Banking industry
The Reserve Bank of India has imposed penalties on 19 lenders, including State Bank of India, ICICI Bank, Citibank, and Axis Bank, for violating currency derivatives norms. The central bank discovered that these banks sold derivative products to companies that did not understand them, contravening various instructions issued by the
Banking industry
US Financial 15 Split Corp. has declared a regular monthly distribution of $0.04375 for each Preferred share, totaling $0.525 annually. The dividend is payable on May 10, 2011, to Preferred shareholders on record as at April 29, 2011. The company invests in a high-quality portfolio of 15 U.
Banking industry
The devastating tornadoes that swept across the Southern and Eastern United States have left a trail of destruction and loss of life, with North Carolina being the most affected state. Bank of America has joined the relief efforts by announcing a $500,000 commitment to the American Red Cross to
Banking industry
Vale, a leading multinational mining company, has secured a significant financial boost with the signing of a five-year revolving credit line facility worth $3 billion. The facility was arranged by a syndicate of 27 global commercial banks, led by Credit Agricole, JPMorgan, Mizuho, and Natixis. This revolving credit line will
Banking industry
Bakken oil shale formation in North Dakota and Montana is experiencing a surge in oil production, with estimates suggesting it could produce up to a million barrels of oil per day by 2020. Oil production in the region has increased significantly, from 3,000 barrels per day in 2005 to
Banking industry
Richard Branson, the 60-year-old billionaire founder of Virgin Atlantic, is contemplating the sale of another stake in the airline he founded nearly 27 years ago. Branson believes the business may benefit from a strategic alliance or a new, mega-rich investor, following British Airways' merger with Iberia and its tie-up
Banking industry
Rainforest Action Network (RAN) and the Sierra Club released a report card ranking ten of the world's largest banks on their financing of mountaintop removal coal mining projects. The report found that since 2010, PNC, Citi, and UBS have been the top three financiers of the destructive mining
Banking industry
As Central Bank and State Bank of Bikaner prepare for their respective rights issues, expert Ganesh Shanbhag shares valuable insights on the opportunities and potential benefits for investors. In an exclusive interview with ET Now, he outlines the reasons why he believes investors should subscribe to the rights issue of
Banking industry
The New York Stock Exchange (NYSE) has listed the most active companies for the day, with Citigroup Inc. leading the pack. The top 20 most active companies have seen significant trading volume, with some experiencing gains and losses. The list includes companies from various industries, such as finance, technology, and
Banking industry
Vodafone has become the top UK company in the Brand Finance Global 500 report, increasing in value by nearly 6% from 2010. As the world's most valuable telecoms brand, Vodafone is worth approximately £19 billion, ranking fifth in the global index. This achievement marks the first time a
Banking industry
The New York Stock Exchange (NYSE) has released a list of the most active companies, showcasing the companies with the highest trading volume and significant price movements. The list includes companies from various sectors such as finance, technology, and energy. The companies listed have shown significant changes in their stock
Banking industry
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