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S&P expects Omani banks’ credit losses to stabilise
1729348870 from BANKING
… positively note that Omani banks have a diversified lending … and corrective measures to reduce banks’ vulnerability to financial crises … for Omani banks, saying, ‘We expect the banking system’s … of industry risk, the banking system somewhat mitigates its …
India Boom Set to Drive Private Credit and Bond Expansion: Credit Weekly
1729346400 from BLOOMBERG
Talk with anyone in international finance now, and the discussion will sooner or later turn to India. The country’s bonds are being added to global indexes, drawing some of the market’s biggest fund managers who are betting on strong economic growth.
FD interest rates: These 7 banks offer highest rates on 3-year fixed deposits. Check list here
1729331240 from BANKING
… the rate cut cycle starts, banks will follow suit by lowering … list out the top seven banks which offer high interest rates … Bank 7 7.6% (Source: Banks' websites) Another private lender …
Banks begin to lower cost of credit amid Treasury pressure
1729288184 from BANKING
… . [File, Standrda] Commercial banks have started lowering lending rates … portfolios. The reluctance by banks to lower interest rates … single interest rates.” “The banking sector in Kenya is the … of credit, urging commercial banks to consider lowering their …
Several banks are still paying close to 5% for your cash, one month after the Fed cut rates
1729283529 from BANKING
… savings account rates at bigger banks — such as Ally, Synchrony, and … offered by credit unions, not banks. While many credit unions limit … -yield checking account at some banks and credit unions, but expect …
US Election Sweep, No Sweep Matters a Lot for Bonds: BofA’s Swiber
1729276243 from BLOOMBERG
Bank of America Director of US Rates Strategy Meghan Swiber says a US election sweep, or no sweep matters a lot for markets. Parametric SMA Portfolio Management Managing Director Nisha Patel say it's an opportunity for bond investors to lock in yields. They speak with Sonali Basak on "Real Yield." (Source: Bloomberg)
Debt Concerns Fuel Gold's Rise as Treasury Bond Alternative
1729264605 from GOLDSILVER
As gold prices continue to rise, Bank of America analysts propose that it might become a safer investment option than Treasury bonds. This shift is attributed to increasing U.S. debt levels, potential post-election spending increases, and global economic challenges. While Treasury bonds have long been considered a safe haven, growing concerns about government borrowing could lead investors to view gold as the ultimate safe asset, potentially driving its price to $3,000 per ounce.
Wall Street Sniffs Out Worry in Credit Cards, Auto Loans
1729262117 from BLOOMBERG
American Express Co.'s trim to full-year revenue guidance spooked investors, who detected ``a little bit of a question mark'' over consumers' strength, Bloomberg's Katherine Doherty says. Traders had a similar reaction to results from Ally Financial Inc., which reined in new auto lending as borrowers struggle with high debt loads, Doherty says on "Bloomberg Open Interest." (Source: Bloomberg)
Crisis-Ridden Bolivia Is Suddenly a Surprise Bond Play
1729261873 from BLOOMBERG
Bolivia’s dollar bonds have soared to the highest in a year as KNG Securities turned positive on the notes and former president Evo Morales faced legal challenges, reducing his chances of returning to power in the crisis-ridden nation.
Chicago Schools Drama Has Credit Assessors on Alert for Risks
1729026627 from BLOOMBERG
The abrupt changeover in leadership at the Chicago Board of Education has caught the attention of Moody’s Ratings, which said analysts are monitoring the situation amid mounting financial challenges for the school district.
Billionaire Takes on Bondholders in Battle for DirecTV
1729004428 from BLOOMBERG
Welcome to The Brink. I’m Reshmi Basu, a reporter in New York, where I’ve been reporting on Charlie Ergen’s bondholder problem while trying to DirecTV. We also have the latest on Ukraine and battery maker Northvolt. Follow this link to subscribe. Send us feedback and tips at debtnews@bloomberg.net.
Saudi Prince’s Visit Sparks Egypt Bond Rally on Bets for Flows
1729002968 from BLOOMBERG
Egypt’s dollar bonds rallied to two-year highs Tuesday as investors speculated that a visit by Saudi Arabia’s Crown Prince Mohammed bin Salman will translate into fresh investments being pumped into the North African nation.
Bank of America profit beats expectation on investment banking, trading strength
1728997550 from BANKING
… solid,” citing growth in investment banking, asset management fees, and … said he expected investment banking revenue to be broadly … growing NII from here. Banks have been paying out higher … risks of defaults, prompting banks to build bigger provisions for …
Bank of America Q3 Earnings: Profit Drops 12% On Loan Loss Provisions, Investment Banking Fees Soar 18%
1728997376 from BANKING
… Chase Q3 Earnings: Investment Banking Revenue Soars 29%, Largest Bank … asset management, and investment banking fees offset the decline in … . Segment Net income: Consumer Banking $2.69 billion vs. … pose a tailwind for banks through cheaper borrowing rates …
Goldman Sachs Q3 Earnings: Investment Banking Fees Surges 20%, Asset & Wealth Management Up 16%, But Fixed Income Falters
1728995686 from BANKING
… higher net revenues in Global Banking & Markets and Asset … revenues in Platform Solutions. Global Banking & Markets revenues were $8 … /Y increase in investment banking fees to $1.87 billion …
Fukoku Life Sees BOJ Hikes Bringing JGB Yields Toward Targets
1728979200 from BLOOMBERG
Fukoku Mutual Life Insurance Co. sees the Bank of Japan raising interest rates as many as two times before the end of March, and plans to invest in the nation’s super-long government bonds under the right conditions.
Why many banks are preparing for an uptick of bad loans
1728946352 from BANKING
… in the coming weeks. Big banks started reporting this past Friday … words, they’re getting cautious. Banks always stock away some cash … in good times and bad, banking involves a certain amount of … uncertain right now, Schiff said banks need to keep making loans …
Amid liquidity crunch, banks offer high rates to lure depositors
1728929741 from BANKING
… to industry insiders, some banks are currently struggling to maintain … Bank, said some banks, including Islamic banks, have been facing … the entire banking sector. Although crisis-hit banks have been … reduce the income of the banks. Khondaker Golam Moazzem, …
Samara Asset Group plans to issue $32.8m bonds to boost its Bitcoin holdings
1728905089 from CryptoNWS
Samara Asset Group will issue a €30 million ($32.8 million) bond through Pareto Securities, which it will use to expand its Bitcoin reserves and diversify its holdings. According to the investment firm’s press release on Oct. 14, Samara Asset Group…