Latest News for: Big banks

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Big banks should have been investing in fintech growth businesses, says Jim Cramer

CNBC 29 Nov 2023
'Mad Money' host Jim Cramer looks at financials and the sector's impact on the broader market ... .
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Four big banks quit UN-backed drive over corporations’ climate targets, say sources

Business Day 29 Nov 2023
London — Four major banks have quit a UN-backed initiative to scrutinise climate targets set by corporations, according to people familiar with the matter. They are Standard Chartered, HSBC, Societe Generale and ABN Amro Bank ... It will require banks and asset managers not to finance new fossil fuel projects.
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NAB announces branch closures across the country including Queensland, NSW and Victoria

The Daily Mail 29 Nov 2023
One of Australia's big four banks has announced the closure of five of it's branches across the country next year ... stores was due to more Aussies choosing to bank online than in person.
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UBS chief warns of 'hard cuts' at Credit Suisse: Investment bankers face the axe after rescue

This is Money 29 Nov 2023
He was unable to say, when asked on the sidelines of the FT’s global banking summit, how many jobs would go in London amid speculation 35,000 could go worldwide ... The comments underline expectations that Credit Suiss’s global investment banking operations face being severely pared back, with London facing a big hit.
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High attrition keeps private banks on their toes

Financial Express 29 Nov 2023
The attrition at private banks has been high in recent years as the workload of employees has increased ... At a recent public event, Reserve Bank of India (RBI) Governor Shaktikanta Das noted that the attrition at private sector banks is high & and that the central bank is closely  looking at the issue ... The big picture.
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Bank of India expects 40 bps moderation in CRAR due to higher risk weight

Financial Express 29 Nov 2023
Public sector lender Bank of India is expecting a 40 basis points (bps) moderation in its capital to risk weighted assets ratio (CRAR) due to the Reserve Bank of India’s (RBI) circular on rise in risk weights across personal loans, credit cards and bank loan to non-banking finance companies (NBFCs), MD & CEO Rajneesh Karnatak told FE.
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US targets banks’ billions of dollars in overdraft fees

The Willoughby News-Herald 29 Nov 2023
A top US consumer watchdog is preparing to make it much harder for banks to charge clients overdraft fees — setting up a clash with financial firms over billions of dollars in annual revenue ... Some large banks, including Capital One Financial Corp ... Big> bank chief executives will testify before the Senate panel next week.
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Banks increase capital through paying dividends in shares

Vietnam News 29 Nov 2023
SBV’s statistics showed 28 banks have expected to increase their charter capital by more than VNĐ163 trillion in 2023, higher than last year’s number of VNĐ154 trillion ... According to international credit rating organisation Fitch Ratings, Việt Nam's rapid credit growth in recent years has posed a big challenge for banks in ensuring capital safety.
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Deutsche Bank saw Trump as a ticket to the 'wealthiest people on the planet': fraud trial

Raw Story 29 Nov 2023
MSNBC's Lisa Rubin reported from inside the courtroom where Trump is on trial for fraud that Deutsche Bank’s former managing director said she wanted to meet with Trump because he was such a “big-deal” client ... That would then bring greater scrutiny and more risk for the bank, and it was deemed not worth "greater exposure.".
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Kotak Bank’s infra loans get boost from CVs, construction equipment

Financial Express 29 Nov 2023
Growing demand for Commercial Vehicles (CVs) and construction equipment will drive infrastructure financing for Kotak Mahindra Bank in the second half of the current fiscal ... Co-lending deals between NBFCs, banks set to rise after RBI nudge. The big picture. How Axis Bank’s Citi deal is paying off.
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Apple Moves to End Goldman Sachs Card Partnership. Why It’s for the Best.

Market Watch 29 Nov 2023
Goldman Sachs just wants to undo its messy consumer banking experiment, and quickly ... The reversal of Goldman’s big push into consumer lending has been even quicker. In January, the Wall Street bank said it lost $3 billion on consumer banking since 2020 ... The bank’s third-quarter profit slid 33% as its rapid retreat from consumer banking hit earnings.
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UBS chief warns of

The Daily Mail 29 Nov 2023
He was unable to say, when asked on the sidelines of the FT’s global banking summit, how many jobs would go in London amid speculation 35,000 could go worldwide ... The comments underline expectations that Credit Suiss’s global investment banking operations face being severely pared back, with London facing a big hit.
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PCE inflation report could show a cooling down. Does that mean the Fed is done raising rates?

Market Watch 29 Nov 2023
The next big test ... The rate of inflation is running well above the bank’s 2% target, and it’s more than twice as high as the average increase each year from 2010 to 2019. The big question is whether the Fed has to raise interest rates again to further slow the economy and make sure inflation decelerates to its 2% goal.
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Jio Financial eyes mass market with low-ticket personal loans

Financial Express 29 Nov 2023
The launch of personal and consumer durable loans has come at a time when the Reserve Bank of India (RBI) increased risk weights on personal loans to check the unbridled growth in unsecured loans ... Within the personal loans, the central bank has raised concerns about loans below Rs 50,000 where NBFCs have high exposure as compared to banks.
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Banks warning customers ahead of festive season

Jamaica Observer 29 Nov 2023
The probability that an NCB customer will get a fraudulent message is much higher than some of the other banks ... NCB Financial Group Limited interim CEO Robert Almeida has also noted that he himself has been inundated with fake text messages from fraudsters purporting to be a big five Canadian bank about confirming deposits to his account.

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Israel's Prime Minister Benjamin Netanyahu make statements with the U.S. Secretary of State Antony Blinken to the media, inside The Kirya, which houses the Israeli Ministry of Defense, after their meeting in Tel Aviv, Thursday Oct. 12, 2023
AP / Jacquelyn Martin
Russian President Vladimir Putin chairs a Security Council meeting in Moscow, Russia, Friday, Nov. 24, 2023
AP / Mikhail Klimentyev, Sputnik, Kremlin Pool Photo
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Creative Commons / Clément Bardot / https://creativecommons.org/licenses/by-sa/4.0/deed.en
This handout photo provided by the Uttarakhand State Department of Information and Public Relations shows rescue workers cheer, along with Pushkar Singh Dhami, Chief Minister of Uttarakhand state, center wearing white helmet, and Indian Minister of State of Road Transport and Highways V.K. Singh, center right, in the northern Indian state of Uttarakhand, India, Tuesday, Nov. 28, 2023
AP / Uttarakhand State Department of Information and Public Relations
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