Banking industry
Associated Banc-Corp (NYSE:ASB) held its 2022 annual shareholders' meeting, where several key actions were taken. The meeting's re-elected directors included John (Jay) B. Williams, Andrew J. Harmening, and nine other esteemed individuals. Shareholders also approved executive compensation and ratified KPMG LLP as the company's
Banking industry
Jordan Islamic Bank announced a significant growth in its net profits, achieving JD 96.5 million in 2021, a 15.1% increase from the previous year. Despite the challenges posed by the COVID-19 pandemic, the bank maintained its financial stability and implemented its strategy to face various risks while maintaining
Banking industry
HDFC Bank's much-anticipated "Accelerate Auto Expo" is set to kick off on April 23, 2022, in Kolkata's popular South City Mall. The two-day event promises to be one of India's largest motor shows, with participation from 20 car manufacturers and two-wheeler brands.
Banking industry
India's largest banking industry is set to undergo a significant transformation with the merger of HDFC Bank and HDFC Ltd, a mega-scale deal that mirrors the US banking industry's trajectory. The four US big banks, comprising 40% of the total assets, have emerged as a result
Banking industry
The Reserve Bank of India and the city police in Hyderabad met to discuss cyber security measures, focusing on the importance of protecting online banking services and penalizing banks for negligence. The meeting was sparked by the recent hacking incident at Mahesh Urban Cooperative Bank, where Rs 12.48 crore
Banking industry
Mutual fund investors in India may need to reassess their fixed income portfolios as the Reserve Bank of India's focus on controlling inflation has caused short-term interest rates to rise. Financial planners recommend liquid funds and target maturity funds for risk-averse investors, while those with a higher risk
Banking industry
India's public stocks of rice and wheat, currently at comfortable levels, may provide some insulation against the recent surge in international food prices. However, the country's agricultural sector faces significant challenges due to the rising cost of farm inputs, such as diesel, fertilizers, and pesticides, which
Banking industry
As the RBI's Monetary Policy Committee met to discuss the country's economic situation, Governor Shaktikanta Das announced that the benchmark repurchase or repo rate would remain at 4% - a record low for the 11th consecutive time. This decision was made to support economic growth despite
Banks (Finance)
First Women's Bank (FWB) is making strides in promoting economic growth and inclusivity, particularly in the women's economy. The bank has recently announced that Microsoft and United Airlines have joined its list of Mission Partners, alongside other notable corporations and organizations. FWB's innovative strategy
Banks (Finance)
First Women's Bank, a commercial bank on a mission to grow the economy and elevate the role of women within it, has announced that Microsoft Corp. and United Airlines are its newest Mission Partners. This partnership aims to support the bank's innovative strategy of combining national
Banking industry
Moody's Investors Service has announced that the transfer of servicing for approximately 1,890 residential mortgage loans backing 10 US RMBS transactions from JPMorgan Chase Bank, N.A. to Select Portfolio Servicing, Inc. will not result in a reduction or withdrawal of the current ratings on the securities
Banking industry
The World Bank has successfully priced two Sustainable Development Bonds, attracting over 225 orders totaling more than $11.5 billion from investors seeking high credit quality alongside sustainable investment. The dual tranche format, with both shorter and longer points on the yield curve, drew a globally diverse and broad base
