Latest News for: Investment banks

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Edward Bramson's Sherborne Investors sells entire Barclays stake

Yahoo Daily News 07 May 2021
Bramson waged a three year battle to convince Barclays to slim down its investment bank, arguing it would improve the bank's share price. His retreat is a victory for Barclays chief executive Staley, who has long defended the investment bank ... In recent quarters, Barclays' investment bank has been a standout performer.
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Barclays activist investor sells entire stake

Market Watch 07 May 2021
Bramson unsuccessfully attempted to join the board of Barclays and petitioned its chief executive, American banker Jes Staley, to scale back investment-banking operations in favor of investing more in its U.K ... He kept a large investment-banking operation, which proved to be a strong source of profits during the pandemic.
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Trillion-dollar issue

Dawn 07 May 2021
THIS refers to the write-up ‘Bank treasurer ... Coming to the 20-odd instruments where the bank invests and earns most money from, these mostly relate to government papers. The bank is playing safe, and is happy and relaxed with no risks involved, while investing in government securities.
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Income tax: 5 cash transactions that can attract I-T notice

Live Mint 07 May 2021
In the last few years, Income Tax Department and various investment platforms like bank, mutual fund houses, broker platforms, etc ... For example, if a person invests in stock market via demand draft using cash, the broker will report about the investment in its balance sheet ... 3] Bank FD (fixed deposit).
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Will the RBI liquidity window turn small banks big?

The Times of India 07 May 2021
According to industry captains, the new facility would help them to get about 1-1.5% positive carry on the borrowed fund, even after investing the same amount into government securities as mandated by the central bank ... In February, RBI granted banks a special dispensation of ...
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Numis's profit surges, revenue hits record

Market Watch 07 May 2021
Revenue increased to GBP115.4 million from GBP63.1 million, with investment-banking revenue more than doubling to GBP82 million from GBP36.9 million, it said ... "The investment banking pipeline continues to benefit from a ...
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BreakingviewsMacquarie will struggle to match market exuberance

Reuters 07 May 2021
The A$57 billion bank is well-balanced ... energy price hikes caused by the Texas winter storm in February, its investment banking business performed well overall ... Trading stocks, bonds and commodities is inherently volatile and even the best-managed investment banks slip up ... The bank will set science-based emissions targets as part of its push.
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Banks rushing to tap into new business of safekeeping digital assets

Korea Times 07 May 2021
Korean banks are moving to make rapid inroads into the "digital ... "Most first-tier banks here continue to eye digital expansion, and the digital custody service is one of the promising profit areas amid growing demand for cryptocurrency investments," a bank industry source said.
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Risks amid soaring markets raise Fed concern

Arkansas Democrat-Gazette 07 May 2021
Many Americans who don't hold investments haven't benefited from the stock market's steady climb ... The report said banks have stayed well-capitalized through the covid crisis ... In March, for example, the private investment firm Archegos Capital Management collapsed, sending waves through large banks, including Credit Suisse.
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SGX Nifty up 70 points; here's what changed for market while you were sleeping

The Times of India 07 May 2021
HDFC, Ultratech Cement, Dabur India, Nestle India, InterGlobe Aviation, Kansai Nerolac Paints, Cholamandalam Investment, Navin Fluorine, Grindwell Norton, UCO Bank, Shriram Pistons, Gati, EIH and Godrej Agrovet are among companies that will announce their March quarter results today ... Banks set to open on-tap liquidity window...
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Cryptocurrency regulation problem smoldering in India, public retail settlement group postpones suspension of use

OBN 07 May 2021
NPCI is a non-profit organization led by the Reserve Bank of India (RBI), the central bank of India, and the Bank of India Association of India (IBA), and is supporting the construction of a strong payment infrastructure through the spread of technology-based payment systems ... Bank consults with NPCI.
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Germany's strategy unravels as EU takes a harder line on China

Straits Times 07 May 2021
They believe the investment agreement is missing clear language on this issue ... Hungary's veto was driven by national interest as the country is banking on Chinese investments and appears to be wary of being too critical of Beijing ... A rather small country in central Europe with just 10 million people, the investment is huge for Hungary.
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Chinese firm awarded $355m Tarbela project

Dawn 07 May 2021
The signing ceremony was also attended by Wapda Chairman Muzammil Hussain, World Bank Country Director Najy ... International Bank for Recons­truction and Development (IBRD), World Bank is providing $390m, while Asian Infrastructure Invest­ment Bank (AIIB) to give $300m loan.
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SVB Financial Group Announces Pricing of $1 Billion Preferred Stock Depositary Shares Offering and $500 ...

Finger Lakes Times 07 May 2021
SVB Financial Group's businesses, including Silicon Valley Bank, offer commercial and private banking, asset management, private wealth management, brokerage and investment services and funds management services to companies in the technology, life science and healthcare, private equity and venture capital, and premium wine industries.
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Forex reserves fall 3.3pc to $22.7bln on debt repayment

The News International 07 May 2021
RDA, launched in September last year, provides innovative banking solutions to millions of non-resident Pakistanis and resident Pakistanis with declared offshore assets, who need a secure and convenient facility, to undertake banking-payments, fund-transfers and investment activities in Pakistan from abroad.
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