Banking industry
Bank of America has made a significant commitment to renewable energy by partnering with several companies to develop and purchase solar electricity for its operations in North Carolina, Texas, and other states. The bank has entered into 10 agreements to purchase solar electricity for a total of 200 megawatts (MWAC)
Banking industry
Indian lenders are taking proactive measures to fortify their balance sheets and ensure stability in the face of growing concerns over asset quality, triggered by the pandemic. State Bank of India (SBI) and HDFC Bank plan to raise significant capital, while ICICI Bank has unlocked value in its subsidiaries to
Banking industry
Fitch Ratings downgraded the outlook on nine Indian banks to negative, citing their high dependence on the Central government for recapitalisation. This move follows Fitch's revision of India's sovereign rating to negative due to the impact of the coronavirus pandemic on the country's economy.
Banking industry
Leading CEOs from America's largest companies have joined the chorus calling for police reform, echoing the sentiments of civil rights organizations and labor unions. The Business Roundtable, which includes CEOs from Amazon, Apple, BlackRock, IBM, JPMorgan Chase, and Walmart, has urged President Trump and Congress to enact significant
Banking industry
Constellation Pharmaceuticals, a clinical-stage biopharmaceutical company specializing in epigenetics, has commenced an underwritten public offering of 4,000,000 shares of its common stock. The company plans to grant the underwriters a 30-day option to purchase an additional 600,000 shares. J.P. Morgan, Jefferies, Cowen, and RBC Capital Markets
Banking industry
State-owned bank shares continued their downward trend in Thursday's session, with the Nifty PSU Bank index declining 3.01% to 1353.05 by 2:35 PM. The benchmark NSE Nifty50 index fell by 182.45 points to 9933.7, while the BSE Sensex dropped 597.39 points to
Banking industry
Shares of public sector banks (PSU banks) plummeted in Tuesday's trading session, with several banks suffering significant losses. The Nifty PSU Bank index sank 0.97% to 1357.35, while other major indices, including the NSE Nifty50 and BSE Sensex, also declined. The losses were largely attributed to
Banks (Finance)
The European Investment Bank, European Commission, and Investitionsbank Berlin have launched the EU Malaria Fund, a €110 million initiative aimed at combatting malaria through innovative solutions. The fund will support research and development, with a focus on affordable and effective treatments. Key players in the healthcare sector, including the Bill
Banks (Finance)
The Reserve Bank of India (RBI) is poised to take a significant step in its efforts to stabilize the Indian currency market as local banks are set to begin trading in the non-deliverable forwards (NDF) market. This move, expected to start on Monday, will allow banks to participate in the
Banking industry
US stocks soared on Wednesday, with the Dow Jones Industrial Average breaking above the 25,000 barrier for the first time since March, as optimism surrounding the reopening of the national economy grew. The Dow Jones rose 553 points, or 2.2 percent, to close at 25,548, while the
Banking industry
Jamie Dimon, chief executive of JPMorgan Chase, expressed optimism about a fast economic recovery from the coronavirus pandemic, stating "pretty good odds" of a rebound starting in the third quarter. As shares of the New York-based bank surged 6.9% to $95.60, Dimon attributed the potential recovery
Banking industry
A majority of investors in a Bank of America survey believe the current stock market rally will reverse, citing concerns over a second wave of coronavirus cases. This sentiment is echoed by Jay Powell, the US Federal Reserve chair, who warned of a protracted recovery for the US economy. The
