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Can these 13 retailers survive coronavirus? Permanent store closings, bankruptcies coming

Retailers that were already ailing before the coronavirus are beginning to crumble as the crisis raises the threat of store closings and bankruptcy.





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Call For Entries – Global Banking And Finance Awards 2020

Financial organizations and corporate entities are invited to participate in the 10th annual Global Banking & Finance Awards




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David S. Hagen, has been recognized as an Expert in Bankruptcy Law by the International Association of Who's Who

David S. Hagen, of Encino, California, is honored by the International Association of Who's Who as an Expert in Bankruptcy Law for his outstanding contributions within the field of Law.




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Saving Banks from the Bankers

Sallie Krawcheck, former president of Bank of America Global Wealth & Investment Management and author of the HBR article "Four Ways to Fix Banks."




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Neiman Marcus files for bankruptcy under Chapter 11




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Banking on the Blues: How the St. Louis Economy Could Benefit from the Stanley Cup Finals

The St. Louis Blues are in the midst of a historic run toward Lord Stanley’s Cup. This is especially exciting for St. Louisans as the Blues were in dead last in the NHL as 2018 turned to 2019 with talk… Read More

The post Banking on the Blues: How the St. Louis Economy Could Benefit from the Stanley Cup Finals appeared first on Anders CPAs.




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Bedding, textile company Northwest files for bankruptcy




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RCBC Bankard improves fraud detection with voice biometrics

Faster authentication can reduce contact center costs, help eliminate the need for security questions, and contribute to an enhanced customer experience




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Alliance Bank improves CX with Ephesoft?s intelligent capture solution

Financial services organizations typically have high-volume, high-value documents, which can be manually intensive if processes are not automated




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Deutsche Bank selects NetDocuments

Native cloud platform vital to bank's global digital strategy




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City of Burbank heightens address accuracy with Melissa data quality tools

With better address data, the city added more than 300 missing addresses to the Census file provided by the federal government




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Banking/Finance




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Banking




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Banking




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Banking




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Banking

In India, the Deposit Insurance and Credit Guarantee Corporation (DICGC), a subsidiary of the RBI was set up under an Act of the Parliament for the purpose of insurance of deposits and guaranteeing of credit facilities.




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Banking

Do not seek help from strangers to complete payment transactions. Do not download apps, except recommended by seemingly-helpful people. ET Wealth unravels the modus operandi involved and tells you how to avoid being taken for a ride.




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Banking




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Banking




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Banking

Yes Bank crisis: RBI puts a cap on large withdrawals




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Banking




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Banking/Finance




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Banking

Using your payment cards during coronavirus




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Which bank is giving automatic loan moratorium and which is not: Here's the list

To pay this additional interest, you may get an option to either increase your loan tenure without increasing your EMI amount or increase your EMI amount without increasing your loan tenure or make a one-time payment of the interest in June month.




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IDBI Bank loan EMI moratorium: Terms and charges

If you are an IDBI Bank customer, here are the details of the bank's EMI moratorium facility. These details are as per the bank's website.




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Bank of Baroda launches personal loan for customers to tackle coronavirus related liquidity issues

According to the bank, "The objective of this loan is to provide ease to tide over the liquidity mismatch to existing customers." The customer can approach their existing branches to avail this personal loan up to a maximum limit Rs 5 lakh




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Should you take loans linked to benchmarks other than repo rate? Which banks offer these?

According to the RBI Monetary Policy Report, 36 banks out of 62 banks have adopted repo rate as an external benchmark whereas six banks have adopted the market-based benchmarks such as CD rate, 3-month treasury bill etc.




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Yes Bank moratorium: RBI Board Member explains why it took so much time

Yes Bank moratorium: RBI Board Member explains why it took so much time





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Coronavirus impacts: No crisis within the banking system, says SBI Chairman Rajnish Kumar

Coronavirus impacts: No crisis within the banking system, says SBI Chairman Rajnish Kumar





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Kotak Mahindra Bank vs RBI: Bank to withdraw court case, pare promoter stake to 26%

Kotak Mahindra Bank vs RBI: Bank to withdraw court case, pare promoter stake to 26%





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SBI prepares Rs 20,000 cr bailout plan to rescue Yes Bank

SBI prepares Rs 20,000 cr bailout plan to rescue Yes Bank





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30,000 signs up for app-only UK bank Atom

To open an account, customers must register online. Once they reach the front of the queue they are sent a code that allows them to unlock the app and open an account.




