UBS to cut more jobs to stay alive
UBS has posted a first-quarter loss and the bank has announced that they are cutting more jobs to stay alive in these tough times.
UBS would be cutting another 11 percent of staff. Chief Executive Oswald Gruebel said that the bank would post a first-quarter loss of nearly [...]
UBS announces a job cut
UBS has become the latest banking giant to announce a job cut to cut costs and enhance savings.
UBS has announced that they will slash over 2,000 jobs in its investment banking division.
The company is however unlikely to cut many jobs in their Indian operations.
UBS has posted a massive $6.9 [...]
ICICI Bank sends SMS to customers assuring them
Rumors in the market are so strong that ICICI Bank had to send SMS messages to their banking customers assuring them that their deposits are safe.
The message stated: “Please do not listen to baseless rumors”.
It also greeted the customers for the upcoming festive season.
ICICI Bank said that the [...]
UBS set to cut more jobs
UBS has announced that they are now planning to cut more jobs as part of their restructuring process.
The Europe based bank is hit hard by the credit crisis and they are now going to cut 2,000 more jobs from its investment banking unit.
The aim is to cut costs and [...]
K.V. Kamath: ICICI Bank is healthy and fine
Rumors in the market suggested that ICICI Bank was going to take a massive hit from the ongoing global credit turmoil.
Denying these rumors, ICICI Bank CEO K.V. Kamath has come out with a statement saying: “I just want to reiterate ICICI Bank is an extremely healthy institution. We [...]
Some customers of ICICI Bank are reporting that they are now increasing the minimum balance limit from Rs. 5000 to Rs. 10000.
This is sad news for all those customers who are not on any of their zero balance accounts.
This new limit is going to be applied starting July this year.
If the bank account [...]
State Bank of India now has more than 10,000 branches
State Bank of India has now become only the second bank in the world to have 10,000 branches.
SBI opened their 10,000th branch in Puduvayal district of Tamil Nadu.
The only other bank to have this distinction is the China’s ICBC Bank.
Union Finance Minister P Chidambaram spoke at [...]
Hello Money: Barclays Bank launches mobile banking facility in India
Barclays Bank has a very small presence in the Indian market. They are now trying to expand their availability by offering mobile banking facility to their customers.
The bank said that the service would allow the customers to make banking transactions from their phone.
The service is based [...]
