financial institutions

The story so far: On May 12, the RBI stated that some banks and financial institutions were yet to facilitate an absolute transition away from the London Interbank Offered Rate (LIBOR) benchmark. They had not inserted fallback clauses into…

Swiss bank Credit Suisse said on March 16 it will move to shore up its finances, borrowing up to $54 billion from the central bank after its shares plunged, dragging down other major European lenders in the wake of bank failures in the…

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The Reserve Bank of India (RBI) on Thursday said that banks and other financial institutions outsourcing their information technology (IT) services to third parties must take care that such arrangements do not impact their obligations…