Jane Fraser, chief executive officer for Latin American at Citigroup Inc., speaks during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, April 29, 2019. Kyle Grillot …
Finance
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The share of digitally-paying households would rise to 46% if those who desire to pay digitally are converted into actual users and to 54% if users who slipped off are …
- Finance
RBI’s Financial Stability Report: Private banks’ credit to PSUs grew in 2020, while PSB credit fell
Only in March 2020 did PSBs see a marginal rise in credit to private firms amid a rush for credit in the initial months of the lockdown. In a reversal …
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Chip Somodevilla | Getty Images News | Getty Images President-elect Joe Biden’s pandemic relief package would extend income support for millions of unemployed workers through September 2021 and increase jobless …
- Finance
Healthtech firm Accolade is buying telemedicine start-up 2nd.MD for $460 million, sources say
Raj Singh, chief executive officer of Accolade speaks during the GeekWire Summit event in Seattle, Washington, Oct. 3, 2018. David Ryder | Bloomberg | Getty Images Accolade, a health care …
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Federal Reserve Chairman Jerome Powell affirmed his commitment to keeping interest rates low for the foreseeable future even as he expressed hope for a strong economic recovery. “When the time …
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[The stream is slated to start at 12:30 p.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chairman Jerome Powell …
- Finance
Crypto investment firm Grayscale sees 900% jump in assets to $20 billion amid bitcoin frenzy
Mykola Tys/ | LightRocket | Getty Images Grayscale saw its assets under management skyrocket as Wall Street used it as a proxy to invest in bitcoin. The New York-based investment …
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Power Finance Corporation’s first tranche of NCD (non-convertible debenture) issue for Rs 5,000 crore opens for subscription on January 15. The issue closes on January 29 and has an option …
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A medical worker collects a swab sample from a child at a community Covid-19 testing site in Qiaoxi district of Shijiazhuang, capital of north China’s Hebei Province on Jan. 12, …
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Traders work on the floor of the New York Stock Exchange. NYSE U.S. stock futures rose on Wednesday night as traders kept an eye on interest rates and lingering turmoil …
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Pedestrians pass in front of a Nordstrom Inc. store in the Midtown neighborhood of New York, on March 20, 2020. Gabby Jones | Bloomberg | Getty Images Check out the …
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The group will study all aspects of digital lending activities in the regulated financial sector as well as by unregulated players so that an appropriate regulatory approach can be put …
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Narang said barring a few large entities, the cost of deposits for private banks is typically higher than that for public sector banks (PSBs). State Bank of India’s (SBI) decision …
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An exterior view of Party City store, who are closing their doors on July 08, 2020 in Pembroke Pines, Florida. Johnny Louis | Getty Images Check out the companies making …
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Andy Beshear, governor of Kentucky Scotty Perry/Bloomberg via Getty Images Kentucky is sending $400 checks to thousands of unemployed workers in the state who didn’t qualify for an earlier round …
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Win McNamee | Getty Images News | Getty Images The recent Covid relief package offers 11 extra weeks of jobless benefits to workers. Many, but not all, will be eligible …
- Finance
Investors are looking for some clarity from the upcoming earnings season, but likely won’t get it
People pass a sign for JPMorgan Chase at it’s headquarters in Manhattan, New York City. Spencer Platt | Getty Images Earnings season is upon us, but traders will be far …
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A credit card pictured on a computer keyboard. Peter Dazeley | The Image Bank | Getty Images LONDON — “Every company will be a fintech company,” Angela Strange, a general …
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A worker pours molten iron into a mold at a mill manufacturing marine engine components in Huaian, Jiangsu province, China February 11, 2019. Reuters BEIJING — Financial institutions are betting …
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U.S. stock index futures were little changed in overnight trading on Tuesday, after a session that saw stocks alternate between gains and losses. Futures contracts tied to the Dow Jones …
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More than two decades ago, Donald Trump the New York developer found refuge at Deutsche Bank after a syndicate of lenders, including predecessor firms to JPMorgan Chase and Citigroup, cut …
- Finance
Stocks making the biggest moves after hours: Urban Outfitters, KB Home, Repay Holdings & more
Check out the companies making headlines in after hours trading. Urban Outfitters — Shares of the retailer slid more than 11% after Urban Outfitters said net sales for the two …
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The year 2021 promises to be “the year of the value chain” for the fintech sector. By Rachit Chawla The fintech sector is a combination of finance and technology. Since …
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Esther George, President & CEO of Kansas City Reserve Bank during the annual Jackson Hole symposium in Wyoming on August 23, 2019. Gerard Miller | CNBC Long-dormant inflation could rebound …
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An examination of the transition of a constant sample of non-PSU non-financial wholesale performing exposures to SMA status between August and November 2020 reveals accumulation of outstanding in SMA-0/1/2 categories, …