Banking industry
Churchill Capital Corp V, a company founded by Michael Klein, has announced the pricing of its initial public offering of 45,000,000 units at $10.00 per unit. The units will be listed on the New York Stock Exchange (NYSE) under the symbol "CCV.U" starting on
Banking industry
Air Canada, Canada's largest airline, has partnered with Chase, the largest co-brand card issuer, to relaunch its Aeroplan U.S. credit card. The new card, expected to launch in late 2021, will bring rich rewards and flexibility to U.S. customers through Air Canada's transformed Aeroplan
Banking industry
Two years after top banks in India stopped dealing with cryptocurrency exchanges and their customers on the central bank's direction, the two sides are now back in business. Top banks, including State Bank of India, HDFC Bank, Yes Bank, and ICICI Bank, have started allowing customers to use
Banking industry
The Singapore Exchange's Nifty futures traded 37.50 points higher on Wednesday, indicating a positive start for Dalal Street. Several stocks are set to make headlines today, including ICICI Bank, YES Bank, Wipro, Prestige Estates, and others. Here's a rundown of the key developments: Key Takeaways:
Banking industry
The Reserve Bank of India (RBI) has issued a stern warning to HDFC Bank, one of India's largest private sector banks, following a string of outages in its internet banking, mobile banking, and payment services over the past two years. The RBI's order, dated December 2,
Banking industry
The Confederation of All India Traders (CAIT) has written to the finance minister, expressing concerns that banks are offering cashbacks on online purchases in collusion with e-commerce companies. This practice allegedly violates the 'Fair Practices Code' of the Reserve Bank of India. Praveen Khandelwal, national secretary-general of CAIT,
Banking industry
A shift is underway in the Indian home loan market, with large banks like SBI, ICICI Bank, and Kotak Mahindra Bank benefiting from the trend of homebuyers transferring their mortgages to these lenders. Despite a slight increase in first-time homebuyers in the market, large banks have managed to grow their
Banking industry
Trading on Monday, bank stocks in India were plagued by negative sentiment. The Nifty Bank index declined by 0.82%, with ICICI Bank and Axis Bank among the top losers. On the other hand, IDFC Bank and IndusInd Bank led the gains in the sector. The benchmark Nifty50 index and
Banking industry
Moody's Investors Service has affirmed the P-1 short-term ratings for Series 1 and Series 2 Variable Rate Demand Preferred (VRDP) Shares issued by Nuveen New York AMT-Free Quality Municipal Income Fund, citing changes in the liquidity providers for the fund's VRDP shares. The affirmations follow the
Banking industry
Moody's Investors Service has affirmed the P-1 short-term rating of Series 6 Variable Rate Demand Preferred Shares issued by Nuveen California Quality Municipal Income Fund, following the change in the Liquidity Provider from Citibank, N.A. to JPMorgan Chase Bank, N.A. The affirmation is based on the
Banking industry
Stock analysts across various financial institutions have released new price targets and recommendations for several global blue-chip stocks. The updates span various sectors, including basic materials, consumer goods, industrial, and technology, among others. Analysts from Barclays, Citigroup, Goldman Sachs, JPMorgan, and other firms have adjusted their target prices and ratings
Banking industry
Multiple analysts recommended changes to their price targets and stock ratings for various London-listed shares Thursday morning, according to Alliance News. These recommendations spanned multiple industries, including airlines, consumer goods, and technology. Analysts at firms such as Citigroup, Kepler Cheuvreux, HSBC, and Deutsche Bank issued recommendations on shares including International
