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  • AIB to pay government 280 million euro divident on preference shares

    Banking Industry News.Net

    DUBLIN, Ireland - Allied Irish Banks (AIB) has reported a profit before tax of 1.1bn euro, an impressive 2.8bn euro turnaround from the 2013 year. AIB's year to 31 December 2014 was a dramatic ...

  • Akbank stake sold by Citigroup for $1.15 bn

    Banking Industry News.Net

    ISTANBUL, Turkey - American lender Citigroup has ended its investment partnership with Akbank TAS by selling nearly 10-percent stake in the Turkish bank for $1.15 billion to an unknown buyer at a ...

  • Former Ukraine Finance Minister Arrested On Spanish Coast

    Banking Industry News.Net

    Spanish media reports say police have arrested former Ukrainian Finance Minister Yuriy Kolobov, missing since August 2014 and wanted for embezzlement and financial wrongdoing under an Interpol arrest ...

  • China Signals Higher Spending Lower Growth Target

    Banking Industry News.Net

    BEIJING - China plans to run its biggest budget deficit in 2015 since the global financial crisis, stepping up spending as Premier Li Keqiang signaled that the lowest rate of growth in a quarter of ...

  • Charities That Funded Former Supporter of Jihadi John Under Fire

    Banking Industry News.Net

    LONDON - The financial backers of a campaign group that had contact with the man later known as "Jihadi John" are under pressure from British politicians and a regulator's investigation to explain ...

  • Turkey Seeks to Calm New York Investor Nerves as Lira Plunges

    Banking Industry News.Net

    ANKARA/ISTANBUL - Turkey's prime minister and his economic team will seek to calm nerves among top investors in New York who hold more than 20 percent of the main Istanbul stock index, after ...

  • Indias RBI Surprises Again with Post-budget Rate Cut

    Banking Industry News.Net

    MUMBAI - India's central bank unexpectedly lowered its policy rate for the second time this year on Wednesday, backing a government that is pushing to revive economic growth as inflation ...

  • Left boycotts Governors address in Kerala assembly

    Banking Industry News.Net

    The Left opposition walked out of the assembly on Friday as soon as Kerala Governor P. Sathasivam rose to read out the government's policies for the year. Leader of opposition V.S. Achuthanandan ...

  • WHO to begin vaccination trials in Guinea

    Banking Industry News.Net

    The World Health Organisation (WHO) announced that it will begin conducting Ebola vaccination trials in Guinea this week to test whether the vaccine is effective to prevent Ebola. The phase III ...

  • Saina enters All England quarters

    Banking Industry News.Net

    Ace Indian Saina Nehwal entered the women's singles quarter-finals of the $500,000 All England Open Badminton Championships by virtue of a straight games win at the Barclaycard Arena here on ...

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  • Moodys lauds India for new mechanism to tame inflation

    Banking Industry News.Net

    Global financial services firm Moody's on Thursday lauded India for setting up a new mechanism to tame inflation through the Reserve Bank of India (RBI). "The new mechanism targeting inflation will ...

  • India-born woman to head JP Morgans North America MampA

    Banking Industry News.Net

    Financial giant JP Morgan Chase has elevated India-born Anu Aiyengar as co-head of mergers and acquisitions for North America, a media report said on Thursday. Aiyengar and Henry Gosebruch, both 42 ...

  • University of Mumbai VC asked to resume work

    Banking Industry News.Net

    Exactly two weeks after asking University of Mumbai Vice-Chancellor Rajan Welukar to "abstain" from duties, Maharashtra Governor C.V. Rao Thursday asked him to resume work. The governor's decision ...

  • Iraqi forces continue advance to free Salahudin province

    Banking Industry News.Net

    Iraqi security forces on Thursday continued their advance to free key cities and towns in Iraq's northern central province of Salahudin from the Islamic State (IS) militants, as the troops foiled ...

  • President to inaugurate Festival of Innovations

    Banking Industry News.Net

    President Pranab Mukherjee will inaugurate a week-long 'Festival of Innovations' at Rashtrapati Bhavan on Saturday as part of his efforts to create an ecosystem to boost innovations in India. The ...

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