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Latest Articles in banking sector
JPMorgan Executives Say Bank Is Big Enough To Weather Any Storm
JPMorgan pledged to put $200 billion toward such projects by 2025 as a lender, underwriter or intermediary, up from a prior $175 billion goal it had set in 2017.
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RBS To Slash Investment Bank, Rebrand As Natwest
The strategy includes plans to halve investment bank NatWest Markets' risk weighted assets to 20 billion pounds ($26.10 billion) and a string of green targets such as halving the impact of the bank's climate financing by 2030.
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Bail-In Or Bail-Out? Lebanese Banks In Need Of Rescue As Crisis Bites
Banks' efforts to raise capital have fallen flat so far. Lenders have been trying to raise by the end of June an extra 20% in tier 1 capital - equating to around $4 billion - through cash injections, as required by the central bank
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China's Central Bank Vows To Step Up Support For Virus-Hit Economy
The People's Bank of China is closely watching the impact of the outbreak on the world's second-largest economy, and is preparing policy tools to offset the pressure, Vice Governor Pan Gongsheng told a news briefing on Friday.
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HSBC To Axe Senior Managers In Strategy Shift
HSBC has global managers looking after a wide variety of functions for most of the product lines within its business divisions.
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PNB Reports Q3 Net Loss Of Rs 492 Crore As Provisions Mount
Income in Q3 FY20 was up 1.5 per cent at Rs 4,355 crore versus Rs 4,290 crore year-on-year. The bank's asset quality as a percentage of total advances too improved slightly.
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Key Highlights Of Union Budget 2020-21
Let's have a look at the key highlights of the Union Budget 2020-21.
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Nation-Wide Strike Impacts Banking Services At PSU Banks
Branches in several parts of the country remained closed and some of the ATMs also went dry, according to reports coming various parts of the country.
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RBI Imposes Rs 1 Crore Penalty On HDFC Bank
The RBI said HDFC Bank failed to exercise ongoing due diligence in those accounts.
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Canara Bank Posts 3.8% Growth In Q3 Net Profit At Rs 330 Crore
The ratio of gross NPAs to gross advances stood at 8.36 per cent versus 8.68 per cent as on September 30, 2019, and 10.25 per cent as on December 31, 2018.
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Bank Of America To Hire 50 Bankers For Asia Dealmaking Team In 2020
BofA's hiring tally for the year could change depending on the deals' momentum, said two of the people, who spoke on condition of anonymity as the plans are still confidential.
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RBI Announces Auction Of 63-Day Government Of India Cash Management Bill
The auction will be conducted using '"Multiple Price Auction" method. The competitive bids for the auction will be submitted in electronic format on the Reserve Bank of India.
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Softbank In Talks To Sell Stake In Indian Renewable Energy Venture: Report
SoftBank is facing renewed investor scrutiny after it was forced to bail out one of its best known portfolio companies.
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World Bank Trims 2020 Growth Forecast Amid Slow Recovery For Trade
Global trade growth is expected to improve modestly in 2020 to 1.9 per cent from 1.4 per cent in 2019, which was the lowest since the 2008-2009 financial crisis.
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Syndicate Bank Surpasses Rs 5 Lakh Crore Business Mark
The bank achieved this milestone on the back of every business unit contributing in its full capacity which included retail.
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