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April 30, 2021

Bank

Robinhood deepens ties with JPMorgan by using bank for money transfers ahead of expected IPO

CNBC
CNBC – For more and to sign up click here Avishek Das | LightRocket | Getty Images Robinhood, the free-trading app that helped drive a surge in retail investing during the pandemic, has switched to using JPMorgan Chase to handle crucial money transfers into customers’ accounts. The start-up emailed customers......

Bank of England likely to slow bond purchases as economy rebounds

Reuters
A person is silhouetted as he walks past The Bank of England, amid the outbreak of the coronavirus disease (COVID-19), in London, Britain, November 5, 2020. REUTERS/John Sibley The Bank of England is likely to ease its foot off the stimulus pedal and reduce its pace of bond purchases next......

Deutsche Bank outshines Wall St rivals with best quarter since 2014

Reuters
Deutsche Bank (DBKGn.DE) posted a better-than-expected net profit for the first quarter, driven by its investment banking activities which outperformed major U.S. rivals. The German lender on Wednesday reported a first-quarter net profit attributable to shareholders of 908 million euros ($1.1 billion) versus a year-earlier loss of 43 million. That......

Deutsche Bank reports its best quarterly profit since the first quarter of 2014

CNBC
CNBC – For more and to sign up click here A general meeting of Deutsche Bank Arne Dedert | picture alliance | Getty Images LONDON — Deutsche Bank on Wednesday reported a 908 million euro ($1.1 billion) profit for the first quarter, buoyed by continued strong performance in its investment......

Digital bank Current triples valuation in five months to $2.2 billion after Andreessen takes stake

CNBC
CNBC – For more and to sign up click here Digital bank Current app and credit card Source: Current Current, a digital banking start-up that has gained momentum during the pandemic, has tripled its valuation to $2.2 billion just five months after its previous fundraising round, CNBC has learned. The......

Southfield bank founder, S.F. Giants owner Scott Seligman implicated in fraud case

Detriot News
Detroit News – For more and to sign up click here The alleged scheme involves a wealthy native of Metro Detroit who founded a Southfield bank and owns a minority stake in the San Francisco Giants.        Source link – Click for more To Return to the Main Aggregate......

UAE bank ADCB reports soaring profit as it recovers from NMC impairments

Reuters
Abu Dhabi Commercial Bank (ADCB) (ADCB.AD), UAE’s third-biggest lender, reported a more than 400% surge in first-quarter profit on Sunday, after it took big impairments a year earlier due to its large exposure to troubled hospital operator NMC Health. Net profit in January-March this year totalled 1.1 billion dirhams ($299.50......

European Central Bank holds fire ahead of crunch June meeting

CNBC
CNBC – For more and to sign up click here European Central Bank President Christine Lagarde addresses European lawmakers during a plenary session at the European Parliament in Brussels, on February 8, 2021. Olivier Matthys | AFP | Getty Images LONDON — The European Central Bank decided on Thursday to......

Bank of Israel keeps benchmark interest rate at 0.1%

Reuters
JERUSALEM, April 19 (Reuters) – The Bank of Israel held its benchmark interest rate at 0.1% for an eighth straight meeting on Monday amid optimism over an economic recovery due to a rapid COVID-19 vaccine rollout and inflation turning positive. All 16 economists polled by Reuters had said they expected......

Kourtney Kardashian’s Latest Outfit Proves You Don’t Need to Break the Bank to Look Fabulous – E! Online

eonline
Kourtney Kardashian knows how to bring the glitz and glamour! The Keeping Up With the Kardashians star lit up the night in shimmery black sequins pants that featured fun and flirty fringe… E! Online – For more and to sign up click here To Return to the Main Aggregate News......

S&P 500, Dow hit record highs on bank earnings boost

Reuters
The S&P 500 and the Dow hit record highs on Friday after Morgan Stanley wrapped up bumper quarterly earnings reports from big U.S. banks, while optimism about a solid economic rebound put the main indexes on course for weekly gains. Nine of the 11 S&P indexes were higher, with only......

Big bank stocks are ‘dirt cheap’ after posting earnings, Jim Cramer says

CNBC
CNBC – For more and to sign up click here Big bank earnings are out and the results were positive enough to quell one concern about their valuations, CNBC’s Jim Cramer said Thursday. The stocks of large financial institutions like JPMorgan Chase and Wells Fargo have surged from last summer,......

Bank of America tops estimates on Wall Street trading and banking, release of loan-loss reserves

CNBC
CNBC – For more and to sign up click here Brian Moynihan, CEO, Bank of America Scott Mlyn | CNBC Bank of America reported on Thursday profit that topped Wall Street estimates on booming investment banking and trading results, as well as the release of loan loss reserves as fewer......

Bank of America profit more than doubles on reserve release boost

Reuters
FILE PHOTO: A Bank of America logo is pictured in the Manhattan borough of New York City, New York, U.S., January 30, 2019. REUTERS/Carlo Allegri/File Photo (Reuters) – Bank of America Corp reported a jump in first-quarter profit that breezed past estimates on Thursday as it released reserves it had......

Greater Cleveland Food Bank Breaks Ground on Big New Collinwood Building

ClevelandScene
click to enlarge Greater Cleveland Food Bank, grounbreaking live stream, (4/14/21). The Greater Cleveland Food Bank’s CEO, Kristen Warzocha, members of the organization’s board of directors, and city and county elected leaders ceremonially broke ground on a massive new facility Wednesday afternoon. Warzocha told a gathered crowd of supporters that......

Fed’s Harker says central bank will ‘hold steady’ for now

Reuters
FILE PHOTO: The Federal Reserve building is pictured in Washington, DC, U.S., August 22, 2018. REUTERS/Chris Wattie/File Photo (Reuters) – The U.S. economy could grow by around 5% to 6% this year, buoyed by increased vaccinations and strong fiscal aid, but the Federal Reserve is not going to pull back......

World Bank, Gavi urge countries with excess COVID-19 vaccines to release them

Reuters
WASHINGTON (Reuters) – World Bank President David Malpass and José Manuel Barroso, chair of the Gavi vaccine alliance, on Monday discussed the importance of countries with excess COVID-19 vaccine supplies releasing them as soon as possible, the World Bank said. Malpass expressed his desire to work closely with Gavi on......

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