Commercial banking

Reserve Bank of India (RBI) Governor Shaktikanta Das speaks during a press conference in Mumbai, India, Wednesday, Aug. 7, 2019. India's central bank on Wednesday cut its key interest rate for the fourth consecutive time, reducing the repo rate by 0.35% to 5.40% to shore up the economy, with consumer spending and corporate investment faltering and the production of capital goods and consumer durables decelerating. (AP Photo/Rajanish Kakade)
August 07, 2019 - 4:16 am
NEW DELHI (AP) — India's central bank on Wednesday cut its key interest rate for the fourth consecutive time, reducing the repo rate by 0.35% to 5.40% to shore up the economy, with consumer spending and corporate investment faltering and the production of capital goods and consumer durables...
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FILE - In this Tuesday, June 9, 2015 file photo, the HSBC logo is seen through a window where buildings are reflected on to, at a branch in London. HSBC announced on Monday Aug. 5, 2019, the surprise departure of CEO John Flint after 18 months in the job, saying the bank needs new leadership. (AP Photo/Kirsty Wigglesworth, File)
August 05, 2019 - 6:56 am
LONDON (AP) — Bank HSBC on Monday announced the surprise departure of CEO John Flint after just 18 months, saying new leadership was needed amid increasing economic uncertainty at home and in Asia, which accounts for 80% of the group's profit. London-based HSBC Holdings said Flint stepped down by...
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May 13, 2019 - 3:04 pm
MOSCOW (AP) — A Ukrainian court has rejected an appeal of a lower court ruling that said the nationalization of the country's largest commercial bank had been illegal. Ukraine's central bank requested the appeal refused Monday. The National Bank of Ukraine said it would ask a higher appeals court...
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April 05, 2019 - 5:36 am
MOSCOW (AP) — A small Russian bank owned by former U.S. congressman Charles Taylor has been stripped of its license after allegedly breaking anti-money laundering rules. Russia's central bank says that Commercial Bank of Ivanovo committed "numerous" breaches of anti-money laundering legislation and...
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Reserve Bank of India Governor Shaktikanta Das smiles during a press conference to announce the first bi monthly monetary policy in Mumbai, India, Thursday, April 4, 2019. India's central bank has lowered its key interest rate by a quarter of a percentage point to 6% to strengthen domestic growth ahead of a national election next week. (AP Photo/Rajanish Kakade)
April 04, 2019 - 6:56 am
NEW DELHI (AP) — India's central bank cut its key interest rate by a quarter of a percentage point to 6% on Thursday, moving to prop up economic growth ahead of a national election next week. The interest rate is what the federal bank charges on lending to commercial banks. Lower interest rates...
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A man walk past a Reserve Bank of India logo at their head office in Mumbai, India, Thursday, Feb. 7, 2019. India's central bank has lowered its key interest rate by a quarter of a percentage point to 6.25 percent, a step that is expected to boost the economy. (AP Photo/Rajanish Kakade)
February 07, 2019 - 3:42 am
NEW DELHI (AP) — India's central bank on Thursday lowered its key interest rate by a quarter of a percentage point to 6.25 percent in a surprise move intended to keep growth on track. The interest rate is what the federal bank charges on lending to commercial banks. Lower interest rates help...
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FILE - In this March 31, 2016, file photo provided by the Bangko Sentral ng Pilipinas, from left; Second Secretary of the Bangladesh Embassy in Manila Probash Lamarong, Anti-Money Laundering Council (AMLC) Director Julia Bacay-Abad and AMLC Member Emmanuel Dooc opens a case containing US dollars that was returned by Chinese casino junket operator Kam Sin Wong to Bangladesh and Philippine AMLC officials in Manila, Philippines. Bangladesh's central bank has filed a lawsuit in the U.S. District Court for the Southern District of New York against Philippine private bank over the heist of $81 million from Bangladesh Bank's account with the Federal Reserve Bank of New York. The head of Bangladesh Bank's Finance Intelligence Unit confirmed the lawsuit against the Rizal Commercial Banking Corp. (Jason Arlan Raval/Bangko Sentral ng Pilipinas via AP)
February 01, 2019 - 1:39 am
DHAKA, Bangladesh (AP) — Bangladesh's central bank has filed a lawsuit in a New York court against a Philippine bank, seeking damages and the return of $81 million stolen from its account with the Federal Reserve Bank of New York in 2016, an official said Friday. Abu Hena Mohd. Rajee Hassan, head...
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