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Fill SC vacancies by December 31, address grievances by October 31, Finance ministry tells banks

Fill SC vacancies by December 31, address grievances by October 31, Finance ministry tells banks

[ad_1] The finance ministry has directed all public sector banks to fill vacant posts reserved for Scheduled Castes (SCs) by December 31 and address all grievances of SC consumers and employees through a special drive by October 31. The decision came at a meeting convened by finance minister Nirmala Sitharaman with

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Pension fund panic led to Bank of England’s emergency intervention: Here’s what you need to know

Pension fund panic led to Bank of England’s emergency intervention: Here’s what you need to know

[ad_1] The Bank of England on Wednesday launched a historic intervention in the U.K. bond market in order to shore up financial stability, with markets in disarray following the new government's fiscal policy announcements.Bloomberg | Bloomberg | Getty ImagesLONDON – The Bank of England launched a historic intervention to stabilize

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Despite the Fed’s big rate boost, most banks will still pay paltry interest rates

Despite the Fed’s big rate boost, most banks will still pay paltry interest rates

[ad_1] Jerome Powell, Federal Reserver Governor.Katie Kramer | CNBC The Federal Reserve just raised its benchmark interest rate by half a percentage point, its largest such move in more than two decades, as it seeks to tame inflation.The central bank's actions mean that, in an era of sharply rising prices

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Buy now, pay later will soon affect your credit score in the UK

Buy now, pay later will soon affect your credit score in the UK

[ad_1] Buy now, pay later giant Klarna says it will start reporting data on customers' usage of its products to credit bureaus in the U.K., gearing up for incoming regulations aimed at reining in the sector over fears it is putting young people into debt.Starting June 1, the Swedish fintech

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Goldman Sachs CEO David Solomon says in-person attendance tops 50% after return-to-office push

Goldman Sachs CEO David Solomon says in-person attendance tops 50% after return-to-office push

[ad_1] Goldman Sachs CEO David Solomon's campaign to summon more of his employees back to the office is a work in progress that could take years, he said.In-person attendance at U.S. offices is between 50% and 60%, down from a pre-Covid figure of roughly 80%, Solomon told CNBC's David Faber

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This Singapore firm helps banks open branches in remote locations for just $150

This Singapore firm helps banks open branches in remote locations for just $150

[ad_1] An Indian-origin banker who was so consumed by the idea of making banking accessible for the unbanked, that he poured his entire life savings into a start-up here that enables banks to set up branches in remote locations for just USD 150. Ram Sharma, a permanent resident in Singapore,

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Bank stocks, once a Buffett favorite, take a back seat at Berkshire Hathaway amid recession worries

Bank stocks, once a Buffett favorite, take a back seat at Berkshire Hathaway amid recession worries

[ad_1] Warren Buffett, Chairman and CEO of Berkshire Hathaway.David A. Grogan | CNBCWarren Buffett has begun to unleash Berkshire Hathaway's massive cash stockpile in recent weeks, snapping up an insurer and multi-billion dollar stakes in energy and computer corporations.But his recent moves are more notable for what he has avoided

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