Latest News for: Banks assets

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IDFC First Bank's Q1FY22 net loss at Rs 630 cr

Sify 02 Aug 2021
IDFC First Bank on Saturday reported a net loss of Rs 630 crore for Q1FY22. "Net Loss of Rs 630 crore for Q1FY22 because of prudent provisions for Covid wave 2.0," the bank said in a statement ... The bank said that its gross non-performing asset (GNPA) and net non-performing asset (NNPA) stood at 4.61 per cent and 2.32 per cent, respectively.
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Despite some obstacles, sovereigns and central banks prefer China for investment

China Daily 02 Aug 2021
Aligned with sovereigns, central banks have also continued increasing allocations to Chinese financial assets, driven by diversification away from the US dollar ... Looking ahead, 40 percent of central banks are considering new asset classes in the next two years, with emerging market debt as the most popular new asset class.
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Community Bank System Acquires Assets of Boston Area Insurance Agency

Finger Lakes Times 02 Aug 2021
Community Bank System, Inc ... CBU) announced today that it acquired the assets of the Thomas Gregory Associates Insurance Brokers, Inc ... TGA’s assets were acquired by OneGroup, NY, Inc. (“OneGroup”), a wholly-owned subsidiary of Community Bank System ... Community Bank System, Inc ... With assets of over $14.8 billion, the DeWitt, N.Y ... Community Bank System, Inc.
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Union Bank registers 255% growth in profit

Sify 02 Aug 2021
Public sector lender Union Bank of India has reported a 254.93 ... The standalone net profit of the bank, in the April-June quarter, stood at Rs 1,181 crore up from Rs 332.7 crore in corresponding period last fiscal.
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Gold prices could double in 3-5 years, says fund manager who correctly predicted record rise in 2016

Live Mint 02 Aug 2021
Artificially low interest rates have created asset bubbles that are too big to burst, which will make it very difficult for central banks to normalize without risking their collapse, he said ... Premium Premium $255 billion asset manager says it is probably time to .... “Gold will benefit purely from being a physical asset that you cannot print.".
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HSBC Steps Up Dividend Plans, Eyes Buybacks as Outlook Brightens

Yahoo Daily News 02 Aug 2021
The bank said it now expects to meet its target of paying out 40% to 55% of earnings in dividends this year, rather than next ... Banking revenue at the unit also dropped on lower client activity and lower interest rates ... The bank wants to manage more assets for the region’s wealthiest residents -- a lucrative but highly competitive market.
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Indian equity investors richer by $416bn in 4 months

Asiatimes 02 Aug 2021
The central bank noted that the prices of risky assets in many countries have touched record high levels during 2020-21 on the back of unparalleled monetary and fiscal stimulus levels ... “This order of asset price inflation in the context of the estimated 8% contraction in GDP in 2020-21 poses the risk of a bubble,” the central bank said.
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Venugopal Dhoot moves NCLAT against NCLT nod to Twinstar's bid for Videocon

Sify 02 Aug 2021
"NCLT Mumbai, by order dated 15/12/20, held that foreign oil and gas assets of Videocon Group held through its foreign subsidiaries, are in fact purchased by Videocon Industries Ltd (VIL) and are to be treated as assets of VIL. The liquidation value of these oil assets is not less than Rs 15,000 crore.".
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Kenyan Insurance Executive Calls Cryptocurrencies Ponzi Schemes, Warns Users This Will ‘End in Tears’

Bitcoin 02 Aug 2021
For instance, in its 2019 on crypto assets, the South African Reserve Bank (SARB) similarly acknowledges that “crypto-assets have the ability to be used for payments (exchange of such value) and for investment purposes by crypto-asset users.” Cryptocurrency Not a Store of Value.
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Gold at $3,000 an ounce - One fund manager certainly believes so

Gulf News 02 Aug 2021
Artificially low interest rates have created asset bubbles that are too big to burst, which will make it very difficult for central banks to normalize without risking their collapse, he said ... "Central bank money printing isn't really solving problems, it's delaying the problem," Parrilla said.
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AUD/USD: RBA interest rate decision preview

Invezz 02 Aug 2021
The AUD/USD price retreated slightly as traders focused on the upcoming Reserve Bank of Australia (RBA) interest rate decision ... Analysts expect that the bank will sound dovish and make a U-turn on its asset purchases and yield curve control ... Just a month ago, the bank sounded ready to start its tapering its asset purchases as the economy rebounded.
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Glazing and home improvement manufacturer boosts capacity

The Business Desk 02 Aug 2021
A glazing and home improvement manufacturer has increased its capacity after investing in new machinery after landing a six-figure asset finance loan ... Vijay Chouhan, relationship manager at Lloyds Bank Commercial Banking, said ... Julie Cranmer, associate director, asset finance at Lloyds Bank Commercial Banking, said.
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Germany to allow certain funds to hold crypto assets

Shenzhen Daily 02 Aug 2021
GERMANY plans to allow certain institutional funds to invest billions of dollars in crypto assets for the first time ... Deutsche Bank AG’s asset manager DWS group is monitoring developments, but is not currently planning to offer any funds that buy crypto, according to a spokeswoman.
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Farmers National Banc Corp. Announces Board Addition

The Marshall News Messenger 02 Aug 2021
Helmick, Farmers National Bank President & CEO ... is a diversified financial services company headquartered in Canfield, Ohio, with $3.3 billion in banking assets ... Total wealth management assets under care at June 30, 2021 were $3.1 billion ... BANKING PROFESSIONAL SERVICES FINANCE.
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Spouting Rock Asset Management Acquires Minority Stake in Glovista Investments

Finger Lakes Times 02 Aug 2021
Led by CIO Carlos Asilis and Deputy CIO Darshan Bhatt, the firm’s flagship investment strategies include the Global Emerging Market Equities Strategy (Long only) and Global Tactical Asset Allocation Strategy (GTAA) ... About Spouting Rock Asset Management, LLC ... FINANCE CONSULTING BANKING PROFESSIONAL SERVICES OTHER PROFESSIONAL SERVICES.
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