Investor-Banks led by State Bank of India (SBI) seem to have finally zeroed in on an investor to sell their investment in YES Bank (YBL). Japanese financial conglomerate Sumitomo Mitsui Banking Corporation (SMBC) has reportedly emerged as the successful bidder to buy the banks’ 33.71 per cent shareholding in India’s sixth largest private sector bank.
The Bank Nifty index has made waves in the market, hitting an all-time high of 56,098 in April, but it now hovers around the 55,000 mark. Meanwhile, the Nifty50 benchmark index is still around 7% away from its own record high, while banking stocks have continued to outpace the broader market. However, the recent retracements
The Consumer Financial Protection Bureau is expected to amend, or rescind and reissue, the rule on consumer financial data rights, potentially throwing out years of work under the Biden administration on a regulation that banks have long opposed, experts say. How the Trump administration will change the open banking rule is still unknown, but there
Bangladesh’s banking sector is under mounting stress as the combined capital shortfall of 20 banks surged by Tk1.18 lakh crore in Q4 of 2024, pushing the total deficit to Tk1.72 lakh crore by year-end. This sharp rise signals growing fragility in the sector, with many banks now struggling to absorb losses, meet regulatory buffers, or
Ashish Chopra is CIO at TDECU. getty Agentic artificial intelligence (agentic AI) is ushering in a new era for financial institutions, offering transformative capabilities that can fundamentally reshape operations, improve customer engagement and enhance risk management. By harnessing the power of agentic AI, financial organizations can automate complex, end-to-end tasks, achieve goal-oriented reasoning, unlock value
Cyprus’ banking sector has undergone a profound transformation since the 2013 financial crisis, marked by sweeping consolidation, branch closures, and a rapid shift towards digital banking. Since 2013, several key players have exited the scene. Laiki Bank and the Cooperative Bank have both shut down. Hellenic Bank, which absorbed the Cooperative, is now part of
The Trump administration is poised to reopen a Biden-era rule allowing customers to share their sensitive bank data with third-party fintechs and potentially vacate it, according to multiple sources. The Consumer Financial Protection Bureau is leaning toward reworking its open banking rule, which allows customers to share their deposit account and credit card information with
The Trump administration is poised to reopen a Biden-era rule allowing customers to share their sensitive bank data with third-party fintechs and potentially vacate it, according to multiple sources. The Consumer Financial Protection Bureau is leaning toward reworking its open banking rule, which allows customers to share their deposit account and credit card information with
This article was written by Follow I like to take a long term, buy-and-hold approach to investing, with a bias toward stocks that can sustainably post high quality earnings. Mostly found in the dividend and income section. Blog about various US/Canadian stocks at ‘The Compound Investor’, and predominantly UK names on ‘The UK Income Investor’. Analyst’s
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