Tag: Banking
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Credit Suisse on redeeming AT1 bond, and attempt at repaying debt
Credit Suisse (CSGN.S) has been the hotspot of controversy for a while now, it had chosen to reel investors in for a more expensive...
UAE economy gearing up for vigorous gains and surplus profit
The National Bank of Kuwait rolled out a report recently forecasting economic growth of 5.3% on average spanning through 2022-23. An impressive feat in...
Canadian banks shrink future bad debt cushion even as economic risks mount
Canadian banks wrapped up second-quarter earnings season, with most reporting better-than-expected profits, in large part by reducing the amounts of funds they set aside...
US bank profits dip as lenders rebuild loss cushions
U.S. bank profits dropped 6.5% in the first quarter of 2022 to $59.7 billion. This is because larger firms grew their loan loss provisions...
Citi shares climb as Berkshire reveals new $3 BLN stake
Citigroup Inc's shares rose nearly 8% after a new $3 billion bet by billionaire investor Warren Buffett's Berkshire Hathaway Inc boosted confidence in the battered Wall...