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2 mins read

Union Bank to sell 8 troubled accounts worth Rs 3,000 cr to bad bank NARCL

Union Bank of India on Friday said it has identified eight troubled accounts worth Rs 3,000 crore t…

PTI   


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3 mins read

Banks write off Rs 14.56 lakh crore NPAs in last nine financial years

Scheduled Commercial Banks (SCBs) have recovered an aggregate amount of Rs 2,04,668 crore in wr…

PTI   


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8 mins read

Critics roasted LVMH for spending big on Tiffany. 4 years later, the bet doesn't look so bad.

LVMH's $15.8 billion Tiffany takeover was its biggest ever — and met with high expectations. But it…

Madeline Berg   


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2 mins read

How a Saudi pullback from a landmark US deal would be bad news for dollar dominance

The Atlantic Council is speculated what could happen to the dollar if a long-standing accord with S…

Filip De Mott   


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2 mins read

Wall Street sees this opaque corner of financial markets as the likeliest source of a credit crisis, Bank of America says

Investors now see "shadow banking" as the leading source of a potential credit event, respondents i…

Filip De Mott   


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2 mins read

The boss of Russia's biggest bank said the country's economy is 'definitely and strongly overheated'

Russia's economy is driven by wartime activities, government subsidies that steady the economy, and…

Huileng Tan   


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3 mins read

Hospital wait times will still be bad this year, even with labor gains

The US may be recovering from a physician shortage, but don't expect to spend less time in hospital…

Allie Kelly   


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4 mins read

How bad is the banking crisis?

Central banks, regulators and governments are rushing to save banks from collapsing. But the uncert…

Spriha Srivastava   


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1 min read

Bank of America lays out the perfect scenario for stocks to rally after the May jobs report

"Sub- 125K gains in NFP could increase the risk of triggering the Sahm Rule, reviving recession fea…

Matthew Fox   


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3 mins read

Why bad news for the economy can be good news for stocks

Solid economic growth and employment gains could darken the outlook for stocks by prompting the Fed…

Theron Mohamed   


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2 mins read

FDIC chairman Martin Gruenberg to resign following investigations into sexual harassment at the bank regulator

President Joe Biden is set to nominate a new FDIC chair after independent and congressional scrutin…

Shubhangi Goel   


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2 mins read

Shohei Ohtani's ex-interpreter was really bad at sports betting, according to court documents

Ippei Mizuhara, Shoehei Ohtani's ex-interpreter, had a negative balance of $40.7 million, prosecuto…

Lloyd Lee   


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7 mins read

Banks have finally fixed the single most annoying thing about credit cards

Banks are using huge amounts of data to separate legitimate purchases from scams. That's great for …

Emily Stewart   


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3 mins read

The West can't completely isolate Russian banks because it would be disastrous beyond Russia

The West could still block the access of all Russian banks to SWIFT — but it would come with major …

Huileng Tan   


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2 mins read

Global powers are helping Ukraine by giving it money frozen from Russia. That spells bad news for companies still doing business there.

Companies that stayed in Russia after its 2022 invasion of Ukraine may have their assets seized if …

Filip De Mott   


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2 mins read

Don't feel bad for Gen Z and millennials they'll work less and live longer, Jamie Dimon says

JPMorgan CEO Jamie Dimon said Gen Zers and millennials would probably work just 3.5 days a week, av…

Theron Mohamed   


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2 mins read

China is still struggling to fix its demand problem and that's bad news for the likes of Apple and Tesla

China's GDP rose by a better-than-expected 5.3% in the first quarter, but analysts flagged slowing …

George Glover   


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3 mins read

I ditched my smartphone for 12 months but it was a bad decision

After a year of not having a smartphone, I'm going back. It was impractical to be disconnected from…

William Haigen   


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6 mins read

Jamie Dimon, CEO of JPMorgan Chase, just hinted at retirement. Here's how he became an iconic billionaire banker.

Jamie Dimon, the CEO of JPMorgan Chase, began his career in banking at American Express.

Katherine Tangalakis-Lippert   


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1 min read

Crypto currencies have no underlying value, says RBI official

Crypto currencies cannot be referred to as "currencies" as they have no underlying value, a central…

PTI