Latest News for: Banking retail

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Activist investor Edward Bramson admits defeat in Barclays war

The Irish Times 07 May 2021
Mr Bramson’s opposition to Barclays’ strategy focused on its investment bank, which Mr Staley refused to retreat from despite years of subpar returns compared with the group’s retail and credit card units ... Mr Staley argued the developments vindicated his thesis that an investment bank was a good counterbalance to retail lending during a crisis.
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Cryptocurrency regulation problem smoldering in India, public retail settlement group postpones suspension of use

OBN 07 May 2021
Rupay, which is also affiliated with JCB in Japan, supports debit cards, credit cards, and prepaid cards issued by Indian domestic banks, and is the cornerstone of the retail electronic payment system in India ... Bank consults with NPCI. The Economic Times has told industry insiders that some banks have offered NPCI to limit transactions via UPI.
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Trillion-dollar issue

Dawn 07 May 2021
THIS refers to the write-up ‘Bank treasurer ... In the last three-quarter report for the year 2020, the bank proudly claimed that another segment of the bank ‘non-fund income’ showed a remarkable increase of more than 50pc with hardly any expenses incurred, so why not give a little credit to retail banking group also?.
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Barclays activist investor sells entire stake

Market Watch 07 May 2021
LONDON -- Edward Bramson's Sherborne Investors said it sold its entire stake in Barclays PLC, giving up on a yearslong activist campaign to restructure the bank. Sherborne, which seeks to influence the strategy of companies it owns shares in, was one of the bank's biggest shareholders with a 6% stake before the sale ... retail bank.
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Regional Food Bank of Oklahoma excited to welcome back volunteers after a year without them

The Oklahoman 07 May 2021
The Regional Food Bank of Oklahoma is setting the stage to welcome volunteers back to its warehouses for the first time in more than a year ... The food bank was no different ... The food bank made purchases to replace goods normally received from retailers and manufacturers.
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Citigroup Considers Offering Crypto Services to Clients amid Increased Interest in Digital Assets

Coinspeaker 07 May 2021
According to the bank executive, Citigroup’s plan to consider crypto services was fueled by a “very rapid” increased interest of clients in digital assets. New York-based investment banking company Citigroup Inc (NYSE ... The development was revealed by the bank’s global head of foreign exchange, Itay Tuchman.
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IDBI expects 2% of small borrowers to opt for recast

The Times of India 07 May 2021
Private lender IDBI Bank. expects just about 2 per cent of its individual and MSME borrowers to seek restructuring under the central bank window that allows borrowers with up to Rs 25 crore exposure to avail the facility ... “Our portfolio is very strong and 90 per cent of the retail loans are in the mortgage category, to highly rated borrowers.”.
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Qurate Retail, Inc. Reports First Quarter 2021 Financial Results

The Marshall News Messenger 07 May 2021
Qurate Retail, Inc. ("Qurate Retail") (Nasdaq ... “We generated outstanding results across all our businesses and markets,” said Mike George, President and CEO of Qurate Retail ... Total Qurate Retail Revenue ... Total debt at Qurate Retail increased $71 million in the first quarter due to borrowing at Zulily under QVC’s bank credit facility ... Qurate Retail, Inc.
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BreakingviewsMacquarie will struggle to match market exuberance

Reuters 07 May 2021
The A$57 billion bank is well-balanced. It owns the country’s fifth-largest retail lender, whose deposits grew 26% over the latest financial year ... energy price hikes caused by the Texas winter storm in February, its investment banking business performed well overall ... The bank will set science-based emissions targets as part of its push.
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Vietnam Has Big Plans for Infrastructure. Investors Have a Reason to Ease Back Into the Market.

Barrons 07 May 2021
2 ... “We’re playing the interlocked sectors of property, banks, and steel,” he says ... Shares in retail champion (MWG.Vietnam) are up 20% year to date and still have upside, says Andrew Brudenell, lead frontier markets manager at Ashmore Group ... That, and a decline in bank interest rates, pushed some three million retail investors into stocks, Stoops says.
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Sify reports Revenue of INR 24,320 Million for Financial Year 2020-21

Tyler Morning Telegraph 07 May 2021
Network Centric Services added 236 new customers in the year across various verticals and segments.In what is the biggest win of the year, the country’s largest bank signed a multi-year contract for setting up next generation NOC and management of network across 4 Data Centers in ...
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April’s FX Volume on Saxo Bank Dives 27% MoM

Finance Magnates 07 May 2021
After a continuous surge in trading demand for a few months, Saxo Bank has reported a significant decline in monthly forex trading volumes for April, along with a dip in overall trading demand ... A similar downturn can be seen across most of the other asset classes offered with which Saxo Bank offers retail trading services ... ....
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Commerzbank strikes deal with workers over job cuts

Metro USA 07 May 2021
... representatives, hoping to clinch a deal before the bank’s annual shareholder meeting this month ... Knof, who trained as a lawyer, spent the bulk of his career at insurance giant Allianz before joining Deutsche Bank in 2019, where he was head of retail operations in Germany.
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30 pc jump in campus placements in engineering colleges in Hyderabad

The Siasat Daily 07 May 2021
Hyderabad ... According to a report published in Time of India, many companies hired newly-graduated engineers ... Director of training and placements at Vasavi College of Engineering, K Kishore said that due to the rise in digital banking, e-retailing etc., more service-based companies offered jobs ... 6 lakh, he added ... .
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Red Bank apartments: Will Count Basie Theatre get a new neighbor?

Marietta Daily Journal 07 May 2021
RED BANK - A developer is proposing a 32-unit apartment complex with retail on the ground floor in a project that would be diagonally across from the Count Basie Theatre and in walking distance to the train station. Park Valley ... .
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