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  • 02/22/2018 23:07:51

    PRESS DIGEST- New York Times business news - Feb 23

    The following are the top stories on the New York Times business pages. - After a barrage of customer complaints this week, the First National Bank of Omaha said on Thursday that it would withdraw its National Rifle Association-branded Visa credit card.

  • 02/22/2018 21:26:24

    NRA-branded Visa card dropped by First National Bank of Omaha

    First national Bank of Omaha says it received complaints amid an intensifying national debate on gun control        

  • 02/21/2018 13:27:03

    Exclusive: India's PNB adopts strict SWIFT controls after mega fraud case

    MUMBAI (Reuters) - India's state-run Punjab National Bank has stepped up its controls on the use of global payments network SWIFT following an alleged $1.77 billion fraud, according to memos issued this month and seen by Reuters.

  • 02/19/2018 21:29:00

    MIDEAST - Factors to watch - February 20

    Here are some factors that may affect Middle East stock markets on Tuesday. INTERNATIONAL/REGIONAL. * GLOBAL MARKETS-Asian stocks slip after European surge fades, dollar edges up. * MIDEAST STOCKS-Gulf sluggish as Waha cuts dividend; big bank boosts Egypt. * Oil markets mixed on lower Canadian flows, firmer dollar. * PRECIOUS-Gold prices inch down as dollar strengthens.

  • 02/19/2018 11:04:39

    More arrests in $1.8bn Punjab National Bank scam

    Several Punjab National Bank workers have been detained in connection with India's biggest fraud.

  • 02/17/2018 09:37:04

    Three held as $1.8 billion fraud ripples through Indian banks

    India's federal police detained two employees of Punjab National Bank , the state-run lender that says it has been the victim of a $1.77 billion fraud, in the first arrests in a fast-widening probe into the country's biggest-ever bank scam.

  • 02/15/2018 23:06:19

    Hackers stole $6 million in attack on SWIFT system, Russian central bank says

    MAGNITOGORSK, Russia (Reuters) - Unknown hackers stole 339.5 million rubles ($6 million) in an attack on the SWIFT international payments messaging system in Russia last year, the Russian central bank said on Friday.

  • 02/15/2018 23:00:00

    Hackers stole $6 mln in attack on SWIFT system, Russian central bank says

    MAGNITOGORSK, Russia, Feb 16 (Reuters) - Unknown hackers stole 339.5 million roubles ($6 million) in an attack on the SWIFT international payments messaging system in Russia last year, the Russian central bank said on Friday.

  • 02/15/2018 14:25:53

    China's Treasury holdings in 2017 climbed by the most in seven years

    China's holdings of U.S. government paper rose the most in seven years last year, according to recently published data from the widely-watched Treasury International Capitol Report. The second-largest economy's stockpile of Treasurys climbed more than $120 billion in 2017 to $1.185 trillion as of December. As pressure on the yuan abated last year, it began to accumulate U.S. government paper. The People's Bank of China buys Treasurys, a mainstay of its foreign-exchange reserves, to stabilize the currency . Earlier in January, reports suggested the Chinese government would diversify away from U.S. bonds amid a flare-up in its trade relations. The reports were later refuted, but underlined bond investors' concerns the U.S. was ramping up issuance of debt at a time when its largest foreign holder appeared unwilling to absorb this increase in supply.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 02/15/2018 01:13:13

    PNB shares reeling, but other Indian banks stabilise after giant fraud shock

    Indian bank shares broadly recovered on Thursday a day after being hit by news of the country's biggest ever bank fraud, although Punjab National Bank - the lender at the centre of a $1.77 billion scam - has lost a fifth of its market value.

