Tag: Banking Sector
-
Trade Setup for October 31: Top 15 Things to Know Before the Opening Bells
Overview: Nifty Prepares for October 31 Trading As October 31 approaches, traders are eyeing a cautious start after the Nifty 50 failed to sustain follow-through buying on October 30. The index closed below the 26,000 mark, with a 0.7% dip influenced by the Federal Reserve’s policy stance and evolving risk sentiment. With the pre-market mood…
-
Dow Jones Slide Amid Banking jitters as AI hardware stocks rally
Market Overview: Banks Weigh on The Dow, Yet AI Hardware Stocks Shine The stock market faced a cautious session as concerns over regional banks and a lingering federal funding stalemate overshadowed gains in technology shares. The Dow Jones Industrial Average traded lower, with financial shares among the hardest hit, while the broader market saw pockets…
-
Lloyds Warns of Bigger Hit from Car Finance Scandal as FCA Figures Lag Behind
Overview: Lloyds tightens its stance on the car finance scandal Lloyds Banking Group has warned that the financial impact of the motor finance mis-selling scandal could be more severe than it had previously anticipated. After initially setting aside about £1.2bn to cover compensation payments, the lender indicated on Thursday that an additional provision is likely…
-
Lloyds Warns of Bigger Hit from Motor Finance Scandal as Provisions Rise
Overview: Lloyds signals a potentially larger bill from car loan mis-selling Lloyds Banking Group has indicated that its financial exposure to the motor finance scandal could be larger than previously anticipated. The group signalled that additional provisions may be required as investigations advance and the scope of potential payouts becomes clearer. This development adds another…
-
Tel Aviv Stock Exchange Rally: One-Year Gains in Three Days
The Tel Aviv Stock Exchange’s Crazy Week: One-Year Returns in Three Days The Tel Aviv Stock Exchange (TASE) delivered a performance few could have predicted at the start of the week. A sharp rally, sparked by geopolitical developments and hopeful signals about post-war economic policy, produced what looked like a year’s worth of gains in…
-
Bank Hapoalim Strike Expands as Branches Close at Noon
Bank Hapoalim Strike Expands as Branches Close at Noon Bank Hapoalim workers in Israel have expanded their stoppage, with branches and service centers set to shut down from 12:00 noon until the end of the workday. The action follows a warning strike carried out last week and involves about 8,000 employees across all units, including…
-
Government Banks Aiming for Top 20 Global Ranking
Introduction In a move aimed at transforming India into a developed nation by 2047, significant changes are underway in the banking sector. The ambition is to elevate two of India’s government banks among the top 20 banks globally, marking a pivotal shift in the country’s financial landscape. The Vision for 2047 The drive to include…
-
India’s Vision: Two Public Sector Banks in the Global Top 20 by 2047
India’s Ambitious Goal for Public Sector Banks India is setting its sights on an ambitious goal: to have two of its public sector banks (PSBs) ranked among the world’s top 20 banks by the year 2047. This vision comes at a pivotal time as the country strives to enhance its global economic presence and demonstrate…
-
India’s Government Banks Aim for Top 20 Global Ranking by 2047
Introduction As India strides towards becoming a developed nation by 2047, significant transformations are underway in the banking sector. Among the ambitious goals set, one of the most notable is for two government banks to join the ranks of the world’s top 20 banks. This initiative is part of a broader strategy aimed at enhancing…
-
Investment Surge: €4 Billion in New Loans for Greek Businesses
Introduction In 2023, Greek banks have demonstrated a significant commitment to supporting the country’s economy by issuing new loans amounting to approximately €4 billion to local businesses. This financial infusion marks a pivotal development in Greece’s economic landscape, particularly as it seeks to recover from the financial challenges of recent years. Details of the New…