Banking Sector

Merrill Lynch reports 9.7 billion dollars in writedowns

New York - Troubled investment bank Merrill Lynch, the country's third largest securities firm, late Thursday reported higher-than-expected second quarter losses, with writedowns of 9.7 billion do

OCBC bank revises exposure to US lenders

SingaporeOCBC Bank - Insurance funds run by a unit of Singapore's OC

Global banking group calls for improved risk management

Washington - A worldwide banking coalition on Thursday proposed reforms in how the international industry does business, in response to the global credit crisis that arose from the 2007 meltdown i

Bank jobs move to India angers New Zealand union

WellingtonANZ National Bank - The New Zealand financ

National Australia Bank to halve local workforce, outsource more jobs to India

Sydney, July 15: The National Australia Bank (NAB) plans to more than halve its local technology workforce and outsource jobs to India in the next five years, as part of its massive technology tran

SHCIL joins hand with IDBI for e-Stamping System

SHCIL joins hand with IDBI for e-Stamping System

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