Goldman Sachs Group Inc managed $15 billion of bond sales for Greece after arranging a currency swap that allowed the government to hide the extent of its deficit.

Goldman Sachs, Greece hid swap deal details

Business Standard

Japanese commercial banks reported a record 272,326 transactions to the police in 2009 as possible moneylaundering cases, up 15.8 per cent from the previous year, an annual National Police Agency survey showed today.

272,326 deals as possible moneylaundering in 2009:Japan bank

The global reinsurance and financial services group SwissRe returned to back with a 506-million Swiss francs profits in 2009 from a loss of 864 million Swiss francs in the previous year.

SwissRe returns to black in 2009

Press Trust of India

Chennai-based True Value Homes (TVH) is planning to invest around $750 million (Rs 3,450 crore) in various residential projects.

TVH to invest Rs 3450 cr in housing projects

The ratio of semi-urban areas witnessed an increase of 5.61%.

CD ratio of banks in Punjab declines 2.1%

Housing finance companies (HFCs), which rely heavily on banks for funds, have said that loans taken by them should be exempted from the proposed base rate system.

Housing Finance firms want relief from base rate

Following an Orissa High Court order, the Central Bureau of Investigation (CBI) has begun investigation into the role of banks in multi-crore foreign exchange losses suffered by customers, who bought derivative products sold by the banks. Sources said while CBI has already questioned the officials of a top public sector bank, it might call officials from other banks too for questioning.

CBI begins probe into derivatives 'misselling'

The Indian Bank&rsquo;s Association (IBA) plans to form a company to gather information on loss data from banks to help them assess operational risks and allocate capital under the Basel-II norms.

IBA plans loss data collection company

Experian Credit Information Co has received the final approval from the Reserve Bank of India (RBI) to set up a credit bureau in the country, it announced on Thursday. The bureau will have to begin operations within six months.

Experian gets final nod for credit bureau

State-owned Oriental Bank of Commerce today said it expects net profit of the bank to cross the landmark level of Rs 1,000 crore by the end of the current fiscal.

OBC expects net profit to cross Rs 1,000 cr

The move will enable saving bank account holders to earn better interest rates since banks currently calculate interest on these accounts on the lowest available balance, from 11th and the last date of a month.

Daily interest on savings a/c from April: RBI

The Insurance Regulatory and Development Authority (IRDA) today said it is awaiting market regulator Securities and Exchange Board of India's (Sebi) reply on a letter written in response to the showcause notice issued to life insurance companies.

IRDA awaits Sebi's reply letter on showcause to insurers

The public sector Bank of India (BoI), which targets to take its business to about Rs 12 lakh crore in next 5-6 years, mulls to implement Business Process Re-engineering (BPR) initiates to streamline its growing business.

Bank of India mulls Business Process Re-engineering

The Federal Reserve Board sent its most explicit signal yet that the emergency supply of liquidity to financial markets is done and the most aggressive monetary policy easing in its 96-year history will eventually reverse.

Fed signals end to emergency liquidity

Bank of America Corp and UBS AG, which eliminated jobs over the past two years as they received government aid, are luring bankers in London from competitors by as much as doubling base salaries, recruiters said.

Merrill, UBS lure bankers with pay increases

The country&rsquo;s second-largest private sector lender, HDFC Bank, today increased fixed deposit (FD) rates across nine maturities by 25-150 basis points (bps)&mdash;the sharpest and widest increase by any bank so far.

HDFC Bank Raises FD rates by 25-150 bps

Banks would have to move to the daily product method of calculating interest on savings account deposits from April 1, the Reserve Bank of India said in a notification to banks.

Interest on daily product basis kicks in from April 1

Public sector lender United Bank of India (UBI) has been exempted by the Securities and Exchange Board of India (Sebi) from appointing independent directors before the initial public offering (IPO) on a request from the government.

UBI gets breather on board composition

In an interview last week, President Obama said he didn&rsquo;t begrudge Jamie Dimon, the chief executive of JPMorganChase, and Lloyd Blankfein, the head man at Goldman Sachs, their 2009 bonuses of $17 million and $9 million, respectively. He said that while $17 million was &ldquo;an extraordinary amount of money,&rdquo; there are &ldquo;some baseball players who are making more than that and don&rsquo;t get to the World Series either, so I&rsquo;m shocked by that as well.

The great Goldman Sachs fire sale of 2008

The Reserve Bank of India (RBI) today reduced the ceiling rate on export credit in foreign currency by banks to Libor plus 200 basis points from Libor plus 350 basis points.

RBI cuts ceiling rate on export credit

State Bank of India (SBI) Chairman O P Bhatt today said lending rates are unlikely to rise in the next 3-4 months as hiking rates in a low-demand scenario could hurt the margin of the bank.

SBI lending rate won't rise till May-June: O P Bhatt

Finance News: Latest investing news and finance headlines straight from Business Standard.

Page 2730 - Finance News