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Covid-19 will have unprecedented effect on migrant economy: Dilip Ratha, World Bank

Millions of migrant workers toiling in the Gulf countries are facing a crisis due to Covid-19 and the fall in oil prices.




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ICICI Bank customers can withdraw cash at ATMs sans debit card. Here's how

The offering of ‘Cardless Cash Withdrawal’ from iMobile enables customers to withdraw cash securely and conveniently for everyday usage and purchases, all from the convenience of their mobile phone. Here is a look at how you can use this facility.




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Mega PSU bank mergers come into effect from April 1. 5 things a bank customer should know

You would have given your bank account numbers and IFSC codes for various financial transactions. Unless these accounts are seamlessly merged into the financial system of the anchor bank, you would be required to change the details of your bank account.




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ICICI Bank moratorium on debit card EMIs: All questions answered

ICICI Bank, along with issuing details on availing the moratorium on loans and credit card dues, also issued a set of FAQs on moratorium for equated monthly instalments (EMIs) taken on debit cards.




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Kotak Mahindra Bank moratorium on credit card dues: What are the terms and conditions

If you have a credit card from Kotak Mahindra Bank, here are some of the details of its three-month moratorium facility.




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How to use ICICI Bank's voice banking services on Amazon Alexa and Google Assistant

To get the benefit of the voice banking offering, customers need to download the Alexa / Google Assistant and link their ICICI Bank account through a secure two-factor authentication process.




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SBI's 1-year FD is offering lower interest rate than some banks' savings accounts

Apart from small finance banks, certain private banks are also offering higher interest rate on savings accounts. Banks offering higher interest rates on savings account comes with certain conditions.




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Paytm Payments Bank crosses Rs 600 crore in fixed deposits

"During this period of volatility in other asset classes, a large number of PPB bank account holders are moving their savings into fixed deposits during the ongoing lockdown," stated Paytm Payments Bank.




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Union Bank of India cuts MCLR by up to 15 bps across all tenors

Union Bank of India announced reduction in its MCLR up to 15 basis points across all tenors, effective May 11. Overnight MCLR has been reduced by 15 bps to 7.15 per cent from 7.30 per cent and one-month MCLR by 10 bps to 7.25 per cent.




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Donald Trump taps Indian-American lawyer as US representative to World Bank's lending arm IBRD

Ashok Michael Pinto, who has worked as a Special Assistant and Associate Counsel to former president George W Bush, was on Monday nominated as US Alternate Executive Director of IBRD for a term of two years.




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EPF withdrawal: How to check, change bank account details in your EPF account

It is important that your correct bank account with IFSC is linked to your Universal Account Number (UAN) to receive the credit of EPF funds timely.




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Stocks in news: Yes Bank, SBI, Airtel and Infosys

Stocks in news: Yes Bank, SBI, Airtel and Infosys





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Axis Bank Q4 results: Net loss at Rs 1,388 cr on Covid-19 provisions

Axis Bank Q4 results: Net loss at Rs 1,388 cr on Covid-19 provisions





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ICICI Bank Q4 net profit rises 26% YoY to Rs 1,221 crore, misses Street estimates

ICICI Bank Q4 net profit rises 26% YoY to Rs 1,221 crore, misses Street estimates





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Sensex sheds 310 pts; Nifty ends below 9k; banking, financial stocks drag

Sensex sheds 310 pts; Nifty ends below 9k; banking, financial stocks drag





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Sensex zooms 986 pts on RBI booster, Nifty ends at 9,293; banking stocks rally

Sensex zooms 986 pts on RBI booster, Nifty ends at 9,293; banking stocks rally





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Sensex gains 59 points, Nifty ends flat; J&K Bank surges 20%

Sensex gains 59 points, Nifty ends flat; J&K Bank surges 20%





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Sensex falls 500 points, Nifty below 9,200; ICICI Bank declines 4%

Sensex falls 500 points, Nifty below 9,200; ICICI Bank declines 4%