Banking Retail

CHAT

Wednesday, 02 December 2020

Latest News for: Banking retail

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NPB expands into Western North Carolina

Kingsport Times-News 03 Dec 2020

Todd Asbury, president and CEO of New Peoples Bank, has announced the bank’s expansion into the Boone and Banner Elk, N.C., area with the hire of veteran bankers David Lecka, Garrett Shore, and Melissa Potter ... He spent 12 years in retail management prior to starting his banking career....

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HSBC share price rockets 50% since its 25-year low

BBC News 03 Dec 2020

The UK's biggest bank has been under increasing regulatory and economic pressure in its key markets, including Europe and Asia ... It is also weighing up a complete exit from retail banking in the US to focus on its more profitable businesses in Asia, according to sources quoted by the Financial Times....

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Fed reports slowing US economic activity due to virus surge

The Citizens' Voice 03 Dec 2020

But banks said there had been deterioration in their loans, particularly those to retailers and the leisure and hospitality industries ... 15-16 to discuss possible changes to the central bank’s interest-rate policies....

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Nomura to hire 100 for Asia wealth, fixed income expansion

Straits Times 03 Dec 2020

The bank recently picked up a team from a rival to cover Thailand and Vietnam, Mr Karkhanis said ... Nomura's Asia wealth business entered Mr Karkhanis's orbit in April when the bank moved it to the wholesale division from retail....

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Yes Bank looks to retail, SME verticals for growth

The Times of India 02 Dec 2020

Yes Bank plans to double both its assets as well as liabilities in the retail and SME (small and medium enterprises) segment in the next two years in an attempt to derisk its book and reduce costs as it seeks to grow after a RBI mandated restructuring in March ... The bank hopes to ......

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Columbia Bank Names Clint Gillum Retail Market Manager For The Inland Northwest Region

Ellensburg Daily Record 02 Dec 2020

2, 2020 /PRNewswire/ -- Columbia Bank today announced that Clint Gillum has joined the bank as a SVP, Retail Market Manager for the Inland Northwest, a region that spans eastern Washington and eastern Oregon, as well as northern and southern Idaho, and includes the Greater Spokane market ... Retail Banking Satisfaction Study....

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First National Bank Continues North Carolina Expansion with Asheville Presence

Johnson City Press 02 Dec 2020

2, 2020 /PRNewswire/ -- First National Bank, the largest subsidiary of F.N.B ... Corporation and First National Bank ... Andrea Bunn, Regional Banking Executive of FNB's Piedmont Region, said, "We are excited to open our new retail office in Asheville ... FNB's wealth management services include asset management, private banking and insurance....

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Can banks avoid being swamped by bad real estate debt?

Chicago Business 02 Dec 2020

The delinquency rate for bank loans secured by income-producing real estate in the Chicago area remains surprisingly low ... The law allowed banks to defer mortgage payments from borrowers without reporting the loans as past due ... The bank also granted deferrals on 59 percent of its retail property loans in the first period and 12 percent in the second....

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RBI'S MPC starts deliberation on policy rate

Live Mint 02 Dec 2020

The Monetary Policy Committee (MPC) of RBI began its three-day deliberation on Wednesday here amid expectations that the central bank will maintain status quo on the benchmark lending rates in view of high retail inflation ... This is the highest level of retail inflation since May 2014 when the inflation was at 8.33 per cent....

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StanChart rolls out Sing$ sustainable time deposit

Straits Times 02 Dec 2020

Standard Chartered Bank announced yesterday the launch of its Singdollar sustainable time deposit, the first local currency sustainable deposit product that enables retail and private banking investors to get returns for their investments in sustainability ... He added that the bank ......

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StanChart rolls out Singdollar sustainability-linked fixed deposits

Straits Times 02 Dec 2020

SINGAPORE (THE BUSINESS TIMES) - Standard Chartered on Wednesday (Dec 2) announced the launch of its Singdollar sustainable time deposits, which is the first local currency sustainable deposit product that enables retail and private banking investors to get returns for their investments in sustainability....

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Citizens Announces Radha Suvarna as Head of Enterprise Payments Innovation and Strategy

The Marshall News Messenger 02 Dec 2020

Consumer Bank, where he launched a digital product management function that drove key revenue growth and completed expense reduction initiatives for the Credit Card and Retail Businesses ... Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and ......

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Rising debit bounce rate indicates stress

The Times of India 02 Dec 2020

Although most lenders have been reporting a collection efficiency of over 95% on their retail loans and lower-than-expected delinquency following the pandemic, there are indications of stress among bank customers....