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RBI probes banking gaints on money laundering charges

A shocking revelation that banking giants HSBC and Standard Chartered are suspected to have laundered money for drug cartels has prompted an in-depth inquiry by Indian investigation agencies. The......

Can the new India CEO Zarin Daruwala lift fortunes of StanChart?

A veteran of 26 years with ICICI Bank, 50-year-old Daruwala resigned on November 17. As India CEO of Standard Chartered, Daruwala will report to Ajay Kanwal, regional CEO, Asean & South Asia. When......

Why Deutsche Bank's little jewel in India was spared the axe

Deutsche Bank in India has managed to avoid the bad-loan problems plaguing its rivals such as Standard Chartered Plc. Image: Anshu Jain had to resign after criticism from investors. Photograph:......

StanChart to axe 15,000 jobs, raise $5.1 billion in turnaround plan

This is part of an 'aggressive and decisive set of action' to shore up the company.  Standard Chartered said it would axe 15,000 jobs and raise $5.1 billion by selling new shares as its new......

StanChart CEO plans to cut about 1,000 top staff

Disposals also likely, clients to be cut - CEO memo to staff Standard Chartered's new Chief Executive Bill Winters plans to cut up to a quarter of the bank's most senior staff to reduce costs,......

Standard Chartered cuts base rate by 0.25%

British lender Standard Chartered on Monday cut its base rate or minimum rate of lending by 0.25 per cent to 9.50 per cent, joining a large number of rivals who have slashed rates after the RBI's......

StanChart extends $30 Million/Year Liverpool sponsorship

Asia-focused bank Standard Chartered has extended its sponsorship of Liverpool Football Club for two years, continuing one of the most lucrative deals in English sport. Standard Chartered, which is......

Cricket South Africa to honour Tendulkar

Cricket South Africa (CSA) will honour Indian cricket legend, Sachin Tendulkar, at the historic Standard Bank International Pro20 match at the Moses Mabhida stadium in Durban on January 9,......

'Weather would be a worry'

The Standard Chartered Mumbai Marathon 2006 received a tremendous boost when celebrities from various walks of life got together at the Hotel Hilton Towers in Mumbai on Tuesday to promote Asia's......
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Fears Over New Financial Crisis Haunt Markets

Global stocks were gripped by a fresh bout of panic selling yesterday (Monday), raising fears over the resilience of the world's banking system for... ...

http://www.newindianexpress.com/business/news/Fears-Over-New-Financial-Crisis-Haunt-Markets/2016/02/09/article3268488.ece
Govt said to tap $12 billion of state firms cash with buyback

The boards of Coal India, MOIL, NMDC, NALCO, IREDA are among those that will have to decide on valuations New Delhi: India's government has asked... ...

http://www.livemint.com/Politics/V7UjgEsurKXDGZRrlnVy0M/India-said-to-tap-12-billion-of-state-firms-cash-with-buyb.html
Yellen to balance confidence with caution in testimony

Janet Yellen is preparing to walk a tightrope. When the Federal Reserve chair addresses lawmakers this week in Washington, she will have to... ...

http://smartinvestor.business-standard.com/market/Marketnews-365130-Marketnewsdet-Yellen_to_balance_confidence_with_caution_in_testimony.htm
Govt to take buyback route to tap Rs 78k cr of public sector firms' cash

The government has asked state-run companies to buy back shares, people with knowledge of the matter said, as Prime Minister Narendra Modi looks to... ...

http://smartinvestor.business-standard.com/market/Marketnews-365145-Marketnewsdet-Govt_to_take_buyback_route_to_tap_Rs_78k_cr_of_public_sector_firms_cash.htm
Arik Air introduces new payment platform in Accra

Arik Air, West and Central Africa's largest airline, has introduced new payment platform for customers in Accra, Ghana. This is aimed at... ...

http://www.travelandtourworld.com/news/article/arik-air-introduces-new-payment-platform-in-accra/

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