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RBI may allow partial SLR conversion to meet Basel-III norms
The Basel III framework, which was adopted in the wake of the 2008 global financial crisis to safeguard banks in case of stress, seeks a higher liquidity coverage ratio that requires banks to hold marketable high quality liquid assets. #Reserve Bank of India #NewsTracker #Anand Sinha #Statutory Liquidity Ratio #Basel III framework
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Regulators ease key bank rule to spur credit for struggling economies
Global regulators gave banks four more years and greater flexibility on Sunday to build up cash buffers so they can use some of their reserves to help struggling economies grow. #WhyNow #Switzerland #Basel III #Global credit
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Gold is ready to take off again, and this time banks will drive it
New bank capital adequacy norms under Basel III may prompt central and commercial banks to buy more gold. Get ready for the ride #Gold #nifty #Chart View #Gold prices #Basel III
Wire
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Calcutta Telegraph
Central Bank in cash chase
Calcutta, May 19: The Central Bank of India plans to raise Rs 2,000 crore in fiscal 2013-14. “We are planning to raise about Rs 2,000 crore in the current year. This can ideally be either through qualified institutional placements or we can ask for funds #India #Kolkata
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Rediff
Goldman exits China's ICBC, 7 years, billions later
Goldman Sachs Group Inc raised $1.1 billion by selling its remaining shares in Industrial and Commercial Bank of China, ending a seven-year old investment and handing the Wall Street firm a return of nearly four times its original stake. Goldman's relati #Industrial and Commercial Bank of China #China #Wall Street
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Business Wire
Citigroup Announces Redemption of Series F Preferred Stock and Series T Convertible Preferred Stock
NEW YORK--(BUSINESS WIRE)--Citigroup Inc. is redeeming, in whole, all $94.3 million aggregate liquidation preference of Depositary Shares representing interests in its 8.5% Series F Noncumulative Preferred Stock (ticker “C Pr M”) (the “Series F Preferred #Citigroup #Securities and Exchange Commission




