Banks (Finance)
More than 50 banks, including prominent international lenders such as Standard Chartered, Deutsche Bank, and BNP Paribas, have received immunity from criminal prosecution in the US as part of a plea bargain with the Department of Justice. In exchange for this protection, the banks have collectively paid nearly £400 million
Banks (Finance)
In the second annual Bank of England stress test, The Royal Bank of Scotland and Standard Chartered have emerged as the weakest banks due to insufficient capital strength. Despite this, regulators allowed the banks to pass the overall test after considering measures they had taken to bolster their reserves and
Banks (Finance)
The Bank of England's stress test revealed that only two UK banks, Royal Bank of Scotland (RBS) and Standard Chartered, failed to meet capital strength requirements. The test simulated a major financial crisis, including a stagnation of Chinese growth, a housing market crisis in China and Hong Kong,
Banks (Finance)
HSBC Holdings plc (LON:HSBA) has had its buy rating reissued by analysts at Berenberg Bank in a research note issued to investors on Wednesday. Berenberg Banks target price points to a potential upside of 41.71% from the stocks current price. This is not the only rating reiteration for
Banks (Finance)
Mersey MDF, Plas and Ply, a family-owned business supplying bespoke timber products to the fitted kitchen and bedroom industry, has upgraded to an energy-efficient biomass boiler to heat its factory and office space. The [pounds sterling]300,000 funding package provided by Yorkshire Bank enabled the installation of the boiler,
Banks (Finance)
As the Indian economy struggles with defaults and liquidity issues, fund houses have accelerated their exit from debt-ridden Amtek Auto, with equity mutual funds and foreign institutional investors (FIIs) completely exiting the stock by September. Meanwhile, they have significantly increased their holdings in private sector banks, which have consistently outperformed
Banks (Finance)
The net interest income of listed Indian banks rose modestly in the September quarter, but their bad debt woes continue to cast a shadow. For 14 publicly traded banks outside state control, net interest income rose by 3.54% year-on-year, while for 24 state-run listed banks, it increased by 3.
Banks (Finance)
As the video landscape shifts towards OTT (over-the-top) services, satellite operators such as SES and Intelsat are facing declining revenue and a significant threat to their business model. Deutsche Bank's Fixed Satellite Services industry report highlights that satellite video growth is slowing down, and earnings per share (EPS)
Banks (Finance)
Deutsche Bank is relocating its Asset Management and Private Wealth Management units to The Zig Zag Building in London's Victoria, signing a 15-year lease for 92,000 sq ft of space. This move cements Victoria's position as a prime location for financial services businesses, following recent
Banks (Finance)
Aqua Metals, Inc., a company commercializing a non-polluting electrochemical lead recycling technology called AquaRefining, has secured a $10 million loan from Green Bank in conjunction with a 90 percent loan guarantee from the U.S. Department of Agriculture (USDA) Rural Development Agency. The loan will finance the growth of Aqua
Banks (Finance)
Several top Indian banks, including ICICI Bank, Axis Bank, and State Bank of India (SBI), are in discussions with private equity firms such as Macquarie, Piramal, KKR, and I2 Capital to create a last-mile financing arrangement for infrastructure projects that have stalled due to a lack of funds. This innovative
Banks (Finance)
The US House of Representatives appears set to renew the charter of the Export-Import Bank, a trade lender that provides loans to overseas customers of US companies, despite ongoing uncertainty in the Senate. The bank, which has been a point of contention among Republicans, has received bipartisan support, with 127
