Banking Retail

Latest News for: Banking retail

Buy This 3.4% Yielding Dividend Aristocrat With A Century-Long Dividend Track Record

Seeking Alpha 22 Sep 2018

The bank operates across four business segments, with Canadian Retail still contributing the majority to net income ... Being a Canadian bank, the Canadian Retail segment is of utter importance to the bank as it represents the majority of its earnings and has been very predictable and reliable in the past ... Although the bank already has almost 2,400 ......

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CBN injects $317.52m, CNY 58.40m into retail SMIS

Business Day Online 22 Sep 2018

The Central Bank of Nigeria (CBN) has continued its intervention in the retail Secondary Market Intervention Sales (SMIS) by injecting a total of $317.52million in that segment of the market in addition to CNY58.40 million in the spot and short-tenored forwards segment. The figures obtained from the apex Bank on Friday, September 21, 2018, Please ......

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Only virtual systems, hyperconvergence can tackle explosive growth in retail finance

Suryaa 22 Sep 2018

The banking sector, with its legacy infrastructure and outdated modes of operating cannot meet the financial inclusion objectives unless it digitally transforms. Virtualisation and hyperconvergence have to be adopted by the banks to meet the challenges thrust upon them ... Virtualisation can also enable interesting retail business models such as Tab banking and micro-ATMs, often operated by non-banking partners, as part of rural banking....

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Bank to celebrate grand reopening

Newburyport Daily News 22 Sep 2018

NEWBURYPORT — To bring improved technology and service together, Newburyport Five Cents Savings Bank has redesigned the interior of its branch at 21 Storey Ave ... The new touch screen includes a children’s area where they can learn fun facts about money and banking ... The Storey Avenue branch will serve as a template for the future, according to Keri Sullivan, senior vice president of retail banking....

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What does the future hold for Pennsylvania's dying malls?

The Bradford Era 22 Sep 2018

The Bon-Ton is among the final holdouts of The Point at Carlisle Plaza, built in 1964 amid a nationwide retail boom that drew commerce away from downtowns and closer to a rising suburban middle class. But retail is a fickle business subject to the whims of demographics, the economy and popular taste ... They were just happy to carve out a niche among the retail giants ... A Panera Bread and an additional bank branch occupy new outbuildings....

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Fitch upgrades India's growth forecast for FY19 to 7.8%

International Business Times 22 Sep 2018

"And despite the central bank's (RBI) greater tolerance for currency depreciation, interest rates have been raised by more than anticipated.". Fitch estimated retail inflation to rise up to the higher end of the Reserve Bank of India (RBI)'s target of 4 per cent with a band range of 2 per cent either way, owing to the relatively high demand-pull pressures and the steep depreciation of the rupee....

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Can NAB's Mike Baird help bankers deal with their reputation woes?

Canberra Times 22 Sep 2018

The former premier's political skills face a new test as he moves into retail banking ... ....

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China races to get goods to the US before tariffs hit

The Keene Sentinel 22 Sep 2018

The race is on to get Chinese goods into the U.S. before President Donald Trump’s tariffs bite ... Anticipated price hikes on household goods at retailers like Walmart Inc ... companies to preemptively load up on those goods, too, Deutsche Bank said in a report this week. The National Retail Federation in the U.S ... For small high-tech toys that have higher retail prices, some clients are willing to upgrade from sea freight to air, he said ... 1 ... ....

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People's United Financial Schedules Conference Call To Review Third Quarter 2018 Results

Market Watch 21 Sep 2018

About People's United Bank, N.A. People's United Bank, N.A ... People's United Bank, founded in 1842, is a premier, community-based, regional bank in the Northeast offering commercial and retail banking, as well as wealth management services through a network of nearly 400 retail locations in Connecticut, New York, Massachusetts, Vermont, New Hampshire and Maine....

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MARKET WRAP: JSE ends week higher on improved risk sentiment

Business Day 21 Sep 2018

Banks, financials and retailers rallied on the day, supported by industrials, as global risk-on sentiment dominated markets on renewed weakness in the dollar ... “Risk is having a great time at the moment," said Jim Reid, an analyst at Deutsche Bank, in a note to clients ... The all share ended Friday 1.09% higher at 57,164.30 points, with banks up 3.16%, general retailers 2.21% and financials 1.97%....

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Wells Fargo to reduce headcount by 5-10% in next 3 years

Moneycontrol 21 Sep 2018

... as well as normal team-member attrition over that period, the fourth-largest US bank said ... Wells Fargo, smarting from a prolonged sales scandal in its retail banking business, has been a subject of a number of regulatory probes....

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Neiman Marcus bondholder says company may be in default

This is Money 21 Sep 2018

NEW YORK, Sept 21 (Reuters) - Distressed investor Marble Ridge Capital LP said in a letter to Neiman Marcus Group Ltd LLC that the luxury department store company may be in default on its debt after it moved its Mytheresa business into an entity belonging to the retailer's private equity owners ... Reuters reported last year that Neiman Marcus was working with an investment bank to address its debt load....

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Cadila, Lupin, information technology stocks may steal the show today

DNA India 21 Sep 2018

Bank Nifty has corrected sharply in the past few weeks, should see some bounce from 26100 levels from its 200-day average. Private Retail Banks should lead to the positive momentum ... Godrej Consumer Products Bank Nifty Vikas Jain Reliance Securities Quick 5....

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