G-III Apparel sets downbeat outlook on key license expirations
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Citibank hit with £5m fine for violating UK sanctions on Russia
Citibank has been hit with a fine of nearly £5m after regulators found it violated the UK’s sanctions regime on Russia. The Wall Street giant’s London branch was found to have processed £19.7m in illicit transactions spanning 970 payments.
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Pernia’s Pop-Up Shop IPO crosses overall subscription on final day despite NII shortfall
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Indian banks raise over $136 bn via RBI forex swap, FCNR(B) deposits dominate inflows
India's banking system attracted over $136 billion through a special Reserve Bank of India swap facility. Foreign currency non-resident deposits accounted for the largest portion of these substantial inflows. This strong response prompted the Reserve Bank of India to close deposit mobilization earlier than planned.