Banking Retail

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Saturday, 19 September 2020

Latest News for: Banking retail

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Could Ulster Bank really pull out of Ireland?

RTE 19 Sep 2020

That Ireland’s third largest retail bank could just shut up shop, close its branches, lay-off its staff and close. Yet, according to a report by the Irish Times on Thursday, that is among the options being considered by NatWest, the UK based owner of Ulster Bank, as part of a strategic review of its Irish operations....

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Wall St Week Ahead: Corporate debt frenzy rolls on as worries loom over markets

The Times of India 19 Sep 2020

Bank of America in August forecast ... In the coming week, investors will be watching earnings reports from Jefferies Financial Group, which is typically seen as a preview of what's to come from Wall Street banks, Nike, cruise line Carnival and retailers including Rite Aid and Costco....

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Wall Street Weekahead: Corporate Debt Frenzy Rolls On As Worries Loom Over Markets

Yahoo Daily News 19 Sep 2020

Bank of America in August ... In the coming week, investors will be watching earnings reports from Jefferies Financial Group , which is typically seen as a preview of what’s to come from Wall Street banks, Nike , cruise line Carnival and retailers including Rite Aid and Costco ....

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Bank of Thailand successfully issues digital bond through blockchain

Invezz 18 Sep 2020

Thailand’s central bank leveraged blockchain technology to issue bonds ... There are two bonds and both target retail investors. Thailand’s Central Bank recently stated that it successfully sold 50 billion baht ($1.6 billion) on Friday, in government savings bonds that leveraged blockchain technology ... The bank of Thailand new scripless bonds....

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Will PTSB be Ulster Bank’s knight in shining armour?

The Irish Times 18 Sep 2020

A closure would mark the end of a storied bank and further erode competition in a market that has been hit by the exits of Bank of Scotland, Danske Bank and Rabobank from retail banking and demise of Anglo Irish Bank and Irish Nationwide since the crash....

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SMIC pegs interest rate of P10-billion bonds at 3.3613% a year

Manila Standard Today 18 Sep 2020

The property and banking businesses accounted for 61 percent and 34 percent of net income, while retail contributed 5 percent. SMIC, which has investments in banking, real estate and retail, plans to spend between P94 billion and P98 billion in capital expenditures this year....

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DIY sales jump drives fourth month of UK retail sales recovery – business live

The Guardian 18 Sep 2020

Rolling live coverage of business, economics and financial markets 8.29am BST As well as the home improvement sales that the ONS highlighted, clothing sales were also a big contributor to retail sales growth ... 8.21am BST Some more details on the UK’s retail sales increase....

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Fears for 2,500 jobs but the writing has been on wall – and Covid crisis has plunged Ulster Bank back into a loss

Irish Independent 18 Sep 2020

But the writing has been on the wall at least since its British parent split the business in the Republic from its sister bank in Northern Ireland in 2015 ... Since the north-south split in 2015, Ulster Bank (NI) has become integrated into the giant British retail bank - but it left a smaller, weaker business in the Republic....

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HDFC Bank Shares Slip As 2 US Law Firms File Class Action Suits Against It

Yahoo Daily News 18 Sep 2020

Then, on 6 August 2020, The Print reported that in July 2020, Experian Plc's Indian unit had informed the Reserve Bank of India that "HDFC Bank has been late in providing details of its loans, including the repayment status of its millions of retail borrowers" and that "[s]uch tardiness has been an issue for about two years."....

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Lebanese bank deposits slump $15bn in 2020 as confidence sinks

Arabian Business 18 Sep 2020

Banking sector deposits have fallen from $174.3 billion in late-December 2018 to $158.9 billion in December 2019 and to $143.3 billion in July ... These include loans to businesses and institutions in US dollars and also "retail, residential and personal loans" to reduce risks to borrowers and individuals as well as to banks....

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Ind-Ra downgrades Indian banking outlook to negative for H2

Beijing News 18 Sep 2020

Ind-Ra said agri (excluding farm credit) and micro, small and medium enterprises (about 25 per cent of advances in private banks and 32 per cent in PSBs) will contribute about 85 per cent of Rs 2.1 lakh crore (1.9 per cent of banking system credit) non-corporate restructuring while retail contribute remaining to the restructuring pool....

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CaixaBank and Bankia merge to create Spain's biggest domestic bank worth over $786 billion

Business Insider 18 Sep 2020

An Estelada (Catalan separatist flag) is seen on a balcony near a Caixa bank branch in Barcelona ... The deal will create a bank with assets of more than $786 billion ... The new bank that will operate under the CaixaBank brand increases the group's retail banking exposure and will have more than 20 million customers....

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Letter: Food banks on the front line of food insecurity

Gloucester Times 18 Sep 2020

Charlie Baker announced the launching of a $56 million program to expand access to food by individuals and families and target resources for local farmers, fisherman and retailers who supply food banks and pantries ... The key to combating the problem is food banks because they are key distributors for food....