First Republic Bank To Receive USD 30 Bn Lifeline From Largest US Lenders

CNN Business said Yellen had driven the effort from the government side, while Dimon led the effort to organise the bank executives that would eventually get behind the dramatic infusion of deposits

Delay In IMF Deal May Cause Pakistan To Pause Repayments, US Bank Warns

A top official source said the revival of the IMF programme will allow Islamabad to increase required dollar funding from all possible avenues, including getting rollover of upcoming China's SAFE deposits to the tune of USD 2 billion under the planned schemes

US Banks Collapse: Indian Stock Indices Fall Sharply Over Selloff In Banking & Financials

Initially, the indices started Monday's trade on a positive note but soon erased them. Sensex closes at 58,237.85 points, down 897.28 points or 1.52 per cent, whereas Nifty closed at 17,154.30 points, down 258.60 points or 1.49 per cent

Foreign Focus

Google Takes Wraps Off Pay-By-Phone System