Union Bank

Rs 824 cr Kanishk Gold fraud: CBI grills directors Bhoopesh Jain, his wife Neeta; files case on SBI’s complaint - Firstpost

The Central Bureau of Investigation (CBI) has grilled Kanishk Gold (KGPL) directors Bhoopesh Kumar Jain and his wife Neeta Jain in the Rs 824 crore …


SC directs status quo on sale of assets by R-Com to R-Jio

(Eds: With additional details)New Delhi, Mar 22 (PTI) The Supreme Court today directed maintenance of status quo on the sale of assets of Anil …


Life Is Getting Harder for Philippine Central Bank Watchers

Life is getting harder for Philippine central bank watchers.<p>Governor Nestor Espenilla has veered between statements that analysts say are both …


The Weinstein Co. Declares Bankruptcy

The Weinstein Co. announced Monday that it had filed for bankruptcy, finding itself unable to survive the allegations of sexual abuse leveled against …

Harvey Weinstein

Dispute over bank accounts delays teachers’ salaries

About 27,000 teachers of private aided schools have not received their February salary following a row over which bank should hold their salary …


Nigeria: Shell, GTBank Agree $270m Oil-Backed Loan to Amni

Shell engineer.<p>Shell Western Supply and Trading Limited, a subsidiary of Royal Dutch Shell and Guaranty Trust Bank have granted a $270 million loan …


Weinstein Co. has filed for bankruptcy and will pursue a sale

Harvey Weinstein's embattled movie studio – once a premier maker of award-winning films – has filed for Chapter 11 bankruptcy more than five months …

Los Angeles

Black gudi for Maharashtra Education Minister, as teachers suffer dark days

Members of Maharashtra Shikshak Parishad protest outside Vinod Tawde's home with black gudi, as thousands of teachers in Mumbai are kept waiting for …


Northern Trust strengthens auditing via blockchain technology

0 Comment Audit, Banco Santander, Blockchain, Hyperledger Fabric, IBM, Marco Polo, Northern Trust, Private Equity, PWC, Union Bank<p>Northern Trust …


Israeli family business empire to split assets, rather than divest them

The move may be seen by critics as exploiting a loophole in the concentration law


Opinion: Time to explore postal banking

Now is the time for Canada Post to explore postal banking as part of its long-term sustainability plan for the 21st century.<p>Recently I took on a new …


BRIEF-Union Bank Of India Gets Shareholders' Nod To Issue Shares Worth Up To 45.24 Bln Rupees To India Govt

<i>0</i><p>Recent Alerts<p>Sign up to create alerts for Instruments, Economic Events and content by followed authors<p>Free Sign Up<p>Already have an account? Sign …


Philippine Airports Could Get a Multibillion-Dollar Makeover

Aboitiz Equity Ventures Inc., a Philippine conglomerate mainly invested in power, is ready to spend about 200 billion pesos ($3.8 billion) in …


UnionBank chief shares key leadership traits to drive team to success

UnionBank president and chief executive officer Edwin Baustista believes that the key to success is in building a great team.


PNB scam fallout: RBI does well to stop LoUs, it's never too late to learn from mistakes - Firstpost

On 12 March 2018, this writer had said in an earlier Firstpost article that in a regime of carefully monitored borrower behavior through a CIBIL …

Punjab National Bank

Closing Bell: Market closes mixed, Nifty holds 10,400; PSU Bank index up 2%

TCS was biggest loser among Nifty50 stocks, falling more than 5 percent after big block deal.

Business (India)

PSU banks lost Rs 900-billion market-cap in one month post PNB scam

In past one month, the Nifty PSU Bank index tanked 20% against 1.6% decline in the Nifty 50 index.

Punjab National Bank

CIBIL-like regime for corporate loans need of the hour, CRISIL-like regime not enough - Firstpost

Individuals are supposed to fret and agonise over their credit score awarded by CIBIL (Credit Information Bureau (India) Limited) so that they are …


Trade gap in January 2018 widens year on year

MANILA, Philippines — Deficit in the Philippines’ balance of trade in goods widened in January from a year ago, although below market expectations, …


Northbrook police blotter: 2 use fake credit cards at same store in one day

<i>The following items were taken from Northbrook Police Department reports and releases. An arrest does not constitute a finding of guilt.</i><p><b>Theft</b><p>Police said Zulema Garcia, 36, of the 4500 block of North Mason Avenue, Chicago, was charged on Feb. 25 with felony theft in connection with incidents at Lord …


Bank gross NPAs at Rs8.41 trillion in December 2017

The highest amount of gross NPAs was for country’s largest lender State Bank of India (SBI) at Rs201,560 crore


Another firm turns defaulter, this time Kanpur-based Shri Lakshmi Cotsyn Limited fails to repay Rs 3,972 crore to consortium of 16 banks

LUCKNOW: While Rotomac Global owner Vikram Kothari and his son are going through the rigors of investigation, another Kanpur-based firm, Shri Lakshmi …


CBI files fresh FIR against Nirav Modi for cheating PNB of Rs 321 crore

The CBI has filed a third case in connection with the Punjab National Bank fraud case involving billionaire jeweller Nirav Modi, taking the scope of …


Closing Bell: Sensex, Nifty end at fresh 2018 closing low; banks, oil stocks drag

PSU banks were worst hit, with the Nifty PSU Bank falling 3 percent while FMCG index outperformed, rising half a percent.

Business (India)

Canara, Union Bank among 5 PSBs that may be put under RBI's prompt corrective action plan: Report

Canara bank and Union Bank are among five public sector banks that might be put under the Reserve Bank of India's prompt corrective action …

Punjab National Bank

PNB Scam: As a regulator, RBI has failed to stem the rot; time for a system overhaul? - Firstpost

The recent fraud at Punjab National Bank (PNB) highlights the lacunae in banking regulation and its enforcement. As the banking regulator, the …

Punjab National Bank

Closing Bell: Sensex falls 300 pts, Nifty ends below 10,400; Tata Motors top loser

<b>Moneycontrol News</b><p><b>3:30 pm Market Closing</b>: Benchmark indices continued to fall for fourth consecutive session, with the Sensex losing 300.16 points or …

Business (India)

Digitizing Financial Services in PH with Blockchain - Microsoft News Center Philippines

Today, digital technology is pushing people, businesses, and governments to rethink the way they work and operate. In the banking and financial …

Nigeria Union Bank working with Citi on Eurobond, others to follow...

LAGOS (Reuters) - Nigeria’s Union Bank is working with Citigroup and Renaissance Capital on a planned Eurobond sale, two banking sources told Reuters, following on from its $163 million share sale in the fourth quarter to boost lending.<p>The Citigroup Inc (Citi) logo is seen at the SIBOS banking and …

JMU Sets 2018 Spring Football Game for April 14 - James Madison University

<b>HARRISONBURG, Va.</b> – James Madison begins spring practice this month in preparation for the upcoming season and will hold its annual Spring Game, …

College Sports