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U.S. banks’ unrealized losses soar to 7 times 2008 crisis levels
1729371135 from BANKING
… 2008 financial crisis, where banks faced $100 billion … directly to securities that banks had previously acquired, … these securities plummeting, throwing banks deeper into the red … hammered their valuation, pushing banks’ unrealized losses even further …
A Toxic Concoction of Political Interference, Nepotism, Corruption in Banking and Finance
1729365747 from BANKING
… to facilitate tainted deposits, disregarding banking guidelines. This is deeply disconcerting … correspondent banking relations and highlight for the need for our banks, particularly … strictly avoided, to ensure the banking system operates with transparency, …
Cypriot banks brace for impact of ECB rate cuts
1729355378 from BANKING
… anticipate lower monthly payments, banks are seeking ways to maintain … previous rate cuts, Cypriot banks’ profits for the first … variable interest rates on the banks’ loan portfolios. While … To navigate these challenges, banks are planning to increase lending …
Advisor Moatoshi Longkumer calls for sustainable agriculture
1729354228 from AG NEWS
… Saturday. DIMAPUR — The School of Agricultural Sciences (SAS), Nagaland University, … , scientists, politicians, bureaucrats, and agricultural professionals, according to a press … focus on research in sustainable agriculture, modern farming, and climate …
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 …
Call for sustainable agriculture practices to counter the growing threats posed by climate change
1729345645 from AG NEWS
… Research Centre (AERC), Ministry of Agriculture & Farmers’ Welfare, in association … on ‘Climate Change and Indian Agriculture: Sustainable Practices,’ on the university … of sustainable practices across the agricultural landscape of Andhra Pradesh and …
Silver Prices Surge: Banks Face Billion-Dollar Losses
1729341322 from BANKING
… among just five U.S. banks. Industry analysts are questioning … : Gold Short Position For Banks Reaches All-Time Record Critics … paper contracts and physical metal. Banks can sell short excessive amounts … silver prices could force these banks to buy back large …
Banks profitability shifting towards dollarisation-IH
1729335154 from BANKING
… year, enabling registered lenders, banks, or any other financial … withdrawals by foreign-owned banks, international lines of credit … for commercial banks had steadily dried up. … active engagement with regional banking institutions after a 22- …
Balancing oil wealth and agriculture for economic growth; Berbice Expo & Trade Fair 2024 opens
1729333083 from AG NEWS
… opportunities for economic growth, the agriculture sector must remain a cornerstone … a key focus on increasing agricultural production, improving infrastructure, and modernizing … its commitment to transforming our agriculture sector, creating a modern, …
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 …
Technological innovation and policy synergy boost consumption growth
1729330397 from CGTN
China is leveraging technological innovation and targeted government policies to boost consumer spending and drive economic growth. From subsidies for green home upgrades to initiatives supporting technological integration, these measures are influencing how consumers engage with products and services, ultimately enhancing the quality of everyday life.
Latest NBE directive introduces terms for banking liquidity crisis bailouts
1729328214 from BANKING
… to inject cash into solvent banks “experiencing temporary liquidity challenges” … the stability of the banking system.” A bank looking … birr at most banks. Experts and banking industry insiders have … the NBE instructed commercial banks to cap their forex …
Banks’ NII to take a hit in rate-cut cycle: IOB chief
1729289699 from BANKING
… Bank. Interest incomes of banks having higher exposure to retail … policy rate, putting pressure on banks’ marginal cost of funds- … decline as a percentage of banks’ overall lending books, Srivastav … to put their savings in banks. Banks having less than 80% of …
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 …
CBL to injects 15 billion dinars into banking system
1729287983 from BANKING
… billion Libyan dinars into the banking system to ease cash shortages … Al-Barassi, and senior banking executives at the CBL’s … 15 billion dinars across Libyan banks in the coming months, starting … payments: The CBL is encouraging banks to issue more debit and …
Big banks wary of tax raid in budget
1729287540 from BANKING
… rises in the budget. Lloyds Banking Group, Barclays and NatWest are … with its investment banking business. Gary Greenwood, banks analyst at the … month that the boom which banks have enjoyed has left … on their balance sheet. UK banks argue that they shoulder a …
Rob Arnott Warns Against Concentrating on US Growth
1729284632 from BLOOMBERG
Research Affiliates founder and Chairman Rob Arnott discusses inflation’s impact on value stocks. He says “value is very near its cheapest levels ever.” Speaking on "Bloomberg The Close," Arnott says concentrating on US growth for core holdings is "as dangerous an exercise as picking up nickels in front of a steamroller." (Source: Bloomberg)
US Posts $1.8 Trillion Annual Deficit, Highest Outside of Covid
1729281600 from BLOOMBERG
The US government’s budget deficit hit its highest since the Covid pandemic years in 2024, propelled by increased debt interest costs and higher Social Security and defense spending — which more than offset a boost in tax revenues.
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)
Fed’s Bostic Says He’s ‘Not in a Rush’ to Get to Neutral
1729275720 from BLOOMBERG
Federal Reserve Bank of Atlanta President Raphael Bostic says he’s not in a hurry to lower interest rates to the so-called neutral level during a moderated conversation at an event hosted by the Mississippi Council on Economic Education in Jackson, Mississippi.
Spreads In 'Valuation Conundrum:' Goldman's Karoui
1729275527 from BLOOMBERG
Goldman Sachs Chief Credit Strategist Lotfi Karoui says we're in a "valuation conundrum" from a spread standpoint. BNP Paribas Head of US Credit Strategy Meghan Robson says her favorite trade right now is single-B loans, Lotfi Karoui agrees. (Source: Bloomberg)