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07 Jun 2017

SBI says 'future ready' with transaction speed of 15,000 per sec

SBI has attained the speed of 15,000 transactions per second as against the current utilisation of only 4,600/second, and is "future ready", the country's largest lender told its shareholders.

19 Jul 2016

Loss of small-country bank access risks 'systemic' disruptions: IMF chief

The loss of correspondent banking relationships in developing countries as major banks try to limit risk exposures could marginalise small economies and cause "systemic" disruptions to their financial systems, the head of the International Monetary Fund said on Monday.

16 Jul 2015

Global banks to steer clear of Iran until sanctions finally go

International banks and most insurers are likely to steer clear of dealing with Iran for some time, fearing they could face more fines from U.S. regulators despite this week`s nuclear deal between world powers and Tehran.

11 May 2015

Late to the party, global banks try to muscle into India's start-up boom

Foreign money has been pouring into India`s fast-growing e-commerce sector, with investors ranging from Japan`s Softbank Corp to Singapore`s Temasek Holdings and GIC Private Ltd piling in.

03 Apr 2015

New rules on global banks' interest-rate risks face delays: Sources

Efforts to protect the world`s banks from interest-rate risks are bogged down, with an agreement on new rules likely to be delayed by at least several months, people involved in the discussions said.

US Justice Department

14 Mar 2015

US seeks billions from global banks in currency investigation

The US Justice Department is seeking about $1 billion each from global banks being investigated for manipulation of currency markets, Bloomberg reported on Friday, citing people familiar with the talks.

06 Oct 2014

Global banks join hands to set up one-stop bond shop: Report

The banks, which include BNP Paribas SA, Credit Suisse Group AG, Goldman Sachs Group Inc, HSBC Holdings and JP Morgan Chase & Co, are set to pay $47,934 each for the first phase of consultancy work.

21 Sep 2014

G20 plans to help banks apply similar capital rules

The group of 20 of the world`s biggest economies said the proposal was set in motion for their Brisbane leaders` summit in November and would further strengthen existing financial regulatory reforms.

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