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MONEY & BANKING (The Hindu) CREDIT MARKET: Credit growth target for PSU banks set at 20% Govt to influse Rs 16,500 cr capital in the form of cash. The Government had set public sector banks a target of 20 per cent for credit and deposit growth for fiscal 2010-11, said Mr R Gopalan, Secretary, Financial Services. More . . . Dodd's 2nd shot at financial reform still leaves loopholes (USA Today) Trying to fix the broken U.S. financial system is no way to win a popularity contest. Standing by himself, Christopher Dodd, chairman of the Senate Banking Committee, on Monday announced his second attempt to plug loopholes in financial regulation and find ways to prevent a repeat of the crisis that overtook Wall Street in late 2008. His first attempt was declared dead on arrival last fall by ... More . . . Tories vow to introduce banking tax (AFP via Yahoo! News) The Conservatives pledged Saturday to impose a US-style tax on banks to claw back money spent bailing them out, just weeks before a general election they are tipped to win. More . . . Lehman Brothers: accounting to us all | David Davis (Guardian Unlimited) Lehman's case shows how auditors accepted banks' machinations, instead of acting for the public good Last month, two weeks before he died, Sir Brian Pitman, a chief executive and then chairman of Lloyds for 18 years and one of the wisest commentators on today's banking crisis, appeared before the Future of Banking Commission . He said "One of the great differences between banking, financial ... More . . . David Prosser: An unlikely windfall from the financial crisis? (Independent) Whisper it quietly, touch some wood and cross your fingers, but British taxpayers may yet come to view the worst financial crisis since the Great Depression as a nice little earner. It looks increasingly likely that all the billions pumped into our deadbeat banking sector will eventually come back to us – with some profit thrown in. More . . . MONEY & BANKING (The Hindu) FINANCIAL POLICY: Repo, reverse repo rates hiked by 25 bps Move to contain inflationary pressures. The Reserve Bank of India on Friday moved to stem inflationary pressures by raising its key policy rates – repo and reverse repo – by 25 basis points each with ... More . . . FinovateSpring 2010 Announces Companies Selected to Showcase the Future of Financial and Banking Technology (Business Wire via Yahoo! Finance) SEATTLE----On May 11, 36 companies will take the stage at FinovateSpring 2010 in San Francisco to showcase cutting-edge financial and banking technology innovations. Finovate events are known for their focus on fast-paced demos and single-track format so all attendees see every innovation in one action-packed day. More . . . Senate GOP Will Keep Options Open on Financial Legislation (CQPolitics.com via Yahoo! News) The Senate Banking Committee's top Republican said the GOP will "keep our options open" for the March 22 markup of legislation that would overhaul the nation's financial system. More . . . FDIC chief: Financial reform bill must completely end 'too big to fail' (USA Today) The head of the Federal Deposit Insurance Corp. said Friday loopholes need to be filled in new Senate legislation to ensure an end to the disastrous "too-big-to-fail" approach that brought the government rushing in to bail out big banks in the financial crisis. More . . . Citizens South Banking Acquires Bank of Hiawassee in FDIC Assisted Transaction (citybizlist Atlanta) GASTONIA, N.C. -- Citizens South Banking Corporation (NASDAQ:CSBC) , the parent company for Citizens... More . . . Advertise on this page
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