Banks (Finance)
The latest retail trade figures, released by the Australian Bureau of Statistics, show a 3.9% fall in sales for December compared to the previous month. This unexpected drop, which is the largest since the implementation of the GST and during lockdown periods, has raised concerns about the impact of
Banks (Finance)
Andy Haldane, the former chief economist of the Bank of England, has expressed concern about the economic impact of rising mortgage rates and inflation on British households. Haldane, now the chief executive of the Royal Society of Arts, warned that there will be "more pain to come" for
Banks (Finance)
Toronto is reeling from a recent string of violent incidents on public transit, including a young woman being stabbed multiple times on a TTC streetcar. The attack has sparked calls for action, with the president of the largest transit union advocating for a national task force to address transit violence.
Banks (Finance)
San Francisco resident Rodrigo Santos, a licensed civil and structural engineer, has pleaded guilty to multiple counts of bank fraud, honest services fraud, and tax evasion. Santos, who co-founded and owned Santos and Urrutia Structural Engineers, Inc., used his position to defraud clients and embezzle over $1.6 million. He
Banks (Finance)
Todd Chrisley, the star of USA Network's reality show Chrisley Knows Best, has been sentenced to 12 years in federal prison for bank fraud and tax evasion. His wife, Julie Chrisley, was sentenced to 7 years. The couple had tried to appeal their conviction but were unsuccessful. The
Banks (Finance)
Top brokerage firms such as JPMorgan, CLSA, Credit Suisse, and Goldman Sachs have shared their views on various Indian stocks, reflecting a mixed outlook for the country's market. JPMorgan has an underweight stance on Vodafone Idea and Bharti Airtel, citing delayed price recovery and competitive 5G rollouts. CLSA,
Banks (Finance)
The European Investment Bank (EIB) has signed a Euros25 million venture debt financing agreement with ExeVir BIO BV (ExeVir) to advance the development of ExeVir's novel COVID-19 therapeutic. This financing is part of the EIB's COVID-19 response and is backed by the InnovFin Infectious Diseases Finance
Banks (Finance)
The Central Bureau of Investigation (CBI) has initiated a probe into a Rs 26.98 crore loan fraud by a private firm and its directors against Indian Overseas Bank (IOB). The private company, incorporated in June 2011, allegedly diverted the loan funds and manipulated its financial records. The CBI has
Banks (Finance)
The Central Bureau of Investigation (CBI) has registered a criminal offence against two private companies and their directors for allegedly causing a wrongful loss of ₹15.40 crore to the State Bank of India (SBI). The complaint was received in December 2020 from Dipesh Raj, Deputy GM, SBI, against the
Banks (Finance)
The Indian equity indices closed Thursday's session on a positive note, with the Sensex settling above 61,100 and the Nifty closing just below 18,200. The top gainers of the BSE Sensex included Bharti Airtel, State Bank of India, Axis Bank, Tata Steel, and ICICI Bank, while
Banks (Finance)
The Indian stock market indices Sensex and Nifty continued their upward trajectory for the second consecutive day, following a global trend. The Sensex rose by 361.01 points, or 0.60 percent, to reach 60,927.43, while the Nifty increased by 117.70 points, or 0.65 percent, to
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
