The Daily Dig for Monday, June 8

India’s postal offices to serve unbanked

Part of Prime Minister Modi’s financial inclusion plan is to make banking more convenient by offering some services at postal offices. It is hoped this will attract the rural unbanked, writes Jayanta Roy Chowdhury.

Big banks admit submitted fake Libor data

Even though some officials knew of the practice they did not act, writes David Enrich.

Basel conference warns of letting banks weigh own risk

The Joint Forum at the Basel Conference has warned against letting banks have too much discretion in weighing their own risk assessments. James Eyers reports.

IMF expect several banks to fail living will submissions

Big banks have until July 1 to submit living wills to regulators, but analysts are already expecting many to fail. Mark Melin reports.

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