Friday, March 22, 2019

Santander Holdings USA declares quarterly dividend

BOSTON: Santander Holdings USA, Inc., parent company of Santander Bank, N.A., announced that its Board of Directors declared a dividend on SHUSA’s Series C...

Compliance will kill the bank

I was talking with a banker at a recent conference, and was surprised by his attitude. He’s not worried about Amazon, Google or Alibaba;...

Morgan Stanley unit to pay $10 million fine for violations

New York: Wall Street’s industry funded watchdog fined the US brokerage unit of Morgan Stanley $10 million today for compliance failures in the firm’s...

Facebook gave data on user’s friends to certain companies

SAN FRANCISCO: Facebook Inc let some companies, including Netflix and Airbnb, access users’ lists of friends after it cut off that data for most...

Banks to be banned from charging higher fees for unarranged overdrafts

LONDON: Banks are to be banned from charging excessive fees for unauthorised overdrafts as part of the City watchdog’s clampdown on the “dysfunctional” high-cost...

Xiaomi sews up deals for smart homes

SAN FRANCISCO: Chinese technology giant Xiaomi Corp announced it has teamed up with Sweden's furniture titan Ikea to offer smart home products. The tie-up is...

ING and Bank of Queensland raise borrowing rates again

LONDON: Two of the nation’s most popular banks for borrowers are increasing variable mortgage rates by up to 15 basis points in response to...

Bank of Georgia quarterly profit rises 11.3pc

GEORGIA: Bank of Georgia Group Plc reported an 11.3 percent rise in quarterly earnings, helped by higher lending amid strong economic growth in the...

India central bank surprises with a rate cut

MUMBAI: India's central bank unexpectedly lowered interest rates and, as anticipated, shifted its stance to "neutral" from "calibrated tightening" to boost a slowing economy...

ABN Amro sheds 250 jobs as it shrinks corporate bank

AMSTERDAM: Dutch bank ABN Amro said on Wednesday it would shed 250 jobs as it shrinks its international corporate bank activities to increase profitability....

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