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CITIBANK ERROR
Oracle appoints new CFO with $950,000 pay package less than a week after laying off 30,000 employeesOracle, which is facing criticism as it laid of around 30,000 employees, has hired its new chief financial officer, Hilary Maxson. In a reg...- CA once left Rs 60 LPA job. Today, his net worth is over Rs 700 croreAman Gupta left a lucrative Rs 60 lakh job to pursue his entrepreneurial vision, co-founding boAt. Despite initial rejections, his persiste...
- Delhi HC flags credit card harassment, directs RBI to strengthen grievance systemThe Delhi High Court has issued new directions to safeguard credit card users after a city lawyer faced harassment over unauthorised transa...
- US bank reserves nosedive to $2.8 trillion, crash to 4-year low - analysts say crisis could be nearUS bank reserves fall to 4-year low as liquidity fears surge. Fresh Fed data shows reserves have plunged to about $2.8 trillion, down from ...
- All about Sumant Kathpalia, who resigned from IndusInd Bank amid derivatives discrepancies rowSumant Kathpalia, IndusInd Bank's MD and CEO, resigned amidst a derivatives portfolio controversy. The resignation follows the bank's discl...
- Sumant Kathpalia resigns as IndusInd Bank CEO, takes 'moral responsibility' of the derivatives debacleIndusInd Bank CEO Sumant Kathpalia resigned following the revelation of significant losses linked to misaccounted derivative trades, taking...
- Citigroup in talks to recoup errant $500 mln Revlon loan paymentIn a Thursday filing in Manhattan federal court, lawyers for the bank and the lenders said they have been discussing a "consensual resoluti...
- Citi's $900-mn Revlon 'blunder' may get more painfulThe cosmetic giant filed for Chapter 11 bankruptcy protection recently.
- Post pandemic, customers find EMIs affordable: EzetapBuying ability of consumers across the country has been significantly reduced due to the pandemic. They are either avoiding a single big pa...
- US judge: Citigroup can't get back $500 million it wrongly paid outThe case centers on payments totaling some $500 million Citigroup sent in August 2020 to 10 financial companies who were parties to a term ...
- Citigroup trial reveals chain of gaffes that led to the $900 million blunderAt the heart of the breakdown was a system known inside the bank as the “six eyes” approval process. Under the six-eyes protocol, three peo...
- Bank error in your favour: Citi’s fight to reclaim $900 millionUnless there’s a last-minute settlement, the trial -- over one of the biggest banking errors in recent memory -- will be closely watched on...
- Citigroup cites $900 million human error. Lenders are puzzledThe bank — which said it has been in the process of upgrading its loan operations platform after a review it undertook last year — said it ...
- Citi’s $900-million ‘clerical error’ is worst Wall Street bungle in a long timeThe "clerical error" has plunged the bank into a battle between the Perelman empire and a corps of sharp-edged investment funds that have b...
- Sign In: The growing relevance of e-signatures for bankingAccording to a 2017 Forrester study, the market for e-signature software and services is expected to grow at 60% percent CAGR between 2015 ...
- BSE faces Sebi flak over NMDC share saleSebi rules mandate that the placing of orders and funds on the exchange system in an OFS should take place during the trading hours only.
- Mumbai-based company helps firms send top performers on tailor-made toursThis June, Subodh Menon, creative director at Lowe Lintas, was shown the locations of Woody Allen’s movie ‘Midnight in Paris’
- Oracle Flexcube client FINO turns competitorIn what could be a setback for Oracle’s financial software business in the country, one of its flagship microfinance customers - FINO, has ...
- Beware of multiple credit card trapCarrying many cards could have its own disadvantage such as tracking errors, missing payment dates or ignoring a wrong entry. Make most of ...
- Check that EMI scheme you didn’t ask forThe offer is merely a deferred payment option for the customer, with zero interest and no charge whatsoever.
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