Latest News for: Bank assets

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Global credit rating agencies favorably assess major Korean banks

Korea Times 18 Jun 2021
"The rating outlook remains stable, reflecting Moody's view that the bank's asset quality, capital and profitability will remain broadly steady over the next 12-18 months, supported by Korea's resilient economic growth and the bank's plan to slow down its loan growth," Moody's statement read.
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Reasons why Goldman Sachs does not recommend Bitcoin etc. to customers Latest report

OBN 18 Jun 2021
Goldman Sachs, a major US investment bank, has recently begun offering Bitcoin (BTC) related products to its clients. In a recent June report, “Digital Assets ... “We do not consider Bitcoin as a long-term value storage tool or an asset suitable for investment diversification,” he explained. About speculative assets.
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Despite Covid, J&K Bank records Rs 315.75 Cr profit for Q4, highest since Jan-March 2014

The Wire 18 Jun 2021
... as on March 31, 2020Regarding the bank’s asset-quality, the CMD asserted, “It is because of the war-footing efforts put in at all levels of operations by the staff soon after the Supreme Court withdrew its direction to banks to withhold the classification of accounts as NPAs.
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As Fed wakes sleeping dollar, jolted bears may bolster gains

The Times of India 18 Jun 2021
The dollar was on track for its biggest two-day percentage increase against a basket of major currencies in 15 months on Thursday and stands at its highest level since mid-April, a day after the central bank shifted its first projected rate increase into 2023 in the face of surging inflation.
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The bitcoin bust looks to be over – for now

Moneyweek 18 Jun 2021
The Basel Committee, the global banking regulator, last week “formally recognised” the digital currency as an asset class. That paves the way for banks to hold crypto-assets ... in five years’ time”, implying “$312bn of assets in cryptos”, according to Intertrust’s calculations.
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Julie Caperton Named Head of Wells Fargo Private Bank for Wells Fargo Wealth & Investment ...

Enid News & Eagle 18 Jun 2021
She was also head of Asset-Backed Finance and Corporate Trust Services within Corporate & Investment Banking ... WIM provides financial products and services through various bank and brokerage affiliates of Wells Fargo & Company and is one of the largest wealth managers in the U.S., with nearly $2 trillion in client assets.
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Analysis: As Fed wakes sleeping dollar, jolted bears may bolster gains

Reuters 18 Jun 2021
The dollar was on track for its biggest two-day percentage increase against a basket of major currencies in 15 months on Thursday and stands at its highest level since mid-April, a day after the central bank shifted its first projected rate increase into 2023 in the face of surging inflation.
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USD/JPY retreats as the gap between BOJ and Fed widens

Invezz 18 Jun 2021
The USD/JPY pair declined for the second straight day as investors reflected on the latest Bank of Japan (BOJ) interest rate decision ... Bank of Japan decision ... The bank also voted to continue the asset purchase program by another 6 months to Mach 2022 ... The tapering of asset purchases is expected to come later this year.
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Crypto asset infrastucture platform Fireblocks onboards Crypto.com

CryptoNinjas 18 Jun 2021
This integration will allow Crypto.com to expand its reach to over 400+ institutional participants through the Fireblocks Network; which includes some of the biggest global banks, liquidity providers, OTCs, hedge funds, and asset managers ... in the digital asset space.”.
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TADS Awards 2021

Cryptopolitan 18 Jun 2021
(1) Asset Tokenization & Digitized Securities Consultancy, (2) Digital Asset Management & Private Banking, (3) Digital Asset Global Distribution Coordination, (4) TADS Issuance, Trading & Management Platform, and (5) DeFi, NFT & DLT Solutions.
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JPMorgan buys UK digital wealth manager Nutmeg

The National 18 Jun 2021
Nutmeg has more than 140,000 customers and manages over £3.5 billion ($4.9bn) of assets, according to a statement from the US bank on Thursday. JPMorgan’s digital bank Chase will be launched in the UK later this year, it said ... guaranteed as he opens new infrastructure bank.
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Serious allegations raised with respect to Siva Industries and Holdings case: Report

Sify 18 Jun 2021
Some serious allegations and questions have been raised with respect to the Siva Industries and Holdings case that has grabbed the limelight because public sector banks have agreed to settle with the promoter of Siva Industries a huge loan of Rs ... Additionally, the public sector bank Canara Bank privately sold its exposure of Rs.
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BP to buy solar power projects for up to €500m in Spain

The National 18 Jun 2021
Energy industry is banking on new technology and investment to reduce emissions, Bob Dudley says ... Many large companies including BP’s rivals such as Total, Repsol and Galp have bought assets in recent months.
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Karnataka: 1.2 lakh drivers get Rs 3K aid; many struggle to pay EMIs

The Times of India 18 Jun 2021
“Other disbursements have been delayed due to technical issues like mismatch in validation and bank accounts ... CH Venkatachalam, general secretary, All India Bank Employees’ Association, said nationalised banks are not declaring accounts of borrowers as non-performing assets but complaints mainly pertain to private financiers.
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Commerzbank sees Polish court ruling in summer, mBank in focus

Yahoo Daily News 18 Jun 2021
But potential bidders and their advisers are already revisiting mBank in anticipation of a new auction as early as the autumn, other people close to the situation said, adding clarity on the Swiss franc fallout would give them comfort in defining a valuation for Poland's fifth-largest bank by assets.
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