National & International Financial news and Updates

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High-level panel soon to tackle banks' bad loans, says official

NPAs is a matter of concern and the government is vigilant in this regard, he added.

Nov 27, 2015

WTO talks deadlocked as ministers prepare to meet in December

The ministers are scheduled to meet in Nairobi on 15 December and disagree on a worldwide package of trade reforms.

Nov 27, 2015

Wealth of India's super rich to double by 2020, says study

The HNIs are also expected to see their wealth growing faster than the wealth of their Chinese counterparts.

Nov 27, 2015

RBI allows foreign investors to buy corporate bonds in default

It's a potential boost to the country's nascent distressed debt market.

Nov 26, 2015

Bain sells shares in Hero MotoCorp to raise $116 million

Bain launched the deal to sell 2.98 million Hero shares on 25 November.

Nov 26, 2015

US: Class action lawsuit accuses big banks of swapping interest rates

The lawsuit said every year the banks extracted billions of dollars in monopoly rents from the class members.

Nov 26, 2015

Pimco, other investors sue Citigroup over billions in mortgage debt losses

The bank had allegedly failed to properly monitor toxic securitiesresulting in $2.3 billion losses.

Nov 26, 2015

CITIC under the scanner for overstating financial derivatives by $166 billion

China's biggest brokerage says the current size of its swap business is no larger than 40 billion yuan.

Nov 26, 2015

Tech world raids Wall Street talent; Uber grabs bankers

The bankers are the latest to leave Wall Street banks for Silicon Valley startups.

Nov 25, 2015

Mudra Bank, Start up India to shore up MSMEs

While loans to larger businesses have increased 4%, small business loans have decreased 20%.

Nov 25, 2015

China: Police crack $4.5 billion worth underground bank network

14 gangs, each of whose daily illegal transactions were more than $100,000, were arrested.

Nov 25, 2015

NY attorney general probes false bids and offers in Forex market

Subpoenas issued to BGC Partners, GFI Group, TFS-ICAP, Tullett Prebon Financial Services

Nov 24, 2015

Virginia state firm signs apple export deal with India

As of September of this year, Virginia has exported $1.2 million in apples to India

Nov 24, 2015

U.S politicians condemn tax-avoiding Pfizer-Allergan deal

Republican front-runner Donald Trump, who has called for a corporate tax overhaul, called the deal disgusting.

Nov 24, 2015

Bupa to invest Rs 191 crore in Max Bupa to boost stake

The deal is expected to come into force once all regulatory clearances have been sought.

Nov 23, 2015

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