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BANKING NEWS

Indian banks warn against lifting cash withdrawal limits

Indian banks warn against lifting cash withdrawal limits
By: Kiran Stacey in New Delhi Bankers say they cannot cope with any sudden increase in demand Indian banks warn that they will struggle to cope with a sudden rush for cash if the government lifts the limits on customer withdrawals on Friday. ...

ECB tells Monte dei Paschi it needs to raise US$9.2 billion

ECB tells Monte dei Paschi it needs to raise US$9.2 billion
MILAN: The European Central Bank has told Monte dei Paschi it needs to plug a capital shortfall of 8.8 billion euros (US$9.2 billion), higher than a previous 5 billion euro gap estimated by the bank, the lender said on Monday, confirming what sources told ...

Italy’s cabinet approves Monte dei Paschi bailout

Italy’s cabinet approves Monte dei Paschi bailout
By: James Politi in Rome and Rachel Sanderson in MilanMove comes after bank fails in last-ditch attempt to bring in private capitalMonte dei Paschi di Siena will seek state help for a rescue, the world’s oldest bank said on Friday. ...

US sues Barclays for fraud over crisis-era mortgage-backed loans

US sues Barclays for fraud over crisis-era mortgage-backed loans
By: David J Lynch in Washington and Martin Arnold in London DoJ says bank’s practices during housing bubble were ‘irresponsible and dishonest’ Federal prosecutors have sued Barclays and two of its executives over allegedly ...

Deutsche Bank and Credit Suisse pay billions to settle US probe

Deutsche Bank and Credit Suisse pay billions to settle US probe
By: Alistair Gray, Peter Wells, David Lynch and Martin Arnold Deutsche Bank and Credit Suisse have agreed to pay out billions to resolve a probe into the alleged mis-selling of mortgage-backed securities at the height of the US ...

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Who's behind the blog

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