Financial Services, Industries
June 28, 2022
Via: DailyFXContractionary monetary policy is the process whereby a central bank deploys various tools to lower inflation and the general level of economic activity. Central banks do so through a combination of interest rate hikes, raising the reserve requirements for commercial […]
Financial Services, Industries
June 15, 2022
Via: ABC NewsThe European Central Bank’s rate-setting council will hold an unscheduled meeting Wednesday “to discuss market conditions,” with borrowing costs for several countries having increased after the bank said it would raise interest rates — bringing back bad memories of the […]
Financial Services, Industries
May 20, 2022
Via: Investing.comZurich Insurance has agreed to sell its Russian business to members of the local team, it said on Friday, as the Swiss insurer became the latest company to announce its exit from the Russian market. A slew of companies — […]
Financial Services, Industries, News
May 18, 2022
Via: ABC NewsThe U.S., several global development banks and other groups unveiled a multi-billion dollar plan Wednesday meant to address a worldwide food security crisis exacerbated by Russia’s war in Ukraine. The Treasury Department announced that several global development banks are “working […]
Financial Services, Industries
April 30, 2022
Via: Investing.comHSBC Holdings’ largest shareholder, Chinese insurance giant Ping An, has called for a break-up of the London-based bank, a source familiar with the matter said on Friday. Ping An has set out its plan to split the company to HSBC’s […]
Financial Services, Industries
March 11, 2022
Via: Sky NewsSky News understands that one of Goldman’s private equity funds is among four suitors for a stake in Nucleus that will value the business at about £700m. City sources said on Friday that the other bidders were Centerbridge Partners, GTCR […]
Financial Services, Industries
March 7, 2022
Via: Investing.comThe Senate of Virginia in the United States unanimously approved a bill amendment request that now allows traditional banks operating in the Commonwealth of Virginia to provide virtual currency custody services. Delegate Christopher T. Head introduced the bill, House Bill […]
Financial Services, Industries
March 4, 2022
Via: Markets InsiderTwo China-based development banks have paused relations with Russia and Belarus as it continues to wage war against Ukraine, the Financial Times reported Thursday. According to the report, the decision of the Beijing-based Asian Infrastructure Investment Bank to pause investments […]
Financial Services, Industries
March 2, 2022
Via: Payments DiveEuropean Union representatives agreed to remove seven Russian banks from the Society for Worldwide Interbank Financial Telecommunication (Swift), the Belgium-based global financial messaging service, Bloomberg reported Tuesday, citing anonymous sources. The banks are VTB Bank, Bank Otkritie, Novikombank, Sovcombank, Promsvyazbank, […]
Financial Services, Industries
February 23, 2022
Via: Investing.comGoldman Sachs Group Inc is exploring measures such as seizing vested pay to dissuade top bankers from leaving, Bloomberg News reported on Wednesday, citing people familiar with the matter. The bank is looking at confiscating vested stock – usually reserved […]
Finance Tech, Financial Services, Industries, Trading
February 22, 2022
Via: Investing.comShares in Russia’s two largest lenders, Sberbank and VTB, reversed early losses to trade higher on Tuesday after the state-controlled groups escaped British sanctions on Russian banks. British sanctions targeted Bank Rossiya, Black Sea Bank, Genbank, IS Bank and Promsvyazbank […]
Financial Services, Industries
January 27, 2022
Via: The Wall Street JournalIf you were born after 1980, the monetary tightening that the Fed said this week will begin in March will be unlike any you’ve seen. This is for two reasons, both unsettling for markets. First, when the Fed began raising […]
Financial Services, Industries
January 18, 2022
Via: Business TodayBritain’s payments regulator on Tuesday fined five payments companies including Mastercard a total of 33 million pounds ($45.01 million) for cartel behaviour involving prepaid cards issued to vulnerable people on welfare benefits. Mastercard received the largest fine of 31.56 million […]
Financial Services, Industries
January 5, 2022
Via: Markets InsiderIn the last 3 months, 6 analysts have offered 12-month price targets for Bank of New York Mellon. The company has an average price target of $63.67 with a high of $72.00 and a low of $59.00. Below is a […]
Financial Services, Industries
December 28, 2021
Via: Seeking AlphaI continue to assign a Hold rating to PayPal Holdings, Inc. (PYPL). In my article published earlier on August 24, 2021, I compared PayPal Holdings with its peer Block, Inc. (SQ) which was formerly known as Square, and highlighted that […]
Financial Services, Industries
November 30, 2021
Via: Equities NewsU.S. bank profits fell 1.2% in the third quarter of 2021 to $69.5 billion as firms were slower to shrink their credit loss provisions and grappled with low interest rates, the Federal Deposit Insurance Corporation reported Tuesday. Bank profits are […]
Financial Services, Industries, News
November 19, 2021
Via: Sky NewsIn practice, the incumbent, Jerome Powell, has probably not felt that during his term in office. Having been appointed by Donald Trump four years ago, Mr Powell had to endure constant sniping from the former president for his stewardship of […]
Financial Services, Industries
November 8, 2021
Via: TimeMasayoshi Son said his SoftBank Group Corp. will buy back as much as 1 trillion yen ($8.8 billion) of its stock after a decline in the value of its portfolio companies led to a record loss in its Vision Fund […]
Financial Services, Industries
October 28, 2021
Via: Sky NewsThe bank – Britain’s largest mortgage lender – reported a profit before tax of £5.9bn for the first nine months of the financial year. Like its rivals Barclays and HSBC, Lloyds had its results boosted by the release of cash […]
Financial Services, Industries
October 26, 2021
Via: Markets InsiderShares of UBS Group AG were gaining around 2 percent in Swiss trading after the banking major reported Tuesday higher profit in its third quarter with growth in net interest income. Further, the company said it intends to repurchase up […]