JPMorgan raised its key profit goal, and said lower taxes and higher interest rates could help increase its annual pretax net income by up to 17.5 percent in three years.
Barclays pays women in its international division on average half of what men earn, the British bank said.
Bosch created a new division to expand its reach in the markets for ride services and connected vehicles and acquired a small US ride services company.
Some stock investors are drawing optimism from the market’s ability to move upwards in the face of loftier yields - even though those higher yields were partly blamed.
Goldman Sachs Group Inc’s trading division was caught “wrongfooted” last year, bracing for a return of volatility that did not materialise on financial markets.
Wells Fargo’s share price fell 9.2 percent, more than twice as sharply as the market during a broad selloff.
US stocks opened sharply lower on Monday as rising bond yields continued to fuel the selloff in equities and hints of inflation pickup triggered concerns.
The Federal Reserve’s surprise ban on Wells Fargo & Co growing its balance sheet comes at a difficult juncture for the United States’ third-largest lender.
U.S. fund managers are betting that rising wages and the effects of the Republican-led corporate tax cut will prove a lifeline to middle-market retailers.
A leading US regulator wants to make it easier for Wells Fargo to pay employees when they leave, loosening a restriction in place.
Acquires Cynosure Inc and Cynosure Interface Solutions for $31mn and Rs13cr respectively
To add platform capabilities in the insurance segment which contributes 15% of total business
The Acquisition is expected to close within the next 3 months
Sells Essar Steel loan to Deutsche Bank
Has sold its $385 mn Foreign currency loan extended to Essar Steel
Bank has taken a 38% haircut
Rs 1600 cr is expected earnings to the bank from the deal
Economic Times Reports
To Sell 50% stake in prime Mumbai office assets to Blackstone for $1.3bn
The co is also in discussions to sell its residential and commercial projects in Chennai
To convene shareholder’s meet on 23rd March in regard to the proposed divestment
Gets Order Worth Rs 230 Cr From NTPC
To perform the pressure part metallurgy upgradation for 3 660MW super critical steam generators
Will help NTPC commission the 3x 660MW plant started 12years
Declared L1 bidder for EPC Project in UP worth Rs 677cr from NHAI
The completion period for the project is 30 months