Large U.S. Banks Shrink Assets; Industry Cuts Wholesale Funding In Q4 2024
In the fourth quarter of 2024, the US banking industry reported a smaller overall asset base and upgraded its funding profile ...
The Punch on MSN2h
FG sold $700m Delta Steel Company for $30m, says bureau
The Director General of the Bureau for Public Enterprises, Ayodeji Gbeleyi on Friday, revealed that Delta Steel Company, valued at over $700m, was sold for a paltry sum of $30m.Gbeleyi stated this ...
Hosted on MSN3h
West Virginia considers bill to add digital assets to its reserve fund and loan or stake them
West Virginia became the 23rd state to introduce legislation to create a “Bitcoin reserve fund.” If passed, the bill would ...
Ameriprise Financial: Strong Asset Growth and Client Cash Revenue Expected Ahead; Valuation Intact
The company’s diversification across wealth management, asset management, and insurance muddies the company’s financials, and investors might discount the company’s valuation because of this.
Raymond James: Revenue Stream Diversification Enables Growth Amid Lower Interest Rates
Lower interest rates over the next several years will stifle net interest income growth. The company may have a greater opportunity to recruit advisors as it fills holes in its geographic footprint ...
India Today23h
PNB loan scam: Court orders auction of assets owned by Mehul Choksi's firm
The order was passed by Special Judge SM Menjoge in response to an application filed by the liquidator, Shantanu Ray, under Prevention of Money Laundering Act (PMLA).