Page 47 - Banks

G-20 sets up an expert panel on multilateral institution reforms

NK Singh, Larry Summers to head the expert group

Top headlines: After SC say on fraud, onus on banks, Adani Green under ASM

Business Standard brings you the latest headlines at this hour

SBI received Rs 8,800 crore from DFS in FY18 without asking for it: CAG

The department under the finance ministry did not conduct an assessment of the capital requirement according to its own standard practice before recapitalisation

Many cases may have to be reopened after SC ruling on borrowers' voice

Bankers said the decision won't deter them from marking an account as fraudulent

After Supreme Court's fraud tag verdict, responsibility now on banks

Borrowers - small and large - can now seek a relook at their cases

Banking on a systems upgrade: What more could we expect going ahead

The cautionary tale from the Block Inc debacle is that increasing digitisation of retail financial services in India has raised the threat levels of frauds

First Citizens buys Silicon Valley Bank following a run on the lender

The lender said it will assume $56 billion in deposits and 17 legacy branches will begin operating Silicon Valley Bank, a division of First Citizens

Banking crisis raises concerns about leverage lurking in financial system

More than a dozen regulators, bankers, asset managers and former central bank officials say shadow debt and its links to lenders are becoming a major cause for concern

Finance minister asks public banks to take stress tests; what are these?

Bank stress tests were introduced after the 2008 financial crisis, and they revealed the vulnerability of banks to market crashes and economic downturns

Making banks treat customers fairly

RBI's regulatory philosophy is to issue guidelines and create a process of grievance redress

Venture capitalists ask startups to keep money with new SVB amid crisis

High-profile investors have voiced their support for Silicon Valley Bank. In an interview with Bloomberg Television, investor Vinod Khosla said he was encouraging companies to keep funds with the bank

Credit Suisse customers feel mix of anger, relief after sale to UBS

Fury at top Credit Suisse managers. Lament over damage to Switzerland's image as a stable, reliable banking centre. Relief that authorities stepped in to help protect deposits, but worry about keeping cash invested in a bank that failed to manage its own money adequately. On Swiss streets, emotions were running the gamut among Credit Suisse customers after the government this weekend orchestrated a takeover of the country's second-largest bank by rival UBS a bid to prevent further upheaval in the global financial system that began with the collapse of two U.S. banks. How the merger, with a fire-sale price of 3 billion Swiss francs ($3.25 billion), will play out and its impact on worldwide finance are largely unknown. That has left those stuck in the middle customers and bank workers uncertain about what comes next in the deal to create one Swiss megabank. My money is already invested in two or three banking establishments, customer Elisabeth Pictet said after exiting the bigges

Silicon Valley Bank Financial must wait to get back $2 billion from FDIC

The FDIC's decision to lock down the $2 billion creates jeopardy in the bankruptcy case, said Tom Lauria, a lawyer representing a large bondholder, Appaloosa LP

Silicon Valley Bank's loans to insiders tripled to $219 mn before it failed

The surge in loans to high-up figures may draw scrutiny as the Federal Reserve and Congress investigate the breakdown of Silicon Valley Bank, the biggest US bank collapse in more than a decade

Swiss are on the hook for $13,500 each on Credit Suisse bailout

Govt to make as much as 109 billion Swiss francs available - a burden on the nation of 8.7 million

Credit Suisse crisis likely to make rich Indians wary of wealth managers

"In the past 15 years or so, many multinational financial institutions have come and exited Indian markets and the latest incident was making wealthy investors nervous"

As liquidity tightens, call money rate jumps to 7% before easing

Advance tax, GST payments leading to tight liquidity; RBI may do more repos

Credit Suisse bankers seek new jobs, flood headhunters with calls

"If they aren't going to CSFB they will have to be emigrated into UBS fixed-income, which is a much smaller business than Credit Suisse," a headhunter said in an interview

US banking turmoil: Wipeout of risky bonds upends $275-billion market

UBS Group AG told Credit Suisse wealth bankers it's weighing financial sweeteners for them to stay as it seeks to reassure key staff following the takeover

Banking turmoil: Credit Suisse, UBS stocks see wild swings after deal

Credit Suisse nosedives 64%; UBS falls 15% in early trade but recovers later