Global Banking Directory
Press Release Distribution Service
Add Bank | Banking Forum | Scam emails!
Advertise Your Business Here
BanksDaily Twitter BanksDaily FaceBook BanksDaily LinkedIn

Financial and Banking News

ING receives 10bn euros capital injection

ING, which is one of the world's largest banks, is to receive a €10 billion cash injection from the Government. The bank, which has 85 million customers worldwide, is the latest bank to be hit by the global credit crisis.

The bank recently took over 180,000 accounts from collapsed Icelandic banks Kaupthing Singer & Friedlander and Heritable Bank. It also took over the failed UK investment bank Barings in the 1990s.

As a result of the cash injection, the Government will receive preference shares in ING, the shares will pay the Government interest of 8.5% annually. The funds will push up its Tier 1 capital ratio from 6.5% to around 8%.

ING has over one million savers in the UK and has grown strongly following its attractive savings products. It has often appeared in best-buy tables.

ING has been the first Dutch bank to apply for help after the Government announced recently it had put aside €20 billion to support Netherlands banks if necessary.

The bank is scrapping its dividend payout to shareholders, while top executives have agreed to forfeit their annual bonuses and restrict their pay-offs to a maximum of 12 months salary.



Source: Financemarkets
Date: 20.10.2008 [201]

Financial and Banking News
 Trump blasts Bitcoin, Libra, demands they face banking regulations

U.S. President Donald Trump on Thursday criticized Bitcoin, Facebook's proposed Libra digital coin and other cryptocurrencies and demanded that companies seek a banking charter and make themselves subject to U.S. and global regulations if they wanted to "become a bank." 11.07.2019 | Source: Reuters

 25th World Islamic Banking Conference announces 4th series of WIBC Leaderboard

Top performing Islamic Financial Institutions from Bahrain, Egypt, Indonesia, Jordan, Kuwait, Malaysia, Oman, Pakistan, Turkey, UAE and Saudi Arabia are vying for the WIBC Awards recognizing the Best Performing Banks at the Global and Regional level. 28.10.2018 | Source: MEGA

 Financial technologies are need of the hour for Banks in India

The Indian FinTech space is expected to reach $2.4 billion by 2020 and 2018 will be a critical year in that journey because 52 % of India's digitally active consumers are adopting FinTech and are the driving force for new technology adoptions. 02.03.2018 | Source: Explore Exhibitions and Conference

 📰 News Archive

2019 © Global Bank Directory | Rus