Siliconvalley Banking

Latest News for: Siliconvalley banking

Alexa, I can trust you with my checkbook, right?

Winston-Salem Journal 24 Jun 2018

NEW YORK — Hey Alexa, what’s my bank account balance?. Big >banks and financial companies have started to offer banking through virtual assistants — Amazon’s Alexa, Apple’s Siri, and Google’s Assistant — in a way that will allow customers to check their balances, pay bills and, in the near future, send money just with their voice ... Regional banking giant U.S. Bank is the first bank to be on all three services — Alexa, Siri and Assistant....

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Forced asset sales by banks destroying farmers' lives, Nationals senator says

The Observer 24 Jun 2018

Williams said he hoped the banking royal commission would investigate the practice when it looked at farming finance, and added that section 420A of the Corporations Act was a “toothless tiger” that was not being enforced ... Treasury chief labels banking revelations 'troubling' ... Australia’s big banks have been preparing for the next fortnight, and the bank chief executives have met federal politicians in Canberra....

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Against the grain: Australian banks face rural lending reckoning

This is Money 24 Jun 2018

SYDNEY, June 24 (Reuters) - Australian potato farmer Tom Fox says he had never missed a bank payment in two decades before a delay sending a shipment to Indonesia during a trade dispute between the countries prompted his lender to force him into receivership in 2013 ... But the bank didn't see the difference when he reported the shipping delay, he says, and called in a receiver....

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Economic anarchy increasing: Shiv Sena

Indian Express 24 Jun 2018

Referring to the recent action against senior officials of Bank of Maharashtra (BoM), the Sena raised questions over alleged inaction against chairpersons of ICICI Bank, Punjab National Bank and other banks for ‘giving loans illegally’ ... “The bad loan of more than 1.44 lakh crore has been written off in the country and many big people and nationalised banks are involved in it....

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Tax amnesty scheme: SBP unveils guidelines for investment in dollars-denominated bonds

The News International 24 Jun 2018

The central bank on Saturday unveiled the procedures for individuals who want to invest their undeclared liquid local or foreign assets into dollars-denominated bonds, as the deadline for the tax amnesty scheme is fast approaching.The State Bank of Pakistan (SBP) said it will open a subsidiary general ledger account of the taxpayer after receiving ......

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Deposit protection

Dawn 24 Jun 2018

IT has been a decade in the works, but the eventual announcement by the State Bank of the launch of a deposit protection scheme for banks is a big achievement and was much needed. The scheme provides for protection for depositors in the event of a bank failure ... It is undoubtedly difficult for the State Bank to furnish similar protections to these, even though this is one area where there is a real example of freezing having occurred....

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Emotional bank inquiry farm hearing begins

This is Money 24 Jun 2018

Emotional stories of farmers being kicked off the land that has been in their family for generations are expected to be aired at the banking royal commission. But Nationals Senator John Williams does not want the inquiry to lead to such strict regulations being placed on the banks that they don't lend to farmers ... "I'm very confident the sentiment of sympathy is growing in the banks when it comes to handling the family farmer," he said....

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Indian Crypto Exchanges Prepare for RBI Ban – New Trading Tools, No Fiat

Bitcoin 24 Jun 2018

As the start of the crypto banking ban by the Reserve Bank of India approaches, cryptocurrency exchanges in the country are preparing to stop fiat deposits and withdrawals while boosting crypto-to-crypto trading ... The date for India’s crypto banking ban imposed by the Reserve Bank of India (RBI) is drawing near. All regulated banks and financial institutions must stop servicing cryptocurrency exchanges by July 5....

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China has over 7 billion bank cards

China Daily 24 Jun 2018

BEIJING — China had issued 7.03 billion bank cards by the end of 2017, meaning each Chinese person has about 5 cards on average, according to a new industry report ... Banking Association....

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Banker demands sexual favours from farmer's wife to clear loan

DNA India 24 Jun 2018

A manager with the Central Bank of India and his aide allegedly demanded sexual favours from a farmer's wife in order to approve a crop loan in Maharashtra's Buldhana district. According to the local police, both bank manager Rajesh Hivase and his aide Manoj Chavan were absconding since the incident was registered on Thursday ... They had also registered the police complaint against bank manager and peon,” said the police....

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Four held for duping bank of Rs9L

The Times of India 24 Jun 2018

The Economic Offences Wing (EOW) of the city crime branch has arrested four persons, including a bank official, for duping Punjab National Bank’s (PNB) Seminary Hills branch of Rs9 lakh between 2014 and 2018....

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A newly discovered history of South Deerfield

The Recorder 24 Jun 2018

Soon the assistant office manager for the South Deerfield branch of Greenfield Savings Bank began digging up newspaper archives and asking around to learn more about her backyard. These interests have led to a full-on gallery of historic photos and clippings from South Deerfield at the bank’s branch on North Main Street. On Friday the bank first ......

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Bank of Maharashtra employees to CM Devendra Fadnavis: Arrests bad in law, send wrong message

Indian Express 24 Jun 2018

In a letter to Chief Minister Devendra Fadnavis, the All India Bank of Maharashtra Employees Federation (AIBOMEF) has protested against the arrests of the bank’s top officers and sought action against officials of the Pune City Police who had arrested the bankers as, according to the Federation, such arrests were “bad in law” ... Bank of Maharashtra Devendra Fadnavis....

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