Loans

Mehul Choksi claims innocence in PNB fraud with open letter

MUMBAI (Reuters) – Mehul Choksi, one of two businessmen allegedly involved in India’s biggest bank fraud ever, broke his silence over the weekend with an open letter to employees claiming his innocence and telling them to look for other jobs. Pedestrians walk past an office of the Punjab National Bank …

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Unemployment pushes more people out of their homes

A ascend, it seems, brings in another. © Eaux de Lannis A man sits at his camp in the “tent city” of John Prince Park on Friday August 21, 2020 in Lake Worth. In the past six weeks, the county has evicted homeless people from the 726-acre park. “It’s like …

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Banks’ vocal frustration with technology providers

Community banks express frustration with what they say is a lack of market competition for enterprise banking technology providers, reports in The Wall Street Journal said Thursday (April 11). Companies such as Fiserv, Fidelity National Information Services (FIS) and Jack Henry & Associates control the majority of basic banking services …

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TD “Very Open” to Major US Bank Transaction

Toronto-Dominion Bank chief executive Bharat Masrani said he was still interested in a major acquisition to add to the company’s U.S. retail operations and was not baffled by the recent surge in valuations of regional lenders who would be his most likely targets. “When it comes to major mergers and …

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