A 2008-style bank run seems unlikely, but if it did happen, the sector is much better prepared, says George Hay. IMAGE: People hold signs in Trafalgar Square during a 'Yes to Europe' rally for......
The experiences of HBOS and Indian Overseas Bank show that often loans make money for the lender in the initial years but losses come later when they turn bad, notes A V Rajwade. In one basic way,......
An Indian-origin clerk who worked for a UK branch of ICICI and stole 80,000 pounds from customers to pay his rent and furnish his house, has been jailed for a year. Harprit Shari, 27, was working......
The worldwide market downturn will impact the growth and margins of IT companies for the first two-three quarters of 2009 before picking up and ending the year on a stronger note as clients seek to......
Banks completed a full circle in 2008, as famed lenders from New York to Tokyo turned beggars who lined up for bailouts from their respective governments. The over a century-old institution Lehman......