Banking industry
The largest office tower sale in the US this year, One Memorial Drive, has been purchased by a joint venture of MetLife Investment Management and Norges Bank Investment Management for $825 million. The 409,422-square-foot office building, located next to the Massachusetts Institute of Technology campus, is fully leased to
Banking industry
US markets closed higher on Monday, buoyed by firm commodity prices and the US drug regulator's approval of a coronavirus vaccine. Technology stocks, energy stocks, and industrials were among the gainers, with Boeing, Chevron, Caterpillar, and Intel leading the charge. Existing home sales in the US saw a
Banking industry
HDFC Bank, India's largest private lender, has successfully raised $1 billion in the largest sale of overseas additional tier-1 (AT1) bonds by an Indian bank. The robust demand for the bonds, which was $4.5 billion, indicates that overseas investors have ignored concerns about the AT1 bonds that
Banking industry
HDFC Bank's shares surged 1.61% to 1,539.10 per piece after the Reserve Bank of India (RBI) lifted an eight-month-long ban on the lender imposed over the issuance of new credit cards. This decision has been seen as a positive sign, leading to a rise in
Banking industry
First Republic Bank, a leading private bank and wealth management company, has agreed to sell 2,000,000 shares of its common stock in an underwritten public offering. The company has also granted the underwriters a 30-day option to purchase up to an additional 300,000 shares from First Republic.
Banking industry
Co-branded credit cards, often tied to specific retailers, airlines, or hotels, have emerged as a lifeline for many consumers during the COVID-19 pandemic. According to research, these cards have experienced significant growth, driven by consumer loyalty programs and marketing strategies. The "Co-Branded Credit Cards in the U.S., 8th
Banking industry
As the COVID-19 pandemic continues to impact the retail and travel sectors, the co-branded credit card market in the U.S. has seen significant changes, with issuers adapting to the new landscape and consumers shifting their spending habits. The "Co-Branded Credit Cards in the U.S., 8th Edition"
Banking industry
The U.S. co-branded credit card market has experienced significant changes due to the COVID-19 pandemic. This report, the "Co-Branded Credit Cards in the U.S., 8th Edition," provides an in-depth analysis of the market, including retailer and travel cards, focusing on features, benefits, marketing, and loyalty program
Banking industry
The NatWest Group has reported a £2.5bn profit for the first half of the year, driven by improved economic forecasts and a robust loan book. The lender, which was state-bailed out during the 2008 financial crisis, plans to pay out £347m in dividends and £1.3bn in share buybacks
Banking industry
Wells Fargo recently announced a quarterly common stock dividend of $0.20 per share, a significant increase from the prior quarter's $0.10 per share. This announcement followed the approval by Wells Fargo's board of directors. In related news, Becton, Dickinson and Company declared a quarterly
Banking industry
Multiple Indian companies are gearing up for a big day, with several key earnings reports, IPO debuts, and significant business developments in the pipeline. Among the notable announcements, HCL Technologies, HDFC Life Insurance, and ACC are expected to release their quarterly earnings today. GR Infraprojects and Clean Science and Technology
Banking industry
HDFC Bank's latest financial results reflect the lender's cautious approach to retail loans as the second wave of the pandemic continues to pose significant challenges. The bank's overall retail loan book shrunk from ₹5.27 lakh crore in March 2021 to ₹5.23 lakh
