Tag Archives: Bank

[unable to retrieve full-text content]Yandex set to buy Tinkoff Bank in defensive move to boost fintech  AIM Group Source link

Shares of Russian internet major Yandex jumped by 14% on the Moscow Exchange on September 23, on top of 11% gain on September 22, to record-high RUB5,300 ($69) per share on the announcement of the acquisition of Russia’s only pure online bank Tinkoff from the banking TCS Group.  As reported by bne… Source link

On this episode of Yahoo Finance Presents, Federal Reserve Bank of New York President & CEO John Williams sat down with Yahoo Finance’s Brian Cheung, to discuss a sweeping variety of topics, including interest rates, yield curve control, corporate bond purchases, liquidity, the Fed’s $7 trillion balance sheet, and many others. Source link

Stock futures opened slightly higher Monday evening as investors looked ahead of a slew of earnings results from big banks Tuesday and later this week. Both the S&P 500 and Nasdaq erased earlier gains to close lower during Monday’s regular session. But each had advanced strongly earlier in the day, driven in part by hopes of a Covid-19 vaccine from Pfizer and BioNTech. The Dow closed higher, with a 4% rise in shares of Pfizer buoying the index. More roll-backs of reopening plans put a damper… Source link

Bank earnings could reveal ugly-looking loan portfolios for the second quarter, but the industry hopes to champion its investment banking and cost-cutting efforts to squeeze out earnings. Earnings season will kick off on Tuesday as JPMorgan Chase (JPM), Citigroup (C), and Wells Fargo (WFC) report earnings before the market bell, covering the large U.S. banks’ performances through the three-month period ended June 30.  “The upcoming [second quarter] earnings will be confusing, sloppy, and… Source link