HSBC shareholders defeat measures backed by Ping An
adminShareholders of HSBC, the European financial giant, voted on Friday to reject an investor proposal aimed at putting pressure on the bank to end its lucrative operations in Asia.That initiative,…
SEC Probes Trading First Republic Execs Before Sale to JPMorgan
The First Republic Bank headquarters in San Francisco, California, USA, on Saturday, April 29, 2023. First Republic Bank shares fell as much as 54% in extended New York trading on…
Federal Bank Q4 PAT increased 67% led by healthy loan growth across all segments
Federal Bank posted a net profit of ₹903 crore for the fourth quarter of FY23, up 67% from the previous year thanks to strong loan growth across all business segments.…
Opinion | The murder of a bum in the subway
To the editor:Re “Subway Killing Both Stuns City and Divides It” (cover, May 5):Politicians and ordinary New Yorkers are pounced on a debate over whether or not a subway rider…
1yr US credit default swap price remains elevated as clueless Joe defies Republican budget cuts, 2yr-3m US Treasury yield curve inverts to bottom of history
by confused interest17 Ok, it is well known that Biden was the stupidest man in the United States Senate. And with Washington's Patty Murray in the Senate, that's quite an…
SBA Promotion: Shortcomings of CFPB Late Fee Proposal Warrant Pause for Small Issuers
The Consumer Financial Protection Bureau's proposal to revise the safe harbor dollar amount for credit card late fees lacks evidence to support its contention that the rule will not have…
Did we avoid a recession with the help of the housing market?
In this article Economists regard the residential housing market as a primary indicator whether a recession is looming, and construction data and home transactions began to show positive signs that…
PacWest fuels regional banks’ rally, easing some of the pain
A Pacific Western Bank branch in Encino, California, USA, on Saturday, April 22, 2023. PacWest Bancorp is scheduled to release earnings figures on April 25.Morgan Lieberman/Bloomberg (Bloomberg Opinion) --PacWest Bancorp…
Less Efficient Markets = Higher Alpha?
Introduction Students often ask me for career advice. Not a particularly satisfying experience. For one, they are often exceptionally bright and hard-working people, with PhDs from Oxford or Cambridge in…
Paytm Q4 loss slashes to ₹168 crore, revenue up 51%
One97 Communications, which owns the Paytm brand, has reported a consolidated net loss of Rs 168 crore for the quarter ended March 31, 2023. This loss is significantly less than…