Banking industry
On Monday and Tuesday, several global blue-chip stocks received analyst recommendations from top financial institutions. In the consumer goods sector, JPMorgan cut Tesla's price target to 125 USD, citing an "underweight" stance. Exane BNP Paribas also made changes to its Apple rating, cutting it to "
Banking industry
Chicago's largest employers are teaming up with the University of Illinois' Discovery Partners Institute to launch a one-year software apprenticeship program, aiming to address the city's shortage of tech talent and inequality of opportunity. The project, led by P33, a corporate and civic group focused
Banking industry
As the Indian rupee closed out 2022 with a significant decline, a top treasurer at HDFC Bank is predicting a turnaround in the new year. The rupee's dire performance, which has dropped 11.5% in 2022 and is on track to log its worst yearly decline since 2013,
Banking industry
Consumer spending on credit cards in India fell for the first time since July, signaling an end to the festive season. According to data from the Reserve Bank of India (RBI), credit card spends fell over 12% sequentially, with the average spend coming in at ₹14,280 for the month
Banks (Finance)
The European Investment Bank (EIB) Group has signed an agreement with United Bulgarian Bank (UBB) to provide guarantees for loans under InvestEU in Bulgaria. The agreement, worth over €110 million, aims to support the competitiveness of local companies, with a focus on sustainability, innovation, and digitalization. The European Investment Fund
Banks (Finance)
Global markets experienced a downfall on Friday, with the Indian stock market not being an exception. The domestic equity indices closed in the negative territory, with the Sensex plummeting 980.93 points or 1.61% to 59,845.29, while the Nifty settled at 17,806.80 after dipping 320.
Banking industry
At a critical juncture amidst multiple global challenges, including the pandemic's aftermath, geopolitical tensions, and rising food and energy security concerns, India has assumed the G20 Presidency. The focus of the Finance Track, scheduled to commence on Tuesday, will be on tackling these pressing issues, including supply-chain disruptions,
Banking industry
Retail inflation in India dipped below 6% for the first time in 11 months in November, coming in at 5.88%, largely due to a sharp deceleration in food prices, particularly of vegetables and edible oils. However, a spike in cereal prices remains a concern. The Reserve Bank of India&
Banks (Finance)
Yes Bank has reached a pivotal milestone with the Reserve Bank of India's (RBI) approval to issue shares to private equity funds Advent and Carlyle groups, paving the way for one of the largest private equity investments in the banking sector in recent years. This development comes as
Banks (Finance)
Banks such as Wells Fargo, U.S. Bank, and Bank of America are introducing small-dollar loan programs, offering instant, automated loans with lower fees compared to payday loans. This development aims to curb the use of predatory payday lending, which targets low-income communities. The loans are designed to provide a
Banks (Finance)
First Women's Bank has added five new Mission Partners to its growing list of supporters, including Airbnb, BCG, Principal Financial Group(r), Salesforce, and Envestnet. These companies join a list that already includes Aon, Comcast Corp., Microsoft, United Airlines, Wendy's, William Blair, and the Western Golf
Banks (Finance)
Chicago-based First Women's Bank, the only women-founded, women-owned, and women-led commercial bank in the country, has announced the addition of five new Mission Partners in its efforts to expand economic opportunities for women and close the gender lending gap. The new Mission Partners include Airbnb, BCG, Principal Financial
