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PNB banking on non-core asset sale, capital infusion from govt for revival

Under the first tranche of recapitalisation, the government infused Rs 800 bn through bonds in public sector banks last financial year.....»»

Category: topSource: business-standardMay 21st, 2018

Warren Buffett Offered Uber a $3 Billion Investment, but Talks Fell Apart

Warren Buffett earlier this year offered to invest $3 billion in Uber, but the two sides couldn’t agree on the terms, according to a person familiar with the matter......»»

Category: smallbizSource: wsjMay 31st, 2018

Warren Buffett Offered Uber a $3 Billion Investment, But Talks Fell Apart

Warren Buffett earlier this year offered to invest $3 billion in Uber, but the two sides couldn’t agree on the terms, according to a person familiar with the matter......»»

Category: smallbizSource: wsjMay 31st, 2018

Wage row: Bank unions seek govt intervention, set May 12 deadline

According to the AIBEA, in 2016-17, while the gross operating profit of banks was about Rs 1,590 billion, the provision for NPAs was around Rs 1,703 billion.....»»

Category: topSource: business-standardMay 8th, 2018

Bond yields rise after RBI announces it will buy Rs 100-billion govt debt

Surplus cash held by banks dropped to Rs 380 billion as of May 3 from a high of Rs 1.1-trillion in April.....»»

Category: topSource: business-standardMay 7th, 2018

Walmart launches $16B bond deal in second-largest of year

Walmart Inc. is selling $16 billion bonds to help finance its investment in India’s biggest online seller. The bond sale would be the second-largest of the year, edging out an offering Bayer AG completed two days ago......»»

Category: topSource: moneycentral14 hr. 44 min. ago

Walmart launches $16B bond deal in second-largest of year

Walmart Inc. is selling $16 billion bonds to help finance its investment in India’s biggest online seller. The bond sale would be the second-largest of the year, edging out an offering Bayer AG completed two days ago......»»

Category: topSource: moneycentral14 hr. 44 min. ago

CYBG and Virgin Money join forces to take on UK"s big four banks

Mid-sized bank CYBG has agreed a 1.7 billion pound ($2.3 billion) all-share deal to acquire Virgin Money, which it said will create Britain's sixth-largest bank by assets and a new challenger to the country's top four lenders. Sonia Legg reports.....»»

Category: videoSource: reutersJun 18th, 2018

Virgin Money accepts CYBG"s £1.7 billion all-share bid

U.K. challenger bank Virgin Money Holdings has agreed to a merger bid by rival CYBG PLC worth 1.7 billion pounds, the companies said Monday. The terms of an all-share off.....»»

Category: topSource: marketwatchJun 18th, 2018

US banks poised for $170 billion in shareholder payouts

Large US banks are poised to hand over more capital to investors than they are generating from their businesses for the first time since the 2008 crisis, lowering their defences against another catastrophic shock to the financial system. .....»»

Category: topSource: moneycentralJun 17th, 2018

Free Money? The Fed Is About To Give $36.93 Billion Of Taxpayer Money To Banks

Authored by Mike Shedlock via MishTalk, The Fed upped the interest it pays on excess reserves to 1.95% today. This is free money (taxpayer funded) to banks. The Fed bumped up the interest it .....»»

Category: blogSource: zerohedgeJun 14th, 2018

Don’t be a bull in the headlights as central banks stop propping up stock markets

Stimulus programs inflated the prices of stocks, bonds and real estate. And now comes the reckoning......»»

Category: topSource: marketwatchJun 14th, 2018

The biggest balance transfer to a bank account: $57 billion

JPMorgan was entrusted with the unglamorous but important work of collecting nearly $57 billion in cash from dozens of banks across multiple time zones, aggregating it into a single account and alerting other parties......»»

Category: topSource: moneycentralJun 13th, 2018

USD/CNY (CNY=X) China’s new yuan loans shrink, M2 growth unchanged

USD/CNY (CNY=X) China’s new yuan loans shrink, M2 growth unchanged Chinese banks extended 1.15 trillion yuan (about 179.7 billion U.S. dollars) in new yuan-denominated loans in May, edging down from 1.18 trillion yuan in Ap.....»»

Category: topSource: livetradingnewsJun 12th, 2018

Treasury Concludes Weekly Auctions With Strong Demand For 30Y Bonds

And so this week's accelerated Treasury auctions are over, with a $14 billion reopening of 29-year-11-month bonds pricing moments ago at .....»»

Category: blogSource: zerohedgeJun 12th, 2018

Jeweler Behind $2BN Indian Bank Fraud Reportedly Seeking Political Asylum In London

Four months after news of India's largest-ever banking scandal burst into the headlines when authorities discovered that a series of shell companies tied to a famous Indian jeweler had stolen nearly $2 billion from state-owned banks using an .....»»

Category: blogSource: zerohedgeJun 12th, 2018

Despite US Threats, China Redeploys Missiles On Contested South China Sea Island

China has taken credit for pushing North Korean leader Kim Jong Un to agree to this week's historic peace summit with the US, where the two sides will discuss terms for the possible remo.....»»

Category: blogSource: zerohedgeJun 11th, 2018

2018-06-11 Week - Bonds (Central Banks) - Corn (WASDE)

Watch bonds as an indicator of fear and potential collapse. Corn is a good buy......»»

Category: optionsSource: insidefuturesJun 8th, 2018

IMF, Argentina Agree on $50 Billion Bailout Deal

The International Monetary Fund and Argentina have reached an agreement for a credit line that the South American nation will use to stem a decline in the value of its currency......»»

Category: topSource: wsjJun 7th, 2018

Twitter"s stunning turnaround

Twitter is one of the hottest stocks on Wall Street this year -- and now the company is hoping to cash in by selling $1 billion of bonds that can eventually convert into Twitter stock......»»

Category: topSource: cnnJun 7th, 2018