Latest News for: Banking wholesale

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Banks to see margin pressure amid hike in deposit rates; IndusInd Bank, Axis Bank to defend NIMs better: Jefferies

Live Mint 21 Sep 2023
However, analysts expect the trends to be divergent as banks with higher share of wholesale deposits and reasonable hike in MCLR over six months may be able to defend NIMs better than others. Since December 2021, most Indian banks have taken a 170-210 basis points (bps) hike ...
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Axis Bank launches transaction banking solution for MSMEs

Financial Express 21 Sep 2023
Axis Bank’s SME offerings ... Neeraj Gambhir – Group Executive & HeadTreasury, Markets and Wholesale Banking Products, Axis Bank, said, “The MSME Business Banking landscape is evolving rapidly, and there is a need for a comprehensive solution for all their Banking and Beyond Banking requirements.
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Vero Technologies Raises $8.5 Million Series A to Make Wholesale Financing a Viable Revenue Stream ...

The Galveston Daily News 20 Sep 2023
Vero Technologies’ lending-as-a-service platform streamlines these processes so that banks can extend wholesale financing to dealers in their local communities–all without overhauling existing systems or adding specialized headcount ... As a result, banks can profitably introduce ...
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Do CBDCs (Central Bank Digital Currencies) Threaten Bitcoin

The Daily Hodl 20 Sep 2023
There are two avenues for central banks when implementing CBDCs – wholesale and retail. Under a wholesale model, CBDCs emulate bank reserves ... While the wholesale model would not significantly change the status quo, the retail route would upend the mechanics of the current banking system.
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Bitcoin vs. CBDCs: The Rise, Concerns, and the Unending Debate

Bitcoin World 20 Sep 2023
Initially, central banks brushed it aside ... Consequently, these banks now realize they can benefit from integrating some aspects of Bitcoin’s technology ... Central banks can adopt CBDCs via two methods ... While wholesale CBDCs mirror bank reserves, retail CBDCs function as digital cash, causing potential disruptions in the banking mechanics.
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0-2 Vikings have simple mindset against 0-2 Chargers: ‘Just go get a win’

The Bemidji Pioneer 20 Sep 2023
Don’t expect the Vikings to make wholesale changes heading into this Sunday’s game against the Los Angeles Chargers at U.S. Bank Stadium ...It’s a pretty simple mindset,” safety Josh Metellus said. “Just go get a win.” ... .
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Your Morning Briefing

The Irish Times 20 Sep 2023
Irish consumers can expect to see cheaper energy bills in the coming months if the current wholesale price trends continue, ESB’s chief financial officer has said.Head of Europe’s bank-failure agency ‘reasonably comfortable’ with Irish plans.
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Get to know GOP presidential candidate Doug Burgum

WPTV 20 Sep 2023
North Dakota Gov. Doug Burgum is one of 13 candidates vying for the Republican presidential nomination ... SEE MORE ... ANDREW RAFFERTY ... GOV ... BURGUM ... They're not trapped in this seven by 24, industrial news complex that is just making bank every day talking about all the conflict. And this is why we need a wholesale change going forward in terms of leadership ... .
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Kayne Anderson Real Estate and Synovus Bank Close Sale of $1.3 Billion Medical Office Loan Portfolio

Victoria Advocate 19 Sep 2023
"As we disclosed during our second quarter earnings call, we believe exiting this line of business will be meaningful for the bank as the capital and liquidity from the sale will allow us to pay down higher-cost wholesale funding in the near term and improve our net interest ...
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JLL arranges $1.3b medical office loan portfolio sale on behalf of Synovus Financial Corp.

Longview News-Journal 19 Sep 2023
"As we disclosed during our second quarter earnings call, we believe exiting this line of business will be meaningful for the bank as the capital and liquidity from the sale will allow us to pay down higher-cost wholesale funding in the near term and improve our net interest ...
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Manufacturers Bank Appoints Olga Tsokova as Chief Financial Officer

The Galveston Daily News 19 Sep 2023
Manufacturers Bank Appoints Olga Tsokova as Chief Financial Officer (Photo ... She will report to Sander Pruijs, President of Manufacturers Bank, and Rick Davison, SMBC U.S ... Manufacturers Bank serves the specialized needs of middle-market businesses, manufacturers, wholesalers, distributors, importers, exporters, and service companies.
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Banco do Brasil and World Bank ready cooperation on $400 mln for Amazon recovery

Reuters 19 Sep 2023
"This $400 million agreement is Banco do Brasil's second collaboration with the World Bank and will provide resources for sustainable agriculture, the restoration of degraded areas and the bioeconomy," said Francisco Lassalvia, Chief Wholesale Officer at Banco do Brasil.
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Russian Wheat Exports Remain Biggest Risk to U.S. Wheat Elevators

Enid News & Eagle 19 Sep 2023
CoBank is a 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 76,000 farmers, ranchers and other rural borrowers in 23 states around the country.
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Banking Giant Citigroup Launches Private Blockchain To Transform Client Deposits Into Digital Tokens: Report

The Daily Hodl 18 Sep 2023
Financial services and banking giant Citigroup is reportedly launching a unique private blockchain for its clients ... “The development of Citi Token Services is part of our journey to deliver real-time, always-on, next-generation transaction banking services to our institutional clients.”.
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Corporate banking profitability at an all-time low

Business Line 17 Sep 2023
The heightened pricing war in the corporate or wholesale lending market is beginning to pinch banks more than what was anticipated ... low of 1.5-1.75 per cent for the wholesale banking business.
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