Banking Sector

Societe Generale replaces chief three months after fraud scandal

Societe Generale head Daniel BoutonParis - Societe Generale head Dani

Merrill Lynch reports 1.97 billion dollar 1st-quarter loss

New York  -  US financial concern Merrill Lynch reported Thursday it suffered a net loss from continuing operations of 1.97 billion dollars in the first quarter of 2008 in what it called a "challen

JP Morgan Chase profits down one-half in 1st quarter

New York  -  US banking group JP Morgan Chase reported Wednesday that its net income fell some 50 per cent to 2.37 billion dollars in the first quarter of 2008, reflecting the ongoing turmoil in US

RBI Signs MoU With Uttar Pradesh Govt.

The Reserve Bank of India (RBI) has signed up a memorandum of RBIunderstanding (MoU) with the Uttar Pradesh

Singapore bank signs deal with Chinese bank card association

Singapore BankSingapore - United Overseas Bank (UOB) has signed a deal with a Chinese bank

DCB denies merger plans with any bank

Mumbai-based Private Sector lender, Development Credit Bank (DCB) on Thursday clarified that the bank is not in discussion with any bank for merger

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