© Reuters. FILE PHOTO: The sun rises behind the dome of the U.S. Capitol, days after Democratic leaders of the U.S. House of Representatives delayed a planned vote on a $1 trillion bipartisan infrastructure bill, in Washington, U.S., October 4, 2021. REUTERS/Kevin L (Reuters) – The chief executives of the biggest U.S. banks are set...
© Reuters. A general view shows the Bank of England in London, Britain, September 21, 2023. REUTERS/Peter Nicholls/File Photo LONDON, Dec 6 (Reuters) – British businesses and households are coping so far with higher interest rates but there are risks ahead for the financial sector from higher borrowing costs and changes to the way banks...
© Reuters. The logo of Rakuten is pictured in Yokohama, Kanagawa, Japan, Aug 2, 2023. REUTERS/Miho Uranaka/File Photo TOKYO (Reuters) – Japan’s Rakuten Group said on Wednesday it plans to sell 25.5 million shares in Rakuten Bank in the offshore market, the latest bid to shore up its finances. The shares are equivalent to just...
© Reuters. MUMBAI – Shares of DCB Bank witnessed a significant jump at market opening today, following the disclosure of a potential $10 million investment from the Aga Khan Fund for Economic Development (AKFED). The investment aims to bolster the bank’s capital adequacy in compliance with regulatory norms. The Mumbai-based private sector bank reported a...
© Reuters. FILE PHOTO: Two women walk next to the Reserve Bank of Australia headquarters in central Sydney, Australia February 6, 2018. REUTERS/Daniel Munoz/File Photo SYDNEY (Reuters) – Australia’s central bank held interest rates steady on Tuesday as expected, buying it more time to assess the state of the economy and to determine whether further...
© Reuters. The National Bank of Canada (OTC:) reported robust earnings per share of $2.44 for Q4 2023 and $9.60 for the full year, marking a 7% growth in pre-tax pre-provision earnings compared to the previous year. Despite a contracting Canadian economy, the bank’s diversified business mix, disciplined approach to credit, capital, and cost management,...
© Reuters. FILE PHOTO: A sign for the Bank of Montreal in Toronto, Ontario, Canada December 13, 2021. REUTERS/Carlos Osorio/File Photo (Reuters) – Bank of Montreal reported a fall in its fourth-quarter profit on Friday, as higher provisions for potential credit defaults offset gains from a rise in its interest income. The lender built up...
© Reuters. TD Bank Group has announced that Alan MacGibbon will take over as Chair of the Board starting February 1, 2024, following the retirement of Brian Levitt. Levitt, who has led the board since 2008, will step down after the shareholder meeting in April. MacGibbon, a member of TD’s board since 2014 and Audit...
© Reuters. FILE PHOTO: Intesa Sanpaolo bank logo and stock graph are seen displayed in this illustration taken, May 3, 2022. REUTERS/Dado Ruvic/Illustration ROME (Reuters) -Italy’s competition authority on Thursday said it had told the country’s biggest bank Intesa Sanpaolo (OTC:) to halt the proposed transfer of 2.4 million customers to its new mobile-only service...
© Reuters. The logo of the Bank of Korea is seen in Seoul, South Korea, November 30, 2017. REUTERS/Kim Hong-Ji/File Photo By Cynthia Kim and Jihoon Lee SEOUL (Reuters) – South Korea’s central bank kept its benchmark interest rate unchanged again on Thursday as global uncertainty and resistance to higher borrowing costs outweighed concerns around...