Tag Archives: bank

Italy bans card payments in Vatican over money laundering

  Italian authorities have stopped all electronic payments inside the Vatican City after the Bank of Italy complained that it had failed to bring in new procedures to prevent money…

BRICS: The World’s New Banker?

The BRICS (Brazil, Russia, India, China and South Africa) bloc has begun planning its own development bank and a new bailout fund which would be created by pooling together an estimated…

India’s Finance Minister Pitching For Consolidation In The Banking Industry

Pitching for consolidation in the banking industry, Finance Minister P Chidambaram today said India would need one or two global-size banks as it marches ahead to become the world’s third…