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Latest from banking industry

US banks to gain from looser capital, merger policies under Donald Trump

The US banking industry is expected to win big as former President Donald Trump returns to the White House.

Donald Trump picks are likely to further dilute the contentious Basel III endgame proposal aimed at requiring big lenders to hold more capital to safeguard against soured loans.(REUTERS)
Updated on Nov 07, 2024 11:59 PM IST
Reuters | | Posted by Shweta Kukreti

Texas Bank Aims to Escape Fate of Rivals Despite McKinsey Musings

A cadre of McKinsey & Co. consultants strode into a meeting with Houston’s most prominent local bank to dwell on the problem bedeviling thousands of regional banks: How to stay relevant.

HT Image
Updated on Apr 09, 2024 09:16 PM IST
Bloomberg |

CBI studies 53 financial frauds to identify preventive measures

Apart from cases involving Harshad Mehta, Mehul Choksi and Nirav Modi, the agency studied bank frauds involving former liquor baron Vijay Mallya, diamond merchant Jatin Mehta

The “findings” and “lessons learnt from past mistakes”, published in the form of an almanac and released by Prime Minister Narendra Modi on Monday, have been shared with the Reserve Bank of India (RBI), stock market regulator Sebi. (AFP)
Updated on Apr 05, 2023 12:24 AM IST
ByNeeraj Chauhan, New Delhi

Silicon Valley Bank collapses in America's biggest banking failure since 2008

Regulators stepped in and seized it Friday in a stunning downfall for a lender that had quadrupled in size over the past five years and was valued at more than $40 billion as recently as last year.

A property managment representative gestures while asking reporters to clear the entrance area to Silicon Valley Bank in Santa Clara, Calif., Friday. (AP)
Updated on Mar 11, 2023 08:30 AM IST
Bloomberg |
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