CHINA PBC CONDUCTS REVERSE REPOS OF 10 BILLION YUAN

Highlights –

• People’s Bank of China (PBC) set interest rate for the seven-day reverse repos at 2.2 percent.
• China's yuan weakened against a basket of currencies last week.
• China's interbank treasury bond index in net pri...

CHINA’S WEALTH MANAGEMENT PRODUCTS & PROPERY LOANS RISE IN Q1

Highlights –

• China’s wealth management products & property loans rise in Q1.
• At the end of March, China’s banking system had about $3.87 trillion of outstanding wealth management products.
• China's outstanding prope...

S. KOREA’S SALES IN ELS FALL MORE THAN 30% IN Q1 2021

Highlights –

• S. Korea’s sales in ELS fall more than 30% in Q1 2021.
• In Q1 the value of ELS issues came to US$16.8 billion.
• The figure was also down 10.3 percent from the 20.9 billion won from a year earlier.
• The outst...

S. KOREA’S SALES ON ELS DROP TO 30% IN Q1 2021

Highlights –

• S. Korea’s sales on ELS drop to 30% in Q1 2021.
• In Q1, the value of ELS issues recorded $16.8 billion.
• ELS based on South Korea's benchmark KOSPI tumbled 19 percent in Q1.
• As of end-march the outstan...

REGIONAL BANKS IN JAPAN TO RECEIVE ADDITIONAL INTEREST OF 0.1% BY BOJ

Highlights –

• Regional banks in Japan to receive additional interest of 0.1% by BOJ.
• BOJ to provide additional interest on the balance of current account deposits.
• BOJ would pay up to 50 billion yen a year to regional lenders.
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RBI DIRECTS YES BANK'S IBU TO STOP ACCEPTING FOREIGN CURRENCY DEPOSITS

Highlights

• The Mumbai-based private sector lender is hoping to raise Rs 15,000 crore with the help of the FPO

• The letter dated May 22, the RBI asked IBU to comply with the restriction within the period of 12 months

• The RBI on many instances had f...

EXPERTS FORECAST AN INEVITABLE SHALE DECLINE AS OIL PRICES REACH ALL-TIME LOW

Highlights:

• The U.S. shale industry continues to show signs of rapidly slowing down over the weeks.

• Production declining in major shale basins outside of the Permian reported by sources.

• Overwhelming economic st...

EQUINOR DISCONTINUES CONTROVERSIAL OIL DRILLING PLANS ON GREAT AUSTRALIAN BIGHT

Highlights:

• On Tuesday, Equinor claimed a review of its global exploration portfolio pointed towards better opportunities for new fields elsewhere.
• Equinor has decided to scrap out its plans to drill the Stromlo-1 exploration too because the opportuni...

JAPANESE FOOD BUSINESS OWNERS ARRESTED FOR ILLEGAL PRACTICE

Highlights:

• Kefir is a food business initiative that was run on the mail-order service
• The company had previously in 2018 filed for bankruptcy

The third week of February witnessed 9 people getting arrested under charges of illegal pr...

FDIC announced changes to the limitations on brokered deposits

The Federal Deposit Insurance Corporation ("FDIC") announced changes to the limitations on brokered deposits (the "Proposal") on 12 December 2019.11 The Proposal seeks to modernize the FDIC's brokered deposit system and to amend both the statutory rules for brokered deposi...

It is time for India to end Yes Bank’s ridiculous theater

Regulators need to step in and end the farce called Yes BankNSE-5.92 percent Ltd before it results in a tragedy for all of India's banking sector. The latest shenanigans make it very clear that spectators need to stop being the authorities— and act.

The original cast disappear...

How to choose a bank in U.S.?

Above all, you have to find a bank that operates very well with your expenditure. Several banks, before you can open an account, require you to deposit a certain amount. Some don't. You must not hesitate to pick a bank that has no deposit criteria if you are dealing with a tight budget. It is...

Deposit Insurance Corporation observes 14,100 crore claims during PMC crisis

The Deposit Insurance and Credit Guarantee Corporation has gotten a complete case of about 14,100 crore if there should be an occurrence of defaulting co-usable banks in the midst of huge trick at the now-disabled Punjab and Maharashtra Cooperative Bank, as indicated by the RBI.

In any ...

Lynas provides jobs and the transition of technologies

The cycle of rare earth processing begins with drilling in Mount Weld, Australia's Central Lanthanide Deposit (CLD).

The components will then be shipped for reprocessing to the Lynas Advanced Materials Plant (LAMP) in Gebeng, Kuantan.

Under the current leadership of Lynas,...

Scottish Government needs to ensure that its upcoming Deposit Return Scheme (DRS) is "accessible and accessible to all"

A report published by the Environment, Climate Change and Land Reform Committee of the Scottish Parliament calls on the Scottish Government to ensure that its upcoming Deposit Return Scheme (DRS) is' accessible and accessible to all.'

According to the Committee's report, Sco...

Ujjivan Small Finance Bank IPO, which will open on 2 December

Ujjivan Small Finance Bank's initial public offering (IPO) is expected on December 2 to be made available for subscription.

In the current 2019–20 financial year, this would be the 12th company to start the IPO mainboard. On 4 December the matter will stop.

Approval ...

UP group that bought protections in title of dead, busted

The Special Task Force (STF) of the state Police has busted a gang that duped insurance corporations by obtaining policies issued within the name of dead individuals and later claiming the cash.

Four members of the gang, as well as 2 former insurance agents, were a command from Moradaba...

Deposit cover to increase?

As the reports hit the market of India’s deposit insurance being worse than most of the nation in the world the insurance and banking sectors have been seeing major backlash from the people to change the deposit insurance cover.

There have been rumors as the news spread that the d...

ICICI giving free insurance

The insurance part of the finance sector has been seeing a declining trend and as this happens it is hurting the economy and eventually, the impact will grow to a great extent. The banks and insurance companies are now launching schemes to lure people into the insurance sector to revive insurance...

First Health Insurer Announces Premiums - Much Higher Than Expected

DSW is that the initial health non-depository financial institution within the Kingdom of The Netherlands to announce its 2020 monthly premiums. the govt. declared that they expected premiums to rise by 3 euros a month in their governmental budget set up, however, DSW is putt premiums up double that...