  • 02/14/2018 15:28:06

    Warren Buffett's Berkshire Hathaway adds Apple and Teva shares, cuts IBM stake

    Warren Buffett's Berkshire Hathaway Inc. raised its stake in Apple Inc. by 31.24 million shares to 165.33 million shares as of Dec. 31 versus 134.09 million at the end of September, according to a 13F filing with the Securities and Exchange Commission. It also took a new stake of 18.88 million shares in Teva Pharmaceutical Industries in the fourth quarter. Apple rallied 9.8% during the quarter while Teva rose 7.7% compared with S&P 500's 6.1% gain. However, Berkshire Hathaway slashed its stake in International Business Machine Corp. to 2.05 million shares versus 37.03 million shares. Berkshire's other holdings in major companies such as Bank of America Corp. , Wells Fargo & Co. , and Coca-Cola Co. were mostly unchanged.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 02/14/2018 09:01:28

    Credit Suisse's Fourth Quarter Results Beat Expectations With Volatility Bringing Cautious Outlook

    Credit Suisse(CS), the multinational lender based in Zurich, Switzerland, narrowed its fourth quarter loss and bested analysts' expectations as revenue rose while the bank said it's taking on a "cautious short-term outlook" amid recent market volatility.

  • 02/06/2018 12:19:00

    Punjab National Bank Q3 net profit up 11.1% at Rs 2.3 bn, bad loans decline

    The public sector lender's total income increased by 8.02 per cent to Rs 152.57 billion for the quarter under review

  • 02/02/2018 12:57:38

    BRIEF-Air T's Subsidiaries Executes Loan Agreement With Old National Bank

    * AIR T INC - ON JAN 31, 2018, SUBSIDIARIES OF CO EXECUTED A LOAN AGREEMENT WITH OLD NATIONAL BANK -SEC FILING

  • 01/29/2018 10:37:11

    Valley National Grows Auto Portfolio With Boost From Florida

    Valley National Bank grew its auto loan portfolio by 9% year over year in the fourth quarter, due in large part to an expansion in Florida, according to the company’s earnings report. The New Jersey-based bank’s auto portfolio totaled $1.2 billion at the end of the quarter, up from $1.1 billion during the same period […]

  • 01/25/2018 14:34:16

    BRIEF-National Bank Holdings Q4 Adjusted Earnings Per Share $0.36

    * ANNOUNCES FOURTH QUARTER AND FULL YEAR 2017 FINANCIAL RESULTS

  • 01/25/2018 09:05:00

    Large public sector banks' shares tank as Rs 880-bn recap plan disappoints

    Shares of large public sector banks (PSBs) fell sharply on Thursday after the government's Rs 880-billion capital infusion plan disappointed investors. Shares of State Bank of India (SBI) and Union Bank of India fell five per cent each, Punjab National Bank (PNB) fell the most at 7.1 per cent and Bank of Baroda and Union Bank of India dropped six per cent each. In contrast, smaller PSBs, including UCO Bank and Punjab & Sind Bank ended with gains. A day earlier, shares of all state-owned banks had rallied ahead of the recapitalisation (recap) announcement. The centre on Wednesday announced the much-awaited capital infusion plan under it will invest a total of Rs 800 billion across 21 PSBs through recap bonds. This is in addition, of the Rs 80 billion the government has invested in some banks. Separately, banks have raised Rs 120 billion by way of qualified institutional placement (QIPs) and by divesting holdings in non-core businesses. All this put together, would result in 50 per .

  • 01/11/2018 14:33:24

    BRIEF-National Bank Of Canada Announces Increase To NVCC Preferred Share Issue

    * NATIONAL BANK OF CANADA ANNOUNCES INCREASE TO NVCC PREFERRED SHARE ISSUE Source text for Eikon: Further company coverage:

  • 01/06/2018 10:36:00

    Smaller PSBs beat giants in dash to NCLT, Bank of Baroda tops with 55 cases

    Smaller banks have been more agile in the initial days of the Insolvency framework by moving more cases to the National Company Law Tribunal (NCLT). While among the large banks Bank of Baroda led the list, Uco Bank, Bank of Maharashtra, Dena bank have initiated more NCLT proceedings than their larger rivals such as State Bank of India and Punjab National Bank. SBI, however, led the list in terms of value having initiated 18 cases with Rs 340.97 billion at stake, as of September 30. In all total amount assets under these proceedings as of September 30, stood at Rs 1.07 trillion. The total number of cases stood at 330. there could be many common cases, where more than one lender is involved. Business Standard compiled these details from responses obtained through Right to information (RTI). While seventeen banks shared the details under RTI, Indian Overseas Bank and IDBI refused to share the details citing commercially sensitive nature of the information. The Reserve Bank of India said .

