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January 25, 2022

Bank

JPMorgan, Barclays join bank rush to reopen offices in England

Reuters
LONDON, Jan 21 (Reuters) – JPMorgan (JPM.N), Barclays (BARC.L) and Deutsche Bank (DBKGn.DE) have told staff they can return to the office in England, joining a growing number of banks reopening their buildings after COVID-19 restrictions were eased this week. JPMorgan told staff in England to return from Feb. 1,......

Singtel, Grab acquire minority stakes in Indonesian bank

Reuters
A woman using a mobile phone walks behind a Singtel signage at their head office in Singapore February 11, 2016. REUTERS/Edgar Su Register now for FREE unlimited access to Reuters.com Register SINGAPORE, Jan 21 (Reuters) – Singapore Telecommunications (STEL.SI), Southeast Asia’s largest telecoms firm, and ridehailing-to-payments firm Grab Holdings Ltd......

SoFi stock soars after clearing final regulatory hurdle to become a bank

CNBC
CNBC – For more and to sign up click here Anthony Noto CEO of SoFi at the newly named SoFi Stadium under construction in Los Angeles. Stephen Desaulniers | CNBC Shares of SoFi rallied as more than 16% in after-hours trading on Tuesday following news that the fintech cleared its......

Stock futures are flat after sell-off on Wall Street, more bank earnings ahead

CNBC
CNBC – For more and to sign up click here Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., January 10, 2022. Brendan McDermid | Reuters U.S. stock futures were steady in overnight trading on Tuesday following a sell-off on Wall Street......

Bank of Israel optimistic that Omicron won’t harm economic growth

Reuters
The Bank of Israel building is seen in Jerusalem June 16, 2020. Picture taken June 16, 2020. REUTERS/Ronen Zvulun/File Photo Register now for FREE unlimited access to Reuters.com Register JERUSALEM, Jan 17 (Reuters) – Israel’s central bank voiced cautious optimism that the Omicron wave sweeping the country would have no......

Japan’s MUFG Bank charged negative rate on surging deposits at BOJ

Reuters
TOKYO, Jan 17 (Reuters) – Japan’s MUFG Bank (MTFGTU.UL) was charged negative interest rates on some of its deposits at the central bank in mid-December through January, the Nikkei newspaper reported on Monday. MUFG Bank’s public relations official confirmed the report when contacted by Reuters. The amount of mega-banks’ reserves......

Dow closes lower after disappointing bank results

Reuters
JPM tumbles 6% after Q4 report, Citi loses 1.3% Wells Fargo rises 3.7% after higher profit Casino stocks up as Macau caps new licenses at six Dow falls 0.56%, S&P rises 0.08%, Nasdaq up 0.59% Jan 14 (Reuters) – The Dow closed lower on Friday with a big drag from......

Inditex founder Amancio Ortega buys Toronto’s Royal Bank Plaza for $916 mln

Reuters
A Royal Bank of Canada (RBC) logo is seen on Bay Street in the heart of the financial district in Toronto, January 22, 2015. REUTERS/Mark Blinch/File Photo Register now for FREE unlimited access to Reuters.com Register MADRID, Jan 13 (Reuters) – Spanish billionaire and Zara founder Amancio Ortega has agreed......

JPMorgan Chase’s Jamie Dimon says bank won’t pay its unvaccinated workers

CBS News
CBS News – For more and to sign up click here JPMorgan Chase chief executive Jamie Dimon, who has been a staunch advocate for in-person work throughout the COVID-19 pandemic, this week threatened to dismiss New York-based employees who are not vaccinated. Dimon on Monday told CNBC that under the......

World Bank warns global economy faces grim outlook

BBC
https://www.bbc.co.uk/news/business-59946302?at_medium=RSS&at_campaign=KARANGA “Widening disparities within and between countries will not only make it more difficult to control Covid-19 and its variants, but will also risk stalling, if not reversing, joint action against shared threats that the world cannot afford to overlook,” the WEF said in its annual global risks report on......

Goldman-backed digital bank Starling boycotts Meta over scam ads

CNBC
CNBC – For more and to sign up click here The Facebook and Instagram logos displayed on a smartphone with the Meta Platforms logo pictured in the background. Igor Golovniov | SOPA Images | LightRocket | Getty Images LONDON — British digital bank Starling says it is boycotting Facebook parent......

First Look: Jade, Opening Soon in the Flats East Bank

ClevelandScene
click to enlarge Douglas Trattner Jade will open soon in the Flats East Bank. Ever since landing in Cleveland decades ago, it has been Zdenko Zovkic’s dream to have a restaurant on the waterfront. That finally will happen this month when he opens Jade, a multi-level Asian-fusion concept in the......

Credit Agricole offers to buy Italy’s bank Carige -newspaper

Reuters
A woman walks past a Credit Agricole logo outside a bank office in Reze near Nantes, France, May 12, 2021. REUTERS/Stephane Mahe Register now for FREE unlimited access to Reuters.com Register MILAN, Jan 6 (Reuters) – France’s Credit Agricole (CAGR.PA) has offered to buy troubled lender Banca Carige (CRGI.MI) for......

Bukalapak, Salim Group to buy into Indonesia’s Allo Bank rights issue

Reuters
JAKARTA, Jan 4 (Reuters) – Indonesian e-commerce firm Bukalapak.com (BUKA.JK) and conglomerate Salim Group will subscribe to a planned 4.8 trillion rupiah ($335.55 million) rights issue by digital lender Allo Bank (BBHI.JK) due to be launched next week, the bank said. Digital banking has been booming in Southeast Asia’s largest......

Younger generations pay the most in bank fees, report finds

CBS News
CBS News – For more and to sign up click here Bank customers between the ages of 18 and 41 are paying more than three times as much in ATM and overdraft fees compared to baby boomers with checking and savings accounts, according to a Bankrate survey released Tuesday.  Baby......

FDIC chair intends to resign in February, giving Biden more say over bank regulation

CNBC
CNBC – For more and to sign up click here Jelena McWilliams, chair of the Federal Deposit Insurance Corporation (FDIC), during a Senate Banking, Housing, and Urban Affairs Committee hearing in Washington, D.C., U.S., on Tuesday, Aug. 3, 2021. Al Drago | Bloomberg | Getty Images Jelena McWilliams, the head......

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