Switzerland’s Finance Sheriff Takes on UBS and Banking Elite – Mint
(Bloomberg) – After Stephen Walter became the Swiss financial regulator, he named himself among the bankers he overseen. They call him “sheriff.” Walter, 60, is a German citizen with decades of experience in top-level regulations, including the US, and uses turbulent periods in Switzerland to establish the open public presence of Finma, most of Zurich […]
Why do banks keep offering you credit cards? Here’s the real reason – Mint
Banks in India have rapidly expanded their credit card operations. According to data from the Reserve Bank of India, as of early 2025, for this, this is an unresolved card in the system with around $11 trillion. This growth is driven by a highly profitable business model that generates strong revenue from interest rates, fees […]
Canadian banks expected to build reserves to cushion tariff uncertainty – Mint
Toronto, Feb. 24 (Reuters) – Canada's Big Six Bank is expected to build more credit loss provisions to support uncertainty surrounding US tariff threats, analysts said it could weigh since first quarter revenue. Banks are already putting more money aside to cover sour loans as Canada continues to unemployed. Also known as the provisions for […]
Monte Paschi ‘Unthinkable’ Move on Larger Rival Stuns Italy – Mint
(Bloomberg) – The last time Banca Monte dei Pacidi Siena Spa was bought by another lender ended in tears. That's why many in Italy were shocked to wake up on Friday to the announcement that the world's oldest bank, which is subject to a government bailout, wants to buy larger rival Medioban Caspa in an […]
Gold Rate And Silver Price Today on January 19, 2025: Check latest Rates in India – Mint
Gold Rates and Silver Prices Today, January 19, 2025: Gold prices experienced a small decline on Sunday. 24 carat gold price in India is Rs.8128.3 per gram. INR 170.0. 22 carat gold price in India is $7452.3 per gram; INR160.0. 24 Karat Gold price change in the past week is recorded at -1.23%, while in […]
Barclays under fire for sacking 15 Wall Street bankers, cancelling bonuses before holidays | Company Business News – Mint
Weeks before the holiday season, Barclays laid off 15 New York-based bankers and traders and 35 other employees without annual bonuses. The measure has sparked a backlash and raised potential legal issues. The Times of India reports that the UK-based bank's job cuts have left affected professionals upset as they miss out on year-end bonuses, […]
Gold prices lack fresh triggers; what should be your near-term strategy for yellow metal? | Stock Market News – Mint
Against a backdrop of uncertainty over the US election and the Fed's expected interest rate cuts, gold prices are looking to take profits amid a lack of new catalysts. Domestic spot gold prices fell nearly 3% in the week ending Friday, November 8th. MCX Gold hits record high INR79,775 per 10 grams on October 30. […]
Aaron Judge has wave of Yankees using Statue of Liberty ‘mint’ with gear
When Aaron Judge hit his 300th career home run at the White Sox's Guaranteed Rate Field, it was a scene straight out of a movie. The bullpen salute, the teammates crowding around home plate, the rowdy dugout congratulating the captain. Perhaps the colour of Judge's batting gloves and armband could have been just as unmistakable. […]
Nifty 50, Sensex today: What to expect from Indian stock market in trade on August 12 after Hindenburg report | Stock Market News – Mint
Indian equity market benchmark indices Sensex and Nifty 50 are likely to open on a cautious note amid mixed signals in global markets and weak sentiments at home following the release of the fresh Hindenburg report in the Adani Group case against Securities and Exchange Board of India Chairman Madhavi Puri Book. The movement of […]