The Latest Breaking News on Financial Services

Banco do Brasil, one of country’s biggest banks, under scrutiny as institutions called to account for role in trafficking of Africans

Internal investigation into Mylapra Service Cooperative Bank in Pathanamthitta reveals embezzlement of ₹18.83 crore by former bank secretary Joshua Mathew through 28 loans to relatives. Former bank president Jerry Oommen Easo and his family also took loans worth ₹2 crore. Crime Branch probe on to investigate benami loans worth ₹86.12…

Kerala's cooperative banking sector faces corruption allegations, with ED probes against CPI(M) leaders. Congress and BJP see political opportunity, as sector is crucial to livelihoods of many. Kandala Cooperative Bank in Thiruvananthapuram accused of loan fraud, nepotism, etc. Opposition leader claims more scams to emerge. CPI(M) blames Congress and BJP…

Amid the growing challenges of ratings downgrades by top credit rating agencies and higher deposit costs, it could be wise to look beyond borders and buy fundamentally strong foreign banking names Commerzbank (CRZBY), Intesa Sanpaolo (ISNPY), and Banco BBVA Argentina (BBAR), which have delivered impressive returns. Read more….

August saw a combination of Wilko tumbling into administration alongside other outlets holding traditional end-of-summer sales.

It was to fund a language laboratory but when the money didn’t arrive we knew there was a problem

UK’s economic development bank says it was impacted by wider economic difficulties

Members fled business lobby group after sexual misconduct allegations leaving it with £3m hole in its finances

Madras HC upholds removal from service of bank manager for producing fake bills; notes he should have thought of his family before submitting false bills & gaining monetary benefit. Court said it cannot substitute itself for appointing authority & only consider if principles of natural justice were violated.