Latest News for: Bank assets

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US Deposit Insurance Corporation, soliciting opinions on bank virtual currency handling

OBN 18 May 2021
Questions about bank cryptocurrency related services ... In the new digital asset ecosystem, banks are exploring roles such as custodians, reserve holders, token issuers, token trading and redemption agents, performing node functions, and holding deposits for digital asset issuers ... “Cryptocurrency” means “cryptographic assets”.
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Macao banks' int'l business share rebounds in Q1

China Daily 18 May 2021
According to statistics released by the Monetary Authority of Macao, the share of international assets in total banking assets increased to 85.5 percent at the end of March 2021 from 85.1 percent at the end of December 2020, while the share of international liabilities in total banking liabilities rose to 82.6 percent from 82.3 percent.
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Invested in quality financial services stocks? Just stay calm to win the race

The Times of India 18 May 2021
During 2014-15 as a part of RBI’s asset quality review most public sector banks and a few private sector banks were forced to recognise additional NPAs ... What made the situation worse was that the RBI’s asset quality review was followed by multiple other macro headwinds over the ...
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European stocks head towards all-time highs as Fed fears abate

The Irish Times 18 May 2021
But Fed officials have insisted that the central bank needs to continue its $120 billion (€99 billion) a month of asset purchases and to keep rates anchored near zero until the US labour market recovers from the pandemic.
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WebBank Announces Seth Goodman Named SVP-Chief Revenue Officer

The Joplin Globe 18 May 2021
Seth brings over 20 years of banking, financial services and consulting industry experience to the bank ... The Bank provides capital in the form of asset-backed lending and other credit facilities to Strategic Partner platforms, credit funds, and other lenders with a targeted focus on specialty finance assets.
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Kotak Mahindra Bank acquires 46.7% stake in Kotak Mahindra Pension Fund

Live Mint 18 May 2021
Private lender Kotak Mahindra Bank on Monday said that it has acquired 1.3 crore shares i.e., around 46.7% equity of Kotak Mahindra Pension Fund from Kotak Mahindra Asset Management Company Limited ... from Kotak Mahindra Asset Management Company Limited (“KMAMC“)'', the bank said.
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HK leader says freezing Jimmy Lai's assets will reinforce financial hub status

Straits Times 18 May 2021
Among Lai's assets that were targeted included local bank accounts of three companies owned by him as well as the 71.26 per cent stake in Next Digital worth around HK$350 million (S$60 million) based on Friday's closing share price ... have no link with the firm's bank accounts.
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Crypto exchanges want Sebi or a new entity as regulator, not RBI

The Times of India 18 May 2021
Nature of the assets is closer to a commodity and not a currency and hence falls within the domain of the capital markets regulator as opposed to the central bank, ...
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Carrie Lam says Jimmy Lai’s asset freeze will hopefully reinforce financial hub status

Hong Kong Standard 18 May 2021
Among Lai's assets that were targeted included local bank accounts of three companies owned by him as well as the 71.26 percent stake in Next Digital worth around HK$350 million based on Friday's closing share price ... assets have no link with the firm's bank accounts.
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HK leader says freezing media tycoon Lai's assets will hopefully reinforce financial hub status

Reuters 18 May 2021
Among Lai's assets that were targeted included local bank accounts of three companies owned by him as well as the 71.26% stake in Next Digital worth around HK$350 million ($45 million) based on Friday's closing share price ... no link with the firm's bank accounts.
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Canara Bank registers Rs 1,011 cr profit in Q4

Yahoo Daily News 18 May 2021
New Delhi, May 18 (PTI) State-owned Canara Bank on Tuesday reported a standalone profit of Rs 1,010.87 for the fourth quarter ended March 2021 as provision for bad loans declined. The bank had posted a net loss of Rs 3,259.33 crore during the corresponding January-March 2020 quarter.
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HK leader says freezing media tycoon Lai’s assets will hopefully reinforce financial hub status

Metro USA 18 May 2021
Among Lai’s assets that were targeted included local bank accounts of three companies owned by him as well as the 71.26% stake in Next Digital worth around HK$350 million ($45 million) based on Friday’s closing share price ... no link with the firm’s bank accounts.
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Aditya Birla Capital awaits RBI report to take bank licence call

The Times of India 18 May 2021
(AB Capital) is awaiting an internal working group’s recommendations before taking a call on pursuing a banking licence. , which is the holding company for all financial services, will be listing its asset management company and the board will take a call on other value unlocking opportunities, CEO said.
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Fed’s Kaplan says he still expects first rate hike could happen in 2022

Metro USA 18 May 2021
(Reuters) -Dallas Fed Bank President ... Kaplan repeated his view that he would support trimming back the central bank’s asset purchases sooner rather than later, and said the Fed would want to “telegraph” those plans in advance to give the market plenty of notice.
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AB Capital awaits RBI report to take bank call

The Times of India 18 May 2021
Aditya Birla Capital (AB Capital) is awaiting an RBI internal working group’s final recommendations before taking a call on pursuing a banking licence ... This enables the company to compete with banks, ...
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