YES BANK WANTS TO BUY CITIBANK INDIA'S RETAIL ASSETS

HIGHLIGHTS

• Yes Bank is interested in buying retail assets of Citibank India.
• The India business of Citibank included credit card service, retail banking, mortgages, and wealth management.
• Citibank India also had a presence in the distributi...

CHINA’S WEALTH MANAGEMENT PRODUCTS & PROPERY LOANS RISE IN Q1

Highlights –

• China’s wealth management products & property loans rise in Q1.
• At the end of March, China’s banking system had about $3.87 trillion of outstanding wealth management products.
• China's outstanding prope...

INVESTORS ARE NO MORE WORRIED AS STOCKS ARE ON A BULL RUN AMID PANDEMIC

Highlights –

• Investors are no more worried as stocks are on a bull run amid pandemic.
• Goldman Sachs, UBS Global Wealth Management and Morgan Stanley are urging clients to remain exposed to equities.
• Monetary support from the Federal ...

Why Wall Street sees the securities exchange very nearly a 'liquefy up'

Is the securities exchange on the precarious edge of separating into an unmitigated hurry to crisp records?

That is the issue various market strategists are investigating as the Dow Jones Industrial Average DJIA, +0.28%, the S&P 500 SPX, +0.15%, and the Nasdaq Composite COMP, +0.07%...

In the months following listings, the stocks of leading companies languished

In 2019 the market mood quickly changed, as 2019 appeared to be a bumper year for IPOs. In the months following their launch, the stocks of high-profile start-ups such as Uber Technologies Inc (Uber Technologies Inc., UBER.N) and Lyft Inc (LYFT.O) languished.

The consequence has been th...

5% cut in the workforce of Bank of Montreal causing reconstructing charges to drop profit

There was a drop reported in the total profit of the Bank of Montreal on Tuesday, caused by severance costs when its workforce of around 5% got cut, causing the shares to go even lower. 

The total income of BMO fell from C$1.7 billion to C$1.19 billion ($894.67 million), or from C$...

The fate of the banks to be decided as they share their earnings

The Banks of the United States has been a very crucial part of the economy and has made the nation a good finance and banking hub. The biggest American banks report earnings this week, and they will probably be hampered by weaker economic growth and lower interest rates. The Federal Reserve ...