Banks of India have remained highly profitable last year and the outlook for banks for this year is very positive. As the face of banking is changing tremendously, about 1.2 million population has begun to make use of the banking services to fulfill their money needs and are delaying with net banking and mobile banking.
Banking giant JP Morgan Chase was off the internet this afternoon owing to distributed-denial-of-service attack.
Standard and Poor's recent downgrade of U.S. government debt may seem too remote from small businesses to have any impact. But what really are the factors that the downgrade raises, and how can small businesses adapt to the change?
The quarterly survey of senior loan officers conducted by the Federal Reserve found that the banks continued with the trend of easing out lending standards. Some of the respondent even claimed a slight rise in the demand for industrial and commercial loans along with the loans for commercial real estate.
The officials from the Department of Housing and Urban Development, Justice Department and 10 state attorneys general met with representatives of 14 largest mortgagers of the U.S. and reached a settlement to compensate house owners who incurred losses due to faulty foreclosures.
The banking system came almost to a halt after banks in Ivory Coast failed to deliver cash to hundreds who have lined up outside to withdraw cash. The banks have cited liquidity and security problems which arose after the disputed No. 28 elections, last year.
Bank of America (BOA) on Wednesday announced that it would take steps to help mortgage borrowers who owe significantly to the bank.