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Joe Manchin says he looks at his 2018 vote on easing bank regulations 'differently now' after Silicon Valley Bank's collapse
In 2018, 13 Democrats joined Republicans in loosening bank regulations. The older regulations likel…
Juliana Kaplan,Ayelet Sheffey
Silicon Valley Bank acted like a hedge fund, and 'they deserve what they got,' bank analyst says
"That's not the way you're supposed to run a bank. They deserve what they got," Chris Whalen said o…
Filip De Mott
Corp affairs ministry probing Chinese cos linked to loan apps; investigations at advanced stages
The corporate affairs ministry is probing various Chinese companies, especially those with links to…
PTI
Chanda Kochhar, her husband's arrest in loan fraud case amounts to abuse of power by CBI: HC
The arrest of ICICI Bank's former Managing Director and Chief Executive Officer (CEO) Chanda Kochha…
PTI
Paytm shares tank 10% to extend losses for second day
Shares of Paytm's parent company One97 Communications tanked 10 per cent on Wednesday after reports…
PTI
ICICI fraud: Special court rejects Dhoot's plea against arrest, Kochhars' demand for home food, bed
Dhoot had challenged his arrest claiming it was illegal and sought immediate release from the case.…
PTI
EU reaches provisional agreement on landmark AI Act, a global first
The EU's AI Act is set to be the world's first comprehensive set of rules to govern AI and user …
Chinese state media says US banking troubles are a result of poor regulation and domestic politics — but China's banks aren't having a great time either
It cited former President Trump's rollback of certain provisions in the Dodd-Frank Act as a contrib…
Huileng Tan
HDFC MF gets Reserve Bank nod for raising stake in Federal Bank, Equitas SFB to 9.5%
Reserve Bank has accorded approval to HDFC Mutual Fund to raise its stakes in Federal Bank as well …
PTI
All eyes on Parliament's Monsoon session — the Banking Regulation (Amendment) Bill 2020 gets introduced
The Monsoon session of the Indian Parliament kicked off today and the Banking Regulation (Amendment…
Are you an NRI having income in India? Here’s how you will be taxed
You are a non resident Indian (NRI) if you live abroad. More specifically, you are classified as "n…
Apple stock falls as EU regulators tighten screws and China bans iPhones for government workers
The European Commission named Apple and other Big Tech firms as "gatekeepers," while China barred g…
Phil Rosen
Singapore to to act tough on crypto platforms in the coming months
Amid the global crypto meltdown, Singapore, which has a clear licensing and regulatory framework, i…
Cryptocurrencies akin to 'a world of Caribbean pirates' in absence of regulation, says CEA
Chief economic adviser V Anantha Nageswaran on Thursday said cryptocurrencies are akin to 'a world …
PTI
Republican Sen. Bill Hagerty violated a federal conflict-of-interest law with late stock sale disclosures
Hagerty was about a half-year late reporting trades in stock his children owned. The Tennessee Repu…
Madison Hall
Utkarsh Small Finance Bank stock closes 90% above its IPO price
Utkarsh Small Finance Bank stock made its debut on the bourses at ₹40 which is a 60% premium over i…
RBI makes more efforts to take Rupee international with new framework
The Reserve Bank of India (RBI) on Monday announced an additional framework for invoicing, payment,…
Utkarsh Small Finance Bank IPO subscribed 101x as QIBs make a beeline for it
Utkarsh Small Finance Bank’s ₹500 crore IPO was subscribed 4.7 times over on the first day of the i…
US banking regulators are developing clearer guidelines for banks that deal with cryptocurrencies, report says
"If we don't bring this activity inside the banks, it is going to develop outside of the banks," Je…
Isabelle Lee
India’s central bank imposes ₹1 crore penalty on the country’s biggest lender
The RBI said that “a scrutiny was carried out” in one of the customer accounts. The central bank…