It is the third year since Swiss banks made public a list of accounts lying dormant without any trace of owners and no claimant has come forward for those with Indian links, even as a political slugfest continues in India over alleged black money parked there.
Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them.
Rising for the third session, the Nifty 50 index climbed 94.35 points to end at an over five-month high of 10,947.25 today on broad-based buying led by energy, realty, metal, banking and auto sectors.
Hiring activity increased by nine per cent in June 2018, on a year-on-year basis, according to a jobs site which tracks the numbers.
CBI has sought deputation of banking and tax experts from other ministries with an offer of good monetary incentives.
Australia and New Zealand Banking Group (ANZ.AX) has behaved inappropriately when dealing with a number of indigenous clients, a powerful misconduct inquiry into the country’s financial sector heard on Friday.
Lloyds Banking Group (LLOY.L) has made compensation offers worth 76 million pounds ($100.46 million) to victims of a fraud at its HBOS Reading unit, lawmakers said.
More than a dozen employees at Lloyds will be spared criminal trial for their part in the alleged rigging of the Libor benchmark, after Britain’s SFO closed its investigation due to lack of evidence.
This week began with a proposal for a national asset management company, or bad bank, as if 21 state-run lenders weren’t enough bad banks.
Sebi is believed to have found ICICI Prudential MF in violation of rules during the last day bidding for IPO of the group firm ICICI Securities and has asked the fund house to pay back Rs 240 crore, with 15 per cent interest, to its five schemes from which the money was taken for the shares.