Banking industry
State Bank of India is planning to launch a second dollar bond sale this fiscal year, aiming to raise up to $1.5 billion. The sale comes as the US Federal Reserve is expected to raise interest rates later in the year, providing an opportunity for the bank to borrow
Banking industry
As the business world continues to evolve, companies are recognizing the importance of effective communication and leadership skills in driving success. In response, nearly one-third of Fortune 500 companies have established in-house Toastmasters clubs to help employees improve their communication and leadership abilities. These clubs have been chartered by industry
Banking industry
Bank of America Merchant Services, a joint venture between First Data and Bank of America, has introduced Clover Mini, an EMV/NFC ready payment system designed to simplify transactions for small business owners. Clover Mini is part of the Clover family of products and offers a range of features that
Banking industry
CSOFT International, Ltd. has announced its support for employee Nate Denny's participation in the AIDS/LifeCycle ride, an annual fundraiser aimed at reducing new HIV infections and improving the quality of life for people living with HIV/AIDS. The ride, co-produced by the San Francisco AIDS Foundation and
Banking industry
The Federal Reserve on Wednesday levied fines totaling more than $1.8 billion against six major banking organizations for engaging in unsafe and unsound practices in the foreign exchange (FX) markets. The banks include UBS AG, Barclays Bank PLC, Citigroup Inc., JPMorgan Chase & Co., Royal Bank of Scotland PLC
Banking industry
Bank of America reportedly plans to invest in Spanish tourism, Goldman Sachs hires a former FBI agent for compliance, and General Electric plans to sell its fleet of leased vehicles. Despite these developments, stocks in these companies failed to keep pace with broader market gains, with the S&P
Banking industry
As the 2015 shareholder meeting season approaches, advocates and investors are poised to make a significant push for greater transparency in corporate political activity. Shareholders of some of the largest public companies in the US, including Google, JPMorgan Chase, and Citigroup, will vote on proposals calling for increased disclosure of
Banking industry
Stocks and financial institutions are preparing for the financial results report week. Several companies have priced straddle options for the week ahead, with CSX and Bank of America seeing heightened price movements. CSX's April 33 straddle is priced at 4% movement, while Bank of America's April
Banks (Finance)
Bank of America (NYSE:BAC) has amended its bylaws to allow long-term shareholders to nominate directors, joining a growing trend of major public companies embracing "proxy access." The move comes as a result of pressure from public pension funds, including the California Public Employees Retirement System (CalPERS), which
Banks (Finance)
Leading banks in the Diversified Banks industry are currently characterized by low price to book ratios, indicating potential value to investors. Bank of America stands out with the lowest ratio of 0.75, followed closely by Credicorp with a ratio of 0.78. Citigroup ranks third with a ratio of
Banking industry
Tuesday's trading session saw a decline in U.S. stocks, with the S&P 500 down 0.4% and the Dow Jones Industrial Average lower by 0.7%. TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, attributed the market's weakness to
Banking industry
As the official Bank of America Chicago Marathon Charity Partner, the American Brain Tumor Association (ABTA) launches its endurance program, Team Breakthrough, to raise funds for brain tumor research and support patients and caregivers affected by brain tumors. Team Breakthrough invites running enthusiasts to register for a limited number of
