Latest News for: bank failure

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How tariffs have shaped the U.S. auto industry for decades

Detroit news 01 Apr 2025
Import tariffs were once the main source of revenue for the federal government ... plants for exports ... revenues ... The stock market crash of 1929, overproduction and banking failures contributed to the worst economic downturn in the country's history ... plants.
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UK savers could have up to £110,000 protected under regulator’s new plan

The Observer 31 Mar 2025
“The events of 2023 in the banking sector, including the failure of Silicon Valley Bank UK Ltd, while not requiring FSCS involvement, highlighted the importance of depositor protection in supporting confidence in the financial system.
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Mushrif claims legitimacy of demonetised currency in Maharashtra district central cooperative banks, warns of deterioration risk

The Times of India 31 Mar 2025
... a 'Tughlaqi decision', a term often used for a wrongly conceived idea that sparks chaos and failure.'If govt believes the money lying with DCC banks is black money, then it should initiate an inquiry.
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“It Is Deeply Disappointing That Regulators Need to Take These Actions Today”: RBA Governor Slams ASX

Finance Magnates 31 Mar 2025
RBA and ASIC Downgrade ASX Over CHESS Settlement Failure ... Regulatory Concerns Mount After December Failure. The regulatory actions follow a significant CHESS batch settlement failure on December 20, 2024, which disrupted Australia's equities market.
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Stricter oversight needed as financial misconduct drives risk-taking in banking, says study

Phys Dot Org 31 Mar 2025
Their findings, published in the Journal of Banking & Finance, show that banks referred to authorities for violations—ranging from misrepresentation to failures in anti-money-laundering systems—are ...
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CAPPA Faults World Bank’s Reforms for Water Supply in Ekiti, Rivers, Bauchi

This Day 31 Mar 2025
... by international financial institutions, particularly the World Bank, and reveals a disturbing pattern of systemic failures that continue to compromise water access for millions of Nigerians.
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PRA Proposes Raising FSCS Deposit Protection Limit to £110K for CFD Traders

Finance Magnates 31 Mar 2025
The FSCS typically protects up to £85,000 of a depositor’s money in the event of a bank, building society, or credit union failure ... in the past three years, mainly for small credit union failures.
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The mirage of AI: South Africa’s reality check on the tech ‘utopia’

Mail Guardian South Africa 31 Mar 2025
The financial sector provides a stark example of AI’s failures. The rapid integration of AI in banking and lending has not democratised access to credit but has instead intensified predatory lending practices.
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The Woman In The Yard Review: I'm Not Sure If It's Worse When It's Boring Or When It’s Nonsensical

Cinema Blend 31 Mar 2025
The Woman In The Yard. (Image credit ... Rating ... It banks on audiences being terrified for 60-plus minutes by an ominous presence alone, and it’s a failure.When things do finally start happening in The Woman In The Yard, it’s chaotic nonsense ... .
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GujRERA prevents bank from seizing properties of allottees

The Times of India 30 Mar 2025
It also said that the bank should return the possession in case it took it.'The situation arose when approximately 40 home buyers approached GujRERA following the builder's failure to complete the ...
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Home equity could be a $35 trillion lifeline for Americans if recession strikes. Here's what ...

Business Insider 30 Mar 2025
"If you don't repay it, then that could bring a risk to ultimately your shelter," Matt Vernon, head of consumer lending at Bank of America, told Business Insider.
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‘Important developments’ on Cyprob

CyprusMail 30 Mar 2025
“Before Geneva, the Turkish side was opposed to such a prospect.” ... “Before Geneva, Turkey was banking on failure and deadlock to push its narrative for changing the basis of a solution,” Christodoulides added ... ....
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Experts Re-Ignite Conversations on Acceptable Corporate Governance Culture in Nigeria

This Day 30 Mar 2025
Business . 53 minutes ago ... Similarly, the collapse of banks like Oceanic Bank and Intercontinental Bank was said to have been driven by insider abuses, weak risk management, and regulatory failures ... Unveiling the AFG Model ... A quote from George A ... Prof ... .
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Modi govt’s cronyism, mismanagement crippling banks in India: Rahul Gandhi

Kashmir Media Service 29 Mar 2025
Gandhi also shared a video of his meeting with a delegation of former ICICI Bank employees who suffered due to these systemic failures ... Cronyism, coupled with regulatory mismanagement has pushed India’s banking sector into crisis.
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Broke bartender who went on bender buying jets, hookers, and horses after discovering ATM loophole ...

The Daily Mail 29 Mar 2025
Here, FEMAIL revisits the case of one of the world's most bizarre banking failures - and the man who profited from it. ... With this crucial bit of information, Dan understood there was a ‘lag between what the ATM gave me and what my bank balance was’.
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