The Reserve Bank of India (RBI) will continue to take steps to address the deficit in the banking system liquidity, Deputy Governor Subir Gokarn said here on Friday.

Steps to address liquidity issue will continue, says Gokarn

Business Standard

India-born former Goldman Sachs director Rajat Gupta's appeal against his conviction on insider trading charges will be taken up on an "expedited" basis by a US court, which said it will hear arguments in the case as early as April next year.

Insider trading case: US court to hear Gupta's appeal on expedited basis

Press Trust of India

Goldman Sachs Group will pay $1.5 million to settle US Commodity Futures Trading Commission claims the firm failed to supervise a trader who hid an $8.3 billion position. One CFTC commissioner dissented, saying the penalty is far too small.

Goldman to pay $1.5 mn for supervision failures

Greek and foreign bondholders offered the targeted euro 30 billion ($38.8 billion) in a debt buyback that is key to the country&rsquo;s international bailout, a Greek government official said on Saturday, suggesting the plan had broadly succeeded.

Investors offer $38.8 bn in Greek debt buyback

Reuters 

A lack of interest from investors is threatening to derail the efforts of Indian banks to raise the additional capital they need to comply with tougher Basel III rules.

Basel bonds flop in India

After leaving Wall Street more than four years ago, David Kostman recently returned.

Local restaurateurs feed Wall Street's hungry deal makers

The tightening of lending norms by Indian banks has fuelled the way for global financial institutions to shift focus to the non-banking finance business. The latest entrant who eyes a strong foothold in this segment is Canada&rsquo;s largest property and casualty insurer, Fairfax Financial Holdings.

Canada's Fairfax may float NBFC

The American International Group agreed on Sunday to sell up to 90 per cent of its extensive airplane leasing unit to a group of Chinese investors in a deal that valued the business at about $5.28 billion. It is part of the insurance giant's effort to sell assets that it considers nonessential to its core operations as the company continues to recover from the financial crisis.

AIG agrees to sell most of its leasing unit to Chinese investors

British bank Standard Chartered Plc will pay $327 million (&pound;203 million) to resolve allegations that it violated US sanctions and other laws, the Federal Reserve said on Monday.

StanC to pay $327 mn to resolve US case

The Lok Sabha on Monday approved an amendment Bill to ease the recovery of bad loans by banks. Opposition parties walked out after the government rejected their demand for referring it to a standing committee.

Bankers, ARCs laud debt recovery amendment

State and federal authorities decided against indicting HSBC in a money-laundering case over concerns that criminal charges could jeopardise one of the world's largest banks and ultimately destabilise the global financial system.

HSBC to pay $1.92-bn fine to settle money laundering case

Indian companies raised $4.29 billion, through external commercial borrowings (ECBs) and foreign currency convertible bonds (FCCBs) in October, to fund modernisation, foreign acquisitions, import of capital goods and onward lending.

India Inc raises $4.29 bn via ECBs, FCCBs

Kotak Mahindra Capital, investment banking arm of Kotak Mahindra Bank, has entered into an exclusive strategic alliance with Sumitomo Mitsui Banking Corporation (SMBC) and SMBC Nikko Securities for cross-border merger and acquisition (M&amp;A) advisory services between India and Japan.

Kotak Capital in tie-up with Sumitomo for M&A

The proposed asset classification norms and standard asset provisioning norms of the Reserve Bank of India are expected to impact the profitability of the non-banking financial companies (NBFCs).

Provisioning norms to hit profitability of NBFCs

Finance ministers agreed early on Thursday to place banks in the Euro area under a single supervisor, a step enabling European Union leaders to deliver show of unity at their year-end summit that starts later in the day.

European banks to be under single supervisor

After a raid at Deutsche Bank's headquarters, the company disclosed Wednesday that two of its highest-ranking executives were a focus of a tax evasion investigation, dealing a fresh blow to the German institution's already battered reputation.

Top Deutsche Bank executives mired in tax evasion inquiry

The Union government is working on a plan to get IDBI Bank into the controversial Delhi-Gurgaon Expressway project, to save the lenders involved from trouble in case of cancellation of the contract.

IDBI Bank might come to the rescue of IDFC consortium

Securities regulators have made inquiries into the mortgage repurchase practices at Bank of America Corp&rsquo;s Countrywide unit, according to a transcript filed in a lawsuit against the bank by insurer MBIA Inc.

SEC probed BofA mortgage repurchases

The Federal Reserve moved to subject two dozen foreign banks with at least $50 billion of global assets to stricter US capital rules, as it attempts to lower risks to the financial system.

Fed targets foreign banks with tougher rules

India-born former Goldman Sachs Director Rajat Gupta has said he should not be required to pay the global investment banking firm the $6.78 million it is seeking as reimbursement for legal fees and other expenses incurred in connection with his insider-trading case.

Rajat Gupta says he should not be required to pay $6.78 mn to Goldman

The global bond market disagreed with Moody&rsquo;s Investors Service and Standard &amp; Poor&rsquo;s more often than not this year when the companies told investors that governments were becoming safer or more risky.

Moody's and S&P ignored as bonds shun sovereign ratings

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