Tag Archives: banks

Flipkart Launches 10000mAh and 15000mAh Power Banks Starting at Rs. 799

HIGHLIGHTS Flipkart Billion power banks come in two capacities 10000mAh power bank costs Rs. 799, while 15000mAh is Rs. 999 All USB ports on the power banks are capable of 5V / 2.1A output Flipkart on Friday expanded its Billion brand by launching new power banks. The new Flipkart Billion series power banks come in two models – a 10000mAh version ... Read More »

HSBC & Standard Chartered are most vulnerable UK banks to ‘China stress test’

Matt Cardy | Getty Images | Getty Images News The Bank of England (BoE) is poised to unveil the strength of Britain’s largest lenders and HSBC and Standard Chartered are the most at risk of failure due to an exposure to Chinese credit, according to analysts from RBC Capital Markets. BOE TO FOCUS ON ‘CHINESE CREDIT’ BoE officials have played ... Read More »

Wall Street banks seen benefiting from Bank of England rate cuts

The Bank of England delivered a shocker to the market Thursday morning, and potentially a little bit of good news to banks. The decision by the central bank to cut interest rates from 0.5 percent to 0.25 percent might mean investors’ margins get crimped. But the British central bank’s renewed commitment to buying bonds could help banks around the world. ... Read More »

Wall Street banks bet on Federal Reserve increasing interest rates

Big banks aren’t giving up on a rate hike just yet, and their most recent comments reinforce that. Many Wall Street banks are pricing in expectations for an interest rate rise from the Federal Reserve, which would be a shot in the arm for their businesses. Economists see rising optimism from the Federal Open Market Committee, which could lead to ... Read More »

Falling odds of Fed hike hurt banks

It’s less likely the Federal Reserve will raise interest rates again next month, according to a growing number of economists. If they’re right, it compounds the problems big banks on Wall Street are facing. Most banks ended last year pricing in expectations the Fed would hike interest rates three or four times. Banks including JPMorgan, Bank of America and Citigroup ... Read More »

Banks report drop in demand for loans

Investors aren’t the only ones running for safety as the market tumbles and the economy wobbles. Businesses, too, are indicating an unwillingness to take on risk as loan demand declined for the first time in about four years, according to the Federal Reserve’s Senior Loan Officer Survey released this week. Demand for commercial and industrial loans has plunged in 2016, ... Read More »

Here’s what is rocking European banks ahead of earnings

2016 is proving a difficult year for banks across Europe, as the industry grapples with nonperforming loans, rocky markets, increasing regulation and exposure to emerging market volatility. “We start 2016 with a cautious outlook on European banks despite the sector trading at market lows,” Bernstein analysts led by Thomas Seidl said in a report this month. “We downgrade our last ... Read More »

Why banks won’t cut off energy’s ‘drunken sailors’

The loans that banks have made to energy companies grabbed a lot of investors’ attention this week as lenders said they have boosted cash reserves to deal with bad oil and gas debt. But those financial institutions may have trouble bringing the hammer down on drillers. The continuing slide in energy prices poses a dilemma for banks: cut energy clients’ ... Read More »

Banks are prepared for low interest rates: CEO

As market volatility persists market watchers eye the Federal Open Market Committee next week. European Central Bank President Mario Draghi announced on Thursday that the Bank may have to revise the current monetary policy, which created speculation on the Street that there will be monetary stimulus as early as March. Low interest rates are a challenge for the banking industry, ... Read More »

Big banks are safe-haven bets: Mayo

Some traders are avoiding the energy space after WTI crude broke below $30 on Tuesday, but one analyst believes that the banks are actually insulated from the underperformance of the energy space. Top banking analyst Mike Mayo of CLSA said on CNBC’s “Fast Money Halftime Report” that he doesn’t think that banks have significant exposure to the problems in energy. ... Read More »