Bank of America will hire 1,000 apprentices and invest $150 million in U.S. workforce development over the next five years.
Browsing: Banking
Softbank has raised $11.1 billion in bonds in the largest high-yield corporate bond sale globally on record.
Morgan Stanley accidentally circulated an internal list of more than 100 potential investment banking deals across Asia, including India.
SoftBank launches $10 billion in dollar notes and €1 billion in euro notes to fund its latest $10 billion investment in OpenAI.
The U.S. dollar eases from a seven-week high as investors await the Bank of Japan’s expected interest rate hike Friday.
An unverified Reddit post claims a U.S. bank fired 80 India-based customer service employees during a five-minute Google Meet call.
Kastle raises $24 million Series A led by Insight Partners to expand AI agents for banking and consumer lending operations.
De Nederlandsche Bank relocated a portion of North American holdings to boost market liquidity during global crises.
A group of 21 financial institutions plan to create a company to issue a cryptocurrency pegged to the dollar by 2027.
India’s Insolvency Code, the political economy of the haircut, and the quiet transfer of public wealth
Citigroup and Axis Bank partner to leverage NRI deposits, potentially boosting dollar inflows and India’s foreign-exchange reserves.
Bank of America will acquire up to a 49.9% stake in Jio Credit for $1.9 billion, strengthening its presence in India’s financial sector.
HDFC Bank faces U.S. shareholder law firm investigations over alleged disclosure lapses following reports of irregular payments, ADR losses.
SBI’s upcoming Frisco branch sparks online backlash over remittances, immigration concerns, and international money transfer services.
Bank of America leads the latest U.S. consumer bank rankings, while Wells Fargo finishes last based on customer reviews and complaints.
BlackRock beat second-quarter earnings estimates as assets under management climbed to a record $15.34 trillion.
JPMorgan Chase reported record second-quarter profit as investment banking fees and trading revenue surged.
JPMorgan Chase, Goldman Sachs, Bank of America and other major U.S. banks kick off earnings
NBS plans 600 job cuts following the Virgin Money merger as integration reshapes operations, eliminates overlapping roles.
US credit card delinquencies hit their highest level since the 2008 crisis, signaling growing financial strain among consumers.
Indian banks are offering higher NRI deposit rates after RBI incentives, seeking billions in fresh dollar inflows to support the rupee.
CD rates are reaching up to 4.00% APY on June 9, with major banks offering competitive terms, flexible deposit requirements
Bank of America plans to hire nearly 4,000 intern and graduates while increasing employee exposure to AI tools.
Standard Chartered plans over 7,000 job cuts worldwide as the bank accelerates artificial intelligence adoption and automation initiatives.
The central bank explores alternatives to rigid individual holding caps following strong pushback from the cryptocurrency industry.