Banking Wholesale

Latest News for: Banking wholesale

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Lockdown exposes looming tech gaps as money management goes digital

The Independent 15 Jul 2020

Two-thirds of UK adults now rely on mobile and online banking technology to manage their money, as lockdown prompts the wholesale shift to digital financial management ... 35 per cent even withdraw investment funds using fintech, as physical banking options remained closed....

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J.P. Morgan Chase now building reserves for a 'more protracted' downturn

Market Watch 14 Jul 2020

In the second quarter, the bank booked a reserve build of $8.9 billion, with about $4.4 billion for its consumer business and about $4.6 billion from its wholesale business ... $4.4 billion for its consumer business and $2.4 billion for its wholesale business....

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Government to finalize specific bankruptcy settlement for MSMEs under IBC

Yahoo Daily News 14 Jul 2020

In addition, after authorisation, the Rs 30,000 crore Special Liquidity Scheme for Non-Bank Financial Companies (NBFCs), Housing Finance Companies (HFCs) and Microfinance Institutions (MFIs) has been introduced ... World Bank Signs $750 Mn MSME Emergency Response Programme With India. Wholesale Inflation Contracts 1.8% In June On Decline In Fuel Demand....

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Commentary: There's no excuse for how much food you're wasting

Missoulian 14 Jul 2020

food banks are reporting demand increases, with 37% reporting critical shortfalls ... donating their surplus to food banks ... Among them are Forager, which aims to digitize the food-recovery supply chain, and BlueCart, which helps wholesale suppliers sell to food banks at a discount....

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Commentary: There’s no excuse for how much food you’re wasting

Tyler Morning Telegraph 14 Jul 2020

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Union Home Mortgage Recognized as Ohio’s Top Lender for USDA Rural Development Program; Ranks 11th ...

Odessa American 14 Jul 2020

STRONGSVILLE, Ohio--(BUSINESS WIRE)--Jul 14, 2020-- ... About Union Home Mortgage ... (UHM) is a high-growth, full-service retail, wholesale and consumer direct independent mortgage banking company with over 150 branches across the U.S ... KEYWORD ... FINANCE BANKING PROFESSIONAL SERVICES RESIDENTIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY. SOURCE....

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FPO will meet growth requirement for two years, says Yes Bank

Live Mint 13 Jul 2020

Private sector lender Yes Bank on Monday said funds raised from its follow-on public offer (FPO) will take care of its growth requirement for the next two years ... The FPO of the bank will open on 15 July and close on 17 July ... Yes Bank is also looking at other ways to increase liquidity, such as selling a big chunk of its wholesale loan book to SBI....

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COVID-19 shadow on banks#39; recovery; should you stay away from the sector?

Moneycontrol 13 Jul 2020

Banks may strengthen balance sheets by making healthy provisions but declining interest rates along with higher liquidity are likely to keep margins under pressure, say experts ... Brokerages say banks may strengthen their balance sheets by making healthy provisions ... IOL Chemicals, Bharat Dynamics, Yes Bank, Firstsource Solutions in focus....

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Small non-bank lenders turn wary of extending new wholesale loans

Live Mint 10 Jul 2020

India’s smaller non-bank lenders are turning choosy about giving new loans and are selling existing wholesale loans, as they cherrypick the best customers and build trust with banks that lend to them ... Another non-bank financier, Edelweiss Financial Services, is selling its wholesale loans and looking to reduce it to zero in two years....

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Lebanon is trying to bring some stability to its pound

Gulf News 10 Jul 2020

Lebanon is seeking to protect more of its economy from the dramatic depreciation in the local currency, fixing a subsidized exchange rate for imported food after deeming a wholesale abandonment of the decades-old peg too costly for now ... Total imports dropped by an annual 41 per cent in March, according to Blom Bank....

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CoBank Quarterly: U.S. Economic Recovery Hinges on Virus Control and Consumer Confidence

Tyler Morning Telegraph 10 Jul 2020

CoBank is a $158 billion cooperative bank serving vital industries across rural America ... The bank also provides wholesale loans and other financial services to affiliated Farm Credit associations serving more than 70,000 farmers, ranchers and other rural borrowers in 23 states around the country....

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Covid-19 impact: Smaller non-bank financiers prefer liquidity over new loan

Live Mint 09 Jul 2020

This shift was seen even in banks after the last bout of bad loans and this time round it is the reluctance of banks to fund wholesale non-bank financiers that is leading to this shift ... Another non-bank financier, Edelweiss Financial Services has resorted to selling down its wholesale loans and is looking to reduce it to zero in two years....

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After rescue, SBI plays godfather to Yes Bank

Live Mint 09 Jul 2020

At least in the case of Yes Bank, this seems to be true ... More importantly, Yes Bank’s wholesale loan portfolio has found a ready buyer in SBI, according to a Mint story dated 7 July ... Yes Bank has said it aims to raise ₹15,000 crore through the FPO ... Yes Bank needs money urgently with the speed at which its wholesale book is decaying....