  • 01/02/2018 14:33:28

    BRIEF-National Bank Holdings Corp Announces Completion Of Peoples Inc Acquisition

    National Bank Holdings Corp(NBHC): * NATIONAL BANK HOLDINGS CORPORATION ANNOUNCES COMPLETION OF PEOPLES, INC. ACQUISITION Source text for Eikon: Further company coverage:

  • 12/20/2017 22:46:38

    BNY Mellon freezes $22 billion of Kazakhstan assets: source

    The Bank of New York Mellon (BK) has frozen $22 billion in Kazakhstan's oil-generated National Fund's assets over a lawsuit launched by Moldovan businessman Anatolie Stati and his companies against the Kazakh government, a source familiar with the case said on Thursday. Kazakhstan's National Bank has in turn filed a lawsuit against BNY Mellon.

  • 12/20/2017 22:30:31

    METALS-London copper drifts from near two-month top

    (Adds comment, detail, updates prices) By Melanie Burton MELBOURNE, Dec 21 (Reuters) - London copper slipped on Thursday from a near two-month high hit the session before on year-end profit-taking, with prices supported by a softer dollar and a sturdy demand outlook from China. Chinese demand growth is expected to be slow but stable into 2018, while the pickup in global activity should support copper demand, National Australia Bank said in a report. "Downside risks remain aroun

  • 12/18/2017 15:54:20

    BRIEF-Park Lawn Corporation Announces New Credit Facility

    Park Lawn Corp(PRRWF): * PARK LAWN CORPORATION ANNOUNCES NEW CREDIT FACILITY. * PARK LAWN CORP SAYS CLOSING OF A NEW SYNDICATED BANK FINANCING ARRANGEMENT LED BY NATIONAL BANK OF CANADA. * Park Lawn Corp(PRRWF) - NEW FINANCING ARRANGEMENT HAS A TERM OF FIVE YEARS AND "MORE THAN TRIPLES" CO'S BORROWING CAPACITY TO $125 MILLION Source text for Eikon: Further company coverage:

  • 12/15/2017 12:04:11

    Deutsche Bank has been asked for info on Flynn transactions: WSJ

    Deutsche Bank has been asked by U.S. Special Counsel Robert Mueller to hand over information about transactions that could be linked to Michael Flynn, the former national security adviser who has pleaded guilty to lying to the FBI, The Wall Street Journal reported, citing people familiar with the matter. Deutsche Bank also has been asked for information about entities connected to Flynn, the report said.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 12/12/2017 20:16:39

    Morning News Call - India, December 13

    sources Punjab National Bank has raised 50 billion rupees from a share sale to institutional investors, sources with direct knowledge of the transaction said on Tuesday. • India's ...

  • 11/28/2017 20:28:19

    Morning News Call - India, November 29

    To access the newsletter, click on the link: http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_11292017.pdf If you would like to receive this newsletter via email, please register at: https://forms.thomsonreuters.com/india-morning/ FACTORS TO WATCH 9:15 am: Punjab National Bank continues to sell up to 9.99 million shares of PNB Housing Finance via offer for sale, Retail part of offer opens in Mumbai. 9:15 am: Environment Minister Harsh Vard

  • 11/28/2017 14:23:57

    BRIEF-National Bank Holdings Corp Announces Regulatory Approvals For The Acquisition Of Peoples Inc

    * NATIONAL BANK HOLDINGS CORPORATION ANNOUNCES REGULATORY APPROVALS FOR THE ACQUISITION OF PEOPLES, INC.

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