Banks (Finance)
As Prime Minister Narendra Modi announced a Rs 20 lakh crore stimulus package to help the Indian economy recover from the COVID-19 pandemic, market expert Ashwani Gujral has suggested traders to take advantage of the favorable market conditions. Gujral has recommended four BUY calls for private banks and financial services
Banks (Finance)
Britain's five largest banks - HSBC, Barclays, Lloyds, Royal Bank of Scotland, and Santander UK - are bracing themselves for a significant hit to their balance sheets due to a surge in loan defaults, according to Fitch Ratings. The credit rating agency has warned that the banks could
Banks (Finance)
The COVID-19 pandemic has cast a long shadow over the US banking sector, with Capital One being no exception. As a major player in the credit card market, Capital One has seen significant challenges in recent months. In its latest rating affirmation, Moody's Investors Service has revised the
Banks (Finance)
The World Health Organization (WHO) and the European Investment Bank (EIB) are strengthening their partnership to support countries in addressing the COVID-19 pandemic. The first phase of the partnership will focus on enhancing primary health care in ten African countries, with a focus on strengthening health workforces, infrastructure, and water,
Banks (Finance)
The European Investment Bank (EIB) and the Coalition for Epidemic Preparedness Innovations (CEPI) have signed a landmark advisory agreement to collaborate on innovative financing schemes for vaccine development globally. This partnership aims to support projects that can help combat emerging infectious diseases, including the current COVID-19 pandemic. The EIB will
Banks (Finance)
As shareholders gathered at Bank of America's annual general meeting, the bank dodged questions about its stance on funding Arctic drilling, a position that sets it apart from four other major American banks that have updated their lending policies to exclude financing for new drilling in the Arctic.
Banks (Finance)
A significant development in the fight against fossil fuel exploration in the Arctic has been achieved with Citigroup's updated energy policy, which restricts financing for oil and gas exploration, development, and production projects, including those in the Arctic National Wildlife Refuge. This move comes on the heels of
Banks (Finance)
In a recent move, the Reserve Bank of India (RBI) has indicated its willingness to intervene in the exchange-traded currency derivatives (ETCD) market if required. This decision is seen as a welcome step towards managing rupee volatility, particularly in the short run. The RBI's intervention in the ETCD
Banks (Finance)
The Reserve Bank of India (RBI) has introduced new guidelines for bank lending rates, requiring all banks to calculate their base rate based on marginal cost of funds from April 1, 2016. This shift aims to improve the transmission of policy rates to lending rates, ensuring that interest rates are
Banks (Finance)
The Charlotte-based bank is facing a decline in stock price as it raises its prime lending rate to 3.5% from 3.25%, following the Federal Reserve's interest rate hike. Portfolio managers Jim Cramer and Jack Mohr of Action Alerts PLUS maintain their $20 price target on Bank
Banks (Finance)
Jim Cramer provided his thoughts on the market, focusing on bank shares, Target, and Boeing, among other companies. He believes that banks will rebound after a Fed rate increase, citing Wells Fargo and Bank of America as good options. Cramer also highlighted Target as a name to own, given its
Banks (Finance)
Bank of New York Mellon Corp saw its shares traded at an unusually high volume on Wednesday, according to reports. Approximately 10,074,768 shares changed hands, a 64% increase from the previous session's volume of 6,144,649 shares. The stock's last traded price was
