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
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)
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)
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)
With the Reserve Bank of India (RBI) cutting the repo rate by 0.50% to 6.75% in a bid to kick-start the economy, banks have begun to react by slashing their base rates, a move that is expected to benefit consumers with cheaper home and auto loans. The country&
Banks (Finance)
Rajat Sharma, CEO of Sana Securities, shared his thoughts on the private banking sector during a chat with ET Now. He highlighted three banks that he finds interesting: ICICI Bank, Axis Bank, and Kotak Mahindra Bank. Specifically, Kotak Mahindra Bank and Axis Bank stand out due to their significant revenue
Banks (Finance)
U.S. Senator Chris Coons (D-Del.) urged his colleagues to reauthorize the Export-Import Bank, a tool that has helped Delaware and American businesses sell their goods around the world and compete in the global economy for over 80 years. The EXIM Bank expired on June 30 and requires Congressional action
Banks (Finance)
The current market rebound has raised questions about its underlying drivers and sustainability. Steven Wieting, Chief Investment Strategist at Citi Private Bank, attributes the rebound to a growth panic rather than a genuine bounce. He notes that the severe economic downturn was triggered by China's currency devaluation, but
