banks' Bogus Bonuses - 83 Minutes ago

Suddenly, big bucks are back on Wall Street. Analysts believe that bank bonuses will hit new records this year, with Goldman Sachs (GS) shelling out $20 billion and Morgan Stanley (MS) due for $10 billion

EPFO recommends 8.5 per cent interest rate - 2 Hours ago

NEW DELHI: The Employees Provident Fund Organisation (EPFO) on Saturday recommended an 8.5 per cent interest rate for 2009-10 to benefit about 4.5 crore Provident Fund subscribers ahead of the presentation

all 2 news articles >>