[ad_1] Barclays bank reported second quarter earnings Thursday. Bloomberg | Bloomberg | Getty Images Barclays said Thursday that it expects to earn less interest in its U.K. division, as analysts flagged the bank’s “modestly disappointing” set of results. The British lender reported a net income of £1.3 billion ($1.68 billion) for the second quarter, in … Read more
[ad_1] Employees of the public banks have played a crucial role in upholding national values, official said. Guwahati: All India Bank Officers’ Confederation (AIBOC), the body of bank officers in the country, on Tuesday, said state-run lenders are in “real danger of privatisation” despite playing a crucial role in closing the economic divide in society. … Read more
[ad_1] A HDFC Bank branch in Mumbai, India, on Friday, April 14, 2023. Bloomberg | Bloomberg | Getty Images India’s largest private lender HDFC Bank has completed its merger with Housing Development Finance Corporation, the country’s biggest mortgage lender, in a deal that pits the new entity against the world’s largest banks. The merger took … Read more
[ad_1] UBS expects to complete its takeover of Credit Suisse “as early as June 12”, which will create a giant Swiss bank with a balance sheet of $1.6 trillion. Fabrice Coffrini | Afp | Getty Images UBS expects to complete its takeover of Credit Suisse “as early as June 12”, which will create a giant … Read more
[ad_1] JPMorgan Chase CEO Jamie Dimon talks to reporters as he leaves the U.S. Capitol after an unannounced meeting with U.S. Senate Majority Leader Schumer that was reportedly about the possibility of the U.S. defaulting on its debt, outside the U.S. Capitol in Washington, May 17, 2023. Evelyn Hockstein | Reuters JPMorgan Chase CEO Jamie … Read more
[ad_1] Last Updated: May 20, 2023, 02:35 IST Angel tax is a commonly used term for tax imposed when shares of an unlisted entity are issued to an investor at a price more than its fair market value. Angel tax is a commonly used term for tax imposed when shares of an unlisted entity are … Read more
[ad_1] Jonathan Raa | Nurphoto | Getty Images Deutsche Bank agreed to pay $75 million to victims of sex predator Jeffrey Epstein to settle a federal lawsuit accusing the bank of enabling and benefitting from its customer’s sex trafficking of young women, sources told CNBC on Wednesday night. The bombshell deal still leaves JPMorgan Chase … Read more
[ad_1] Jamie Dimon, CEO of JPMorgan Chase, testifies during the Senate Banking, Housing, and Urban Affairs Committee hearing titled Annual Oversight of the Nations Largest Banks, in Hart Building on Sept. 22, 2022. Tom Williams | CQ-Roll Call, Inc. | Getty Images JPMorgan Chase CEO Jamie Dimon said Tuesday that it’s not likely his bank … Read more
[ad_1] Berkshire Hathaway CEO Warren Buffett on Saturday assailed regulators, politicians and the media for confusing the public about the safety of U.S. banks and said that conditions could worsen from here. Buffett, when asked about the recent tumult that led to the collapse of three mid-sized institutions since March, launched into a lengthy diatribe … Read more
[ad_1] Leading banks offer lower interest rates on loans to female borrowers as part of their specialised schemes. (Representative image) Apart from banks and NBFCs, the government also offers some relief to women in terms of tax concessions. Many banks and non-banking financial companies (NBFCs) in India provide specialised schemes for women, with the aim … Read more