Banking Retail

Latest News for: Banking retail

'It was a hoppin' place': Locals remember Sears' heyday as store goes away

Bowling Green Daily News 21 Oct 2018

Sears, once the biggest retailer in the nation and a mainstay of Bowling Green's economy since the 1950s, is going out with hardly a whimper, let alone a bang ... The online shopping juggernaut led by Amazon has turned more than a few brick-and-mortar retailers into roadkill ... Penney, Woolworth's, Pushin's, various banks and car dealers and a few speciality retailers....

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INTERVIEW: SABB Managing Director David Dew steering through historic transaction in Saudi banking

Arab News 20 Oct 2018

David Dew has been working in banking in the Middle East and other emerging markets for 40 years, and you might think he has seen it all ... The transaction has its origins in the different imperatives of foreign banks operating in the Kingdom ... Comprising as much as 75 percent of the new bank’s business, the corporate sector will be crucial ... This is the future for the retail banking business, and we will build on Alawwal’s strengths here....

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Morgan Stanley lists out 10 disruptions for equity markets in the next 10 years

Moneycontrol 20 Oct 2018

Financials sector could witness major disruption with the SOE banks giving a share to the private sector, particularly in deposits ... Morgan Stanley believes that UPI will help banks deliver and recollect loans at a low cost to borrowers ... The immediate implication is that stock performance within banks may move from the so-called retail banks to the corporate banks (banks that dominated the previous loan cycle to corporate capex)....

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STOCK WATCH: Big bank stocks 'scream cheap' ahead of results

This is Money 20 Oct 2018

Analysts reckon share prices of many big banks could be on the verge of a hefty jump ... Ian Gordon, banking ... 'On any conventional measure, bank stocks scream 'cheap',' Gordon said....

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JPMorgan Chase plans ‘fintech’ site in Silicon Valley

Taipei Times 20 Oct 2018

The New York-based financial giant, the biggest US bank by assets, is to build the new campus in Palo Alto, California, which is also home to Stanford University ... The move came as banks such as Bank of America Corp and Wells Fargo & Co cut retail branches as more consumers shift to digital banking, particularly through mobile phones....

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CBN boosts inter-bank market with $337m, CNY53m

Business Day Online 20 Oct 2018

The CBN intervened in the Retail Secondary Market Sales (SMIS) to the tune of $337,333,646.85, in addition to the sum of CNY53,444,222.38 million in the spot and short tenored forwards of the inter-bank Please visit https.//www.businessdayonline.com/markets/article/cbn-boosts-inter-bank-market-with-337m-cny53m/ to access this member content....

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Q2 Earnings: HDFC Bank’s Profit Meets Estimates, Asset Quality Stable

Yahoo Daily News 20 Oct 2018

HDFC Bank Ltd’s quarterly profit met analysts’ estimates on the back stable asset quality and healthy fee income ... The bank’s net interest ... The bank's retail loan portfolio rose 23.8 percent from compared to the year-ago period, while the overall advances stood at Rs 7,50,838 crore .Other Highlights....

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The head of tech at one of the world’s largest consulting firms says the way businesses are piling into AI is different than anything they’ve ever seen

Business Insider 20 Oct 2018

He continued ... The companies on the cutting edge of the mobile phone trend tended to be banking and financial services firms, for example, while retailers tended to be the first ones to adopt e-commerce ... And instead of the interest being focused on a particular industry, it ranges from everything from the retail segment to utilities, he said ... Banks are using such technologies to try to better and more easily flag suspect transactions ... ....

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U.S. Growth In Q3 To Guide Dollar

Seeking Alpha 20 Oct 2018

The Canadian dollar was dragged down in the last trading day of the week after softer than expected retail sales and inflation data. Next week's Bank of Canada (BoC) monetary policy meeting is anticipated to bring a 25 basis point rate hike. Despite the miss, inflation has been above the central bank's target and businesses are optimistic about strong sales....

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The Charles Schwab's (SCHW) CEO Walt Bettinger on 2018 Fall Business Update - Transcript

Seeking Alpha 20 Oct 2018

Mike Carrier – Bank of America Merrill Lynch ... Brian Bedell – Deutsche Bank ... Jeremy Campbell – Barclays Bank ... And while our betas have been lower than some of the traditional banks, that's the function of our retail versus institutional or commercial client base and of our segment and approach to meeting the needs of our clients ... And our first question comes from the line of Mike Carrier from Bank of America Merrill Lynch ... [Deutsche Bank]....

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Zerodha Joins The Effort To Lure Retail Investors To Government Bonds

Yahoo Daily News 19 Oct 2018

Retail investors love their equities ... To be sure, some banks including IDBI Bank Ltd. and Axis Bank Ltd ... In 2017, the central bank said that specified stock exchanges will be “permitted to act as aggregators/facilitators for retail investor bids in the non-competitive segment for the auction of dated securities and treasury bills of the Government of India.” In April this year, stocks exchanges launched these services....

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Customers 'trust traditional banks over digital startups'

Irish Independent 19 Oct 2018

WITH its young population, Ireland looks ripe for non-traditional bank startups like Britain's Revolut and Germany's N26 to get a large footprint in the market, although banks reckon customers still trust them with their money more than new entrants and others like retailers who are offering financial services....

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DCB Bank: Steady Q2; buy for the long term

Moneycontrol 19 Oct 2018

The retail and micro, small and medium enterprise (MSME)-focused bank stands out for its comfortable asset quality in the sector marred by high non-performing assets ... However, we draw comfort from the share of retail deposits (retail term deposits including non-resident Indian deposits) which is 51 percent of total deposits as at September-end and lends stability to the bank's resources profile.Earnings growth to drive the upside....

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