Banking

NDB Bank: Pioneers in providing innovative financial solutions for Sri Lanka’s national development

World Economic Magazine July 22, 2021

NDB’s vision is “to be the driving force for a financially empowered Sri Lanka”, supported by the mission “to be the catalyst in the financial services industry by creating superior shareholder value and contributing to the national development through the empowerment of individuals with innovative financial solutions delivered by an inspired and dedicated team committed to excellence”.

BOJ’s price outlook views muddled by commodity rise, weak spending

World Economic Magazine July 21, 2021

Bank of Japan policymakers saw the price outlook muddled by rising global commodity costs and soft consumption, minutes of their June meeting showed, underscoring the central bank’s policy conundrum brought on by the COVID-19 pandemic.

Euro zone banks see small tightening of credit standards in Q3

World Economic Magazine July 20, 2021

Euro zone banks expect corporate loan demand to surge in the third quarter and see just a moderate tightening of credit standards or loan approval criteria, the European Central Bank said on Tuesday.

Australian central bank’s policy optimism tested by lockdowns

World Economic Magazine July 20, 2021

Australia’s central bank was counting on the economy to keep surprising with its strength when trimming stimulus earlier this month, but might now be forced to reconsider as coronavirus lockdowns spread across the country.

World Bank trims East Asia, Pacific GDP forecast amid COVID-19 concerns

World Economic Magazine July 15, 2021

Growth in East Asia and the Pacific this year will likely be slower than previously thought, the World Bank said on Thursday, as many countries in the region grapple with spikes in COVID-19 cases, new variantsand vaccine supply constraints.

Big banks seek to curb “speculative” planned UK forex class action

World Economic Magazine July 15, 2021

A proposed multi-billion pound claim against powerful banks over alleged foreign exchange (forex) rigging is too weak and speculative to be allowed to proceed as a U.S.-style class action, the banks’ lawyer told a London court on Wednesday.

Wells Fargo wary on prospect of asset restriction easing

World Economic Magazine July 15, 2021

Wells Fargo & Co’s(WFC.N)Chief Executive Officer Charlie Scharf said the bank was not yet planning for the end of a damaging asset cap imposed by regulators after it smashed Wall Street estimates for second-quarter earnings.

BOJ aimed to work with govt in regional bank scheme, minutes show

World Economic Magazine July 14, 2021

The Bank of Japan’s scheme to incentivise consolidation among regional banks was meant to show it was working alongside the government to tackle problems in the country’s banking system, minutes of the deliberations showed.

JPMorgan profit soars on recovery but questions linger over lending outlook, competition

World Economic Magazine July 14, 2021

JPMorgan Chase & Co (JPM.N) second-quarter profits jumped 155% as the U.S. economy continued to rebound, but executives warned on Tuesday that the sunny outlook would not make for blockbuster revenues in the short term due to low interest rates, weak loan demand and a slowdown in trading.

JPMorgan’s profit more than doubles despite trading slump

World Economic Magazine July 13, 2021

JPMorgan Chase & Co (JPM.N) reported a 155% jump in profit on Tuesday, getting a boost from the release of loss reserves and a surge in dealmaking, even as the largest U.S. bank dealt with a sharp slowdown in trading activity from last year’s record-breaking levels.

NDB Bank: Pioneers in providing innovative financial solutions for Sri Lanka’s national development

World Economic Magazine July 22, 2021

BOJ’s price outlook views muddled by commodity rise, weak spending

World Economic Magazine July 21, 2021

Euro zone banks see small tightening of credit standards in Q3

World Economic Magazine July 20, 2021

Euro zone banks expect corporate loan demand to surge in the third quarter and see just a moderate tightening of credit standards or loan approval criteria, the European Central Bank said on Tuesday.