The Latest Breaking News on Financial Services

Rising interest rates have boosted profitability but are likely to limit demand and increase risk of bad debts, says central bank

Godwin Emefiele, who was arrested by security services in June, has pleaded not guilty to the charges.

Lloyds Bank hopes of quick sale dashed

UDF's Ajay Mohan expresses displeasure at IUML leader's nomination to Kerala Bank director board. IUML leaders justify nomination, saying it is their right. CPI(M) denies inviting IUML to LDF, while IUML reiterates commitment to UDF.

THE race to land ownership of The Telegraph Group remains wide open City bankers insist in the face of reports that an Abu-Dhabi backed fund is close to taking control.

Financing from Abu Dhabi investors secured for bid but use of overseas sovereign wealth questioned

IUML's P. Abdul Hameed's nomination to Kerala Bank's director board has caused strong resentment within the Muslim League. Posters describing him as Judas have appeared across Malappuram. The nomination is seen as a ploy by CPI(M) to woo IUML, which is fighting the CPI(M) over the merger of all District…

The former governor of the Central Bank of Nigeria has been charged with procurement fraud

A Delhi court rejected the suit for recovery filed by the State Bank of India (SBI) against a person who had already passed away two years prior to filing the suit. Read further on Dynamite News:

The City joke goes like this. You can be absolutely certain what a bank with spare capital will do next. The only question is: up which wall.

IUML's P. Abdul Hameed nominated to Kerala Bank's director board. IUML leadership expressed happiness, rejecting speculations of CPI(M) attempting to win IUML around. Hameed holds record for longest-serving leader in post. UDF taking on CPI(M) legally for amalgamating district banks into Kerala Bank. IUML wants to work together to move…