European banks

HSBC breaks tradition, names AIA boss Mark Tucker as chairman

The chief executive of the Asian life insurer AIA Group will take over as HSBC chair on October 1, the first outsider to take on the role that breaks an HSBC tradition.

Barclays banking on India Post Service for expansion

Barclays Plc is keen on working with India Post to spread its services across the country. The Department of Post is among 17 firms that have been approved to set up Payment Banks in India. The huge infrastructure and Common Service Centres of India Post are attracting many global and domestic banking giants.

JPMorgan leaves bonus pool unchanged since 2014

The change in regulations is keeping a pressure on investment banks. Owing to weaker revenues, several investment banks are slashing down on bonus payout. JPMorgan Chase & Co is keeping its bonus pool unchanged from 2014. However, this decision is subject to the trading performance in December.

Visa working on Blockchain-based remittance project

Visa Inc's subsidiary Visa Europe is working on Blockchain-based remittance project. The Blockchain remittance system is expected to ensure speedy, hassle-free and low fee-based international remittances.

Major US banks account for 20% of debts in Glencore

The latest data is indicating exposure of four US banks to embattled Glencore to the tune of 4350mn apiec giving a 20 percent combined contribution to the total debt of the Swiss commodity giant. The four US banks will have tough time ahead of their quarterly results announcement as they receive enquiries about exposure during earnings calls. The slump in commodities market has taken a toll on Glencore.

Basel-III norms help Morgan Stanley, Goldman regain hedge fund trading business

The US banks including Goldman Sachs and Morgan Stanley are recapturing their lost trding business from hedge fund customers. Thanks to the rules of Basel-III, which sets high capital requirements for trading activity in stocks, bonds, derivatives, etc. European banks like Deutsche Bank are falling short of capital requirements and losing trading business to the US banks.

European banks lead other foreign banks' excess reserves at Fed, valued at $1 trillion

Foreign banks prefer to park their excess funds with the US Fed. The unprecedented rise of excess reserves at US Fed has become a cause of concern for the government.

Latest Stories

Stand Out or Sit Down: Founders' Top Tips for New Entrepreneurs

In today's fast-paced startup ecosystem, understanding what makes a successful entrepreneur is gold dust. According to a recent CNBC-SurveyMonkey poll, young adults increasingly view entrepreneurship as a career path and a crucial pillar of their financial security.

BlackRock HBAR Explodes, Then Tumbles After Misfire on RWA Crypto Deal

Just when you thought the crypto rollercoaster couldn't get any wilder, HBAR, the native token of the Hedera Hashgraph blockchain, took investors on a head-spinning ride. Picture this: one moment, you're soaring high on rumors that BlackRock, the titan of asset management, is cozying up with Hedera. The next minute, you're free-falling faster than you can say "fake news."

99Bitcoins Presale Hits $600k, Signaling Massive Interest in Learn-To-Earn ($1M Next?)

With the latest Bitcoin Halving chapter coming to a close, 99Bitcoins is positioning as an altcoin trailblazer for the year ahead, introducing a ground-breaking learn-to-earn strategy through the 99Bitcoins Token (99BTC). Kicking off with a bang, the 99Bitcoins presale has already amassed more than $650k in the first few days, capturing the attention of investors keen on getting in early.

Free Crypto Riches: How to Profit from Airdrops 2024

With the colossal tidal wave of cash that hit the market during the early 2021 bull run, crypto projects have been showering their communities with tokens and even cold hard USD rewards through airdrops all the way up to today. Now, with trends like play-to-earn setting the stage, the frequency of these digital rainchecks has skyrocketed.

Food Prices Down in 2024? Time to Revise Your Grocery Budget

It looks like this year will mark the end of rising food costs globally. Oxford Economics projects that global food prices will drop in 2024, providing some respite for consumers.

Must Read

Don't Wait! Get Your 2024 Tax Refund Status in Minutes

There are a few simple methods to find out where your return is. You may use the IRS2Go mobile app or visit their "Where's my refund?" webpage.

Strategies to Beat the Heat and Keep Costs Down

As the country celebrates Earth Day, shoppers may have noticed one impact of climate change: rising temperatures are making it harder for Americans to pay their bills, and in some cases, they are even forcing families to decide between purchasing groceries and cooling their houses.

Low-Income Borrowers Face Loan Delinquency as Prices Rise

According to current data and bank executives, U.S. borrowers with lower incomes are finding it more and more difficult to make their loan payments. As a result, banks are becoming more cautious when granting credit cards and auto loans.

Another Retailer Bites the Dust: How Express's Struggles Reflect the Changing Retail World

Express Inc. has filed for Chapter 11 bankruptcy protection. Once a trailblazer in casual workplace wear, the company has struggled to compete with retailers like Zara and H&M.

Best Base Memecoins to Invest In April 2024

As we tiptoe past the Bitcoin Halving, Base Crypto is stealing the spotlight, enticing a fresh wave of enthusiasts eager to dip their toes into the cryptocurrency ocean. And guess what? It's meme o'clock over at Base, with some standout players you won't want to miss. So, buckle up; we're about to dive into the three top memecoin contenders making waves this April 2024.

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