Banking Wholesale

Latest News for: Banking wholesale

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DCB Bank faces investors’ wrath over weak Q1 performance

Live Mint 17 Jul 2019

DCB Bank’s disastrous June quarter performance was enough to jolt investors and pull its stock down a massive 17% on Wednesday ... As a result, DCB Bank’s asset quality metrics took a knock, with gross bad loans rising to 1.96% of the book ... This puts the bank at risk of borrowing at higher costs as it would have to depend on wholesale deposits....

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Why Facebook’s Libra cryptocurrency has banks and regulators scrambling to respond

South China Morning Post 17 Jul 2019

Both initiatives improved rather than disrupted existing products and came from an established company in a different industry. The iPhone was a better version of Nokia’s smart handset, while Facebook is offering to retail consumers cryptocurrency, which some banks are already using in wholesale settlements. As… ... ....

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Services trade deficit narrows

Dawn 17 Jul 2019

ISLAMABAD ... Its major sub-sectors include finance and insurance, transport and storage, wholesale and retail trade, public administration and defence. Pakistan has opened up its market particularly in banking, insurance, telecommunications and retail areas to foreign service providers ... ....

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UPDATE 3-Wells Fargo posts higher profit on cost controls, rise in loans

Reuters 16 Jul 2019

Wells Fargo & Co reported higher quarterly profit on Tuesday despite flat revenue as the bank benefited from lower costs. Revenue declined at Wells' community bank and wholesale bank as net interest income was squeezed by lower interest rates and higher deposit costs ... ....

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Wells Fargo posts higher profit on cost controls, rise in loans

Business Record 16 Jul 2019

Revenue declined at Wells’ community bank and wholesale bank as net interest income was squeezed by lower interest rates and higher deposit costs....

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Fintech startup eyes expansion with new executive

Business Journal 16 Jul 2019

St ... The startup recently announced it’s hired Brian Vieaux as president. Vieaux most recently was senior vice president of third party originations, wholesale and correspondent lending at Michigan-based Flagstar Bank. He’s also held executive positions with CitiGroup, IndyMac Bank and Aurora… ... ....

photo: Creative Commons / Mike Mozart

Wells Fargo branch office, Bethel, Connecticut

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Wells Fargo does well after lower overall costs

Business Day 16 Jul 2019

New York  — Wells Fargo reported higher quarterly profit on Tuesday despite flat revenue, as the bank benefited from lower costs. Revenue fell at Wells’s community bank and wholesale bank as net interest income was squeezed by lower interest rates and higher deposit costs....

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BB&T, SunTrust pledge $60 billion community benefits initiative

Winston-Salem Journal 16 Jul 2019

and SunTrust Banks Inc. prepare for merger-related shareholder meetings July 30, the banks have made another major community benefits commitment ... would have its headquarters in Charlotte, while Winston-Salem would be its community banking hub and Atlanta its wholesale banking hub. The banks project closing the deal in the fourth quarter....

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Mercantile Bank Corporation (MBWM) CEO Bob Kaminski on Q2 2019 Results - Earnings Call Transcript

Seeking Alpha 16 Jul 2019

Mercantile Bank Corporation (NASDAQ.MBWM) Q2 2019 Results Earnings Conference Call July 16, 2019 10.00 AM ET ... Ray Reitsma - President, Mercantile Bank Michigan ... We remain a well capitalized banking organization ... We look more at our wholesale funding program on an overall basis, which obviously takes into account the Federal Home Loan Bank advances....

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Bond yields hit new lows

The Telegraph India 16 Jul 2019

The interest rates, or yields, on government securities on Tuesday dropped to two-and-half-year lows on expectations of more rate cuts from the Reserve Bank of India (RBI) amid a higher demand from foreign portfolio investors (FPIs) ... Besides, expectations of more rate cuts by the Reserve Bank of India (RBI) have grown....

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Rate cut hopes see bond yields diving to lowest since December 2016

Live Mint 16 Jul 2019

Yields on government bonds fell sharply on Tuesday to a level last seen after the shock ban on high-value currency notes in November 2016, buoyed by the prospect that the central bank will effect deeper rate cuts to bolster growth amid low inflation ... According to Bank of America ......

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Wells Fargo Is Still A Best In Class Bank

Seeking Alpha 16 Jul 2019

Community Banking - $41.3 billion in 2018 (48% of Total Revenues) Wholesale Banking - $26.5 billion in 2018 (31% of Total Revenues) Wealth and Investment Management - $16.4 billion (19% of Total Revenues) Insurance & Other - $2.2 billion (2% of Total Revenues) ... The bank is still one of the most profitable companies in the world....

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DHFL shares plummet 30% on fear of collapse

The Times of India 16 Jul 2019

Investors have been on the edge over the ability of a few non-banking ... The company is taking active steps to monetise its assets and is in discussions with multiple Indian banks and international financial institutions to sell off its retail as well as wholesale portfolio.”....