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Barclays CEO resigns on interest rate scam

Barclays Plcon Tuesdaysaid its chief executive officer Bob Diamond has resigned with immediate effect after increasing pressure to step down following global interest rate manipulation scandal.The......

RBI panel wants retail inflation as new policy benchmark

The Urjit Patel committee on monetary policy framework has proposed setting up of a monetary policy committee (MPC) that will be headed by the Reserve Bank of India (RBI) governor and accountable......

Dell nears buyout, deal may happen on Monday

Dell Inc is nearing an agreement to sell itself to a buyout consortium led by its founder and Chief Executive Michael Dell and private equity firm Silver Lake Partners, possibly announcing a deal......

Ex-Barclays CEO to forgo 20 mn pounds deferred bonuses

Barclays' former CEO Bob Diamond, who stepped down last week amid the interest rate rigging scandal, will forgo deferred bonuses worth 20 million pounds (about Rs 171 crore), the British lawmakers......

Special: Simplifying a complex financial saga

Lakshman Menonpeeks intoToo big to fail -- the inside story of how Wall Street and Washington fought to save the financial system and themselves -- written by award-winning business journalist,......

Srinivisan to represent BCCI at ICC meet

ICC Chairman Narayanswami Srinivasan,left, and ICC Chief Executive David Richardson at the ICC headquarters in Dubai. Photograph: Francois Nel/Getty Images/strong> Narayanaswami Srinivasan......

Sports Shorts: Ibra shows sensitive side after winning Gold Ball

Zlatan Ibrahimovic of Sweden reacts. Photograph: Jamie McDonald/Getty Images Zlatan Ibrahimovic has been named Sweden's footballer of the year for the ninth time and although his eighth victory in......

MCC not bidding for IPL team

The Marylebone Cricket Club (MCC) has decided not to bid for the new Indian Premier League (IPL) franchises that would be unveiledon Sunday in Mumbai. After initial interest, MCC has decided......

Asian sports confident of surviving money crisis

Asian sports bosses remain confident they can ride out the global financial crisis despite conceding the region is not immune and they will have to start tightening their belts.Leading officials......
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Deutsche Bank CEO to shy away from "big bang" reform at board summit

FRANKFURT John Cryan, Deutsche Bank's new chief executive, will not present big bang reforms at a weekend supervisory board retreat, rather an... ...
Oil Prices Dip on Caution Ahead of U.S. Jobs Data

SINGAPORE: Oil prices fell almost 1.5 percent on Friday, as investors turned cautious ahead of U.S. jobs data that is expected to play into the... ...
Sensex closes down 109 points ahead of GDP data

3:50pm : S&P BSE Sensex closes at 26,283.09 points, down 109.29 points, or 0.41%; CNX Nifty ends at 7,971.30 points, down 30.65 points, or 0.38%.... ...
How corrupt banking system creates mountain of bad loans

In the morning of May 19, 2014, three days after the Lok Sabha poll results were announced, and with a government not quite in place, chaos reigned... ...
Ex-Mittal adviser Rishi Khosla opens UK bank with Wadhwani, Turner help

London: Rishi Khosla, once an adviser to Lakshmi Mittal, started a bank from scratch in the UK. Its prospects have lured a former Bank of England... ...

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