Latest News for: Bank assets

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Moody's retains China Bank's Baa2 rating

Manila Bulletin 06 Jul 2022
While China Bank’s market funds/total tangible assets is lower than most of its peers that Moody’s rate, the Bank’s liquid assets/total tangible assets remained largely stable at 30.8 percent as of end-March 2022. Moody’s noted that it could upgrade China Bank’s BCA “if the ...
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How Wall Street escaped the crypto meltdown

The Times of India 06 Jul 2022
, a French bank with a Wall Street presence, pulled together a list of 50 stocks they thought were overpriced — including many with strong links to digital assets ... (Bailouts eventually saved the banks last time.) Collapsing digital asset prices and struggling crypto startups did ...
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Still No Plan for US Central Bank Digital Currency After Latest Fed Meeting

Decrypt 06 Jul 2022
appears to be stalling on developing a central bank digital currency, with policymakers at the Federal Reserve discussing the technology but not revealing whether they’ve made any progress on the matter ... A CBDC is a digital version of a state’s fiat currency—like the British pound or the euro—backed by a central bank.
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BPI Global Markets expands activities

The Manila Times 06 Jul 2022
THE Bank of the Philippine Islands (BPI) said by incorporating sustainability concepts into its asset-liability management investment process, it has increased the scope of its treasury operations within its Global Markets sector ... The bank said as a result, it was now able to lend ...
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Senate Appeals for More Support on AMCON’s Recovery Drive

This Day 06 Jul 2022
... Financial Institutions Act 2020, which confers on AMCON the power to among others… “to take possession, manage, foreclose or sell, transfer, assign or otherwise deal with the asset or property used as security for Eligible Bank Assets (EBAs), and related matters,” among others.
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Rupee's half percent fall & A $3 trillion economy!

The Times of India 06 Jul 2022
The rupee’s seemingly unidirectional plunge lately has mirrored the one-way trend in overseas commitment to Indian financial assets. The rupee has continued to plumb fresh depths in Mumbai as overseas funds began retreating from the city amid a pronounced interest-rate policy shift by central banks on either side of the Atlantic.
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From the Tax Law Offices of David W. Klasing - Do You Have to Report ...

Victoria Advocate 06 Jul 2022
taxpayer, you may be required to disclose the nature and amount of the assets you control in foreign banks or other financial accounts, depending on the total value of those assets ... file an information return known as the Report of Foreign Bank and Financial Accounts, or FBAR.
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Rob Morgan Named CEO of USDF Consortium of Banks Seeking Increased Access to Stablecoins

Longview News-Journal 06 Jul 2022
"Banks have a strong history of bringing responsible innovations to market," said Morgan. "I believe USDF is the single most important opportunity for banks to build on this success, providing their customers with the latest digital asset innovations from a well-regulated partner that they already trust.
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Shinhan Bank faces punitive actions over misselling of Lime funds

Korea Times 06 Jul 2022
Korea's financial regulator decided Wednesday to take punitive actions against Shinhan Bank for misselling of funds run by now-defunct Lime Asset Management ... Shinhan Bank sold 277 billion won ...
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PyraMax Bank Joins Cetera Financial Institutions

Victoria Advocate 06 Jul 2022
... compensation (commissions), Investment Adviser Representatives who offer only investment advisory services and receive fees based on assets, or both Registered Representatives and Investment Adviser Representatives, who can offer both types of services.About PyraMax Bank.
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China Bank keeps Baa2 credit rating

The Manila Times 06 Jul 2022
CHINA Banking Corp ... China Bank reported greater annualized core operating profitability of 1.9 percent as of the end of March 2022 ... As for the China Bank's credit issues, it said the debt rater identified asset quality risks brought on by the concentrated loan book and a modest funding profile, with a relatively high share of corporate deposits.
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Industrial park near York expands with £1.95m in funding

The Business Desk 06 Jul 2022
A team of Yorkshire-based property investors, trading as Ousegill Business Park Ltd, have refinanced two large, refurbished warehouses near York for £1.95m with funding from Cambridge & Counties Bank ... Cambridge & Counties Bank saw enhanced demand for its real estate product suite in 2021, which has continued in 2022.
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India's crypto enthusiasts navigate uncertainty after prices plummet

The Telegraph India 06 Jul 2022
The dollar value of cryptocurrencies has plummeted since the beginning of the year, along with the price of tech stocks and other equities as inflation concerns have seen central banks tightening monetary policy ... Aakansha (who uses only one name) is building Beetroot, an app that facilitates messaging and trading crypto assets between two parties.
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BoE: Risky assets remain vulnerable to sharp price declines

Bitcoin Warrior 06 Jul 2022
Crypto and risk assets vulnerable According to the bank, the .
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5 reasons why Goldman Sachs thinks Kotak can be $100 bn-bank in next 4 years

The Times of India 06 Jul 2022
Private sector lender Kotak Mahindra Bank ... “We believe Kotak Bank ... “The key debates have been the bank’s risk appetite and its ability to deliver sustainable growth by utilising excess capital and sweating its infrastructure to drive the ROEs higher ... 3) Strong asset quality through the COVID period with credit losses lower than peer banks.

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