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France Hates Facebook’s Libra So Much it’s Developing its Own Digital Currency
Cryptocoin News 06 Dec 2019
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Mumbai: State bats for merger of PMC Bank into MSCB
Yahoo Daily News 06 Dec 2019
PMC Bank had total deposits of Rs 11,617 crore as on March ... As far as the MSCB is concerned, it is a Scheduled Bank which provides a wide range of banking services, including Retail & Wholesale Banking, domestic and International remittances and Treasury operations using modern technology. ....
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Ahd: Rs 5L stolen while man bargains for tomatoes
The Times of India 06 Dec 2019
AHMEDABAD ... You read that right ... In his FIR with Sabarmati police, Mangaji Thakor, 52, a groceries wholesaler, said that on Thursday evening he had withdrawn Rs 5 lakh cash from the Motera branch of a nationalized bank ... Vala said the cops suspect that the men may have followed Thakor after he withdrew the money from the bank ... Ahmedabad. City. ....
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Posthaste: Canada’s banks wrap up worst year since financial crisis — and jobs carnage
Canada Dot Com 06 Dec 2019
Based on the Bank of Canada’s rule that every $5 billion of fiscal stimulus roughly equals a quarter-point rate cut, this “could preclude a couple of rate chops, all else equal,” Guatieri said in his morning note. The Bank has cited fiscal support as one source of ‘resilience’ for the Canadian economy....
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Payments banks may convert to a small finance bank after 5 years of business
Live Mint 05 Dec 2019
The promoter of a payments bank is eligible to set up an SFB, provided that both banks come under the non-operating financial holding company (NOFHC) structure, according to the guidelines ... Rajan had also proposed differentiated licences for wholesale banking and custodian banking to make the sector more diverse....
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Thailand and Hong Kong in Crypto Collaboration With Cross Border Token Project
NewsBTC 05 Dec 2019
Central banks are increasingly looking towards more efficient payment methods and crypto tokens are filling that role ... According to the Hong Kong Monetary Authority (HKMA), the second tier involves the banks distributing these crypto tokens to their corporate customers for settling wholesale payments....
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TD revenue up, earnings slip in what the bank calls a ‘challenging environment’
Canadian Business 05 Dec 2019
The bank says it earned $2.86 billion or $1.54 per share in the quarter ending Oct ... retail banking saw earnings rise, while income from wholesale banking was down $126 million, or 44 per cent, from a year earlier on impacts of derivative valuation charges connected to upgrades to the valuation system and related methodologies....
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Rs 5 lakh stolen while man bargains for tomatoes
The Times of India 05 Dec 2019
Ahmedabad ... You read that right ... In his FIR with Sabarmati police, Mangaji Thakor, 52, a groceries wholesaler, said that on Thursday evening he had withdrawn Rs 5 lakh cash from the Motera branch of a nationalized bank ... Vala said the cops suspect that the men may have followed Thakor after he withdrew the money from the bank ... Ahmedabad. City. ....
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The Record
05 Dec 2019
Rabobank Presents 2019 Food and Agribusiness Industry Leadership Awards
The Record
05 Dec 2019
The growing chain has made great strides in reducing in-store plastic packaging and single-use plastics and donates about 14 million pounds of food to local food banks each year ... Rabobank Group is a global financial services leader providing wholesale, rural and retail banking, leasing, and real estate services in more than 39 countries worldwide....
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Fintech Lending Stocks Have Been a Bust. Here’s Why.
Barrons 04 Dec 2019
Diana notes that LendingClub is the only public fintech that still operates a marketplace-like model, and most of its funding comes from institutions and banks, not retail investors. The latest silver bullet that fintech lenders are reaching for is a bank charter....
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Dothan Eagle
04 Dec 2019
Grain Elevators Facing Tighter Margins, Revenue Pressures in 2020
Dothan Eagle
04 Dec 2019
CoBank is a $136 billion cooperative bank serving vital industries across rural America ... The bank also provides wholesale loans and other financial services to affiliated Farm Credit associations serving more than 70,000 farmers, ranchers and other rural borrowers in 23 states around the country....
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