Bank of America's Philadelphia brass on competition, loan demand, real estate

MIDAS SHARE TIPS: LendInvest's 11.5% interest may not be too good to be true

The latest bond from property firm LendInvest is surprisingly generous. Offering interest of 11.5 per cent a year, it may strike investors as too good to be...

#technology #mortgage #portfolio

Daily Mail

2023-09-23 20:52:04 • 1 min

Real estate crisis triggers new alarms over Chinas shadow banks

AN ACCOUNTANT in northeast China deposited her life savings and received a letter guaranteeing her investment in a trust firm. Workers at a state-owned...

#investment #money #government

The Business Times

2023-09-23 05:11:01 • 1 min

US banks ramp up borrowing amid reserve concerns, FHLB advances hit highest level since 2006

Major U.S. banks have increased their borrowing by 9%, or $70 billion, in August, as reported on Monday. This development follows decreases in borrowing...

#fhlbadvances #development #nyse

2023-09-18 17:54:12 • 1 min

Is U.S. Bancorp Stock a Buy?

Banks have had a tough go of it in 2023. U.S. Bancorp (NYSE: USB), the fifth-largest bank in the U.S. by assets, has been under the microscope since the...

#bancorpstock #nyse #money

2023-09-22 10:10:00 • 2 mins

Bank of America Isn't the Dividend Bargain You Think

If you are an income-focused investor, Bank of America's (NYSE: BAC) 3.3% dividend yield will probably look pretty attractive since it is toward the high end...

#nyse #income #market

2023-09-23 14:23:00 • 2 mins

High Interest Rates Boost High-Yield Savings Accounts, Despite Economic Slowdown Fears

The Federal Reserve's aggressive rate-hiking campaign over the past 18 months has led to a surge in high-yield savings accounts, offering a silver lining to...

#policy #option #finance

2023-09-22 13:16:22 • 1 min

Lock in to fixed rate savings deals while they last

Savers looking for a good deal are being urged to lock in soon amid fears the best rates may disappear. On Thursday, the Bank of England voted to maintain...

#inflation #bond #investment

Daily Mail

2023-09-23 20:52:52 • 1 min

Chinese investors in scramble to offload overseas property portfolios

Property crisis and worsening financial situation leave Chinese investors struggling to afford payments.

#ChineseInvestors #propertycrisis #portfolio

South China Morning Post

2023-09-23 22:00:17 • 1 min

Lucio Tan, wife Carmen yield PNB directorships

MANILA -Tycoon Lucio Tan stepped down as a director of the Philippine National Bank (PNB) after serving the role for over 20 years as one of the country’s...

#portfolio #carmen #pnb

Inquirer.net

2023-09-23 16:44:42 • 1 min

Bank of America CFO: Difficult to see U.S. recession amid recent consumer spending

Investing.com -- Bank of America Corp (NYSE: BAC )finance chief Alastair Borthwick has argued that it is "difficult to see" a recession occurring in the U.S....

#nyse #finance #inflation

2023-09-20 13:45:26 • 1 min

Gov’t warned vs relying on Chinese ODA, urged to strengthen PPPs instead

MANILA, Philippines — A geopolitical and geo-economics expert has warned against relying on Chinese Official Development Assistance (ODA) as it could lead to...

#geopolitical #government #president

Inquirer.net

2023-09-23 12:25:06 • 1 min

Financial Sector Update for 09/22/2023: AMTD, C, ING

Financial stocks were lower Friday afternoon with the NYSE Financial Index down 0.1% and the Financial Select Sector SPDR Fund (XLF) off 0.2%. The...

#nyse #estate #bitcoin

2023-09-22 17:37:27 • 1 min

Real Estate Crisis Triggers New Alarms Over Chinas Shadow Banks

A financially troubled firm has stopped paying investors, risking panic and testing the Chinese governments resolve to take on debts from its property...

#shadowbanks #estatecrisis #finance

The New York Times

2023-09-22 04:00:33 • 1 min

Is There Opportunity in PayPal (PYPL) or Block's (SQ) Stock Near 52-Week Lows

Innovation in the financial technology space is always abundant with PayPal PYPLand Block SQstill bidding to be fintech leaders but their stocks currently...

#innovation #market #opinion

2023-09-23 01:40:00 • 1 min

Financial Sector Update for 09/22/2023: LPLA, C, ING

Financial stocks were lower late Friday afternoon with the NYSE Financial Index down 0.4% and the Financial Select Sector SPDR Fund (XLF) off 0.3%. The...

#nyse #estate #bitcoin

2023-09-22 19:37:23 • 1 min

A Key Bank-Lending Metric Just Made History: Here's What It Likely Means for Stocks

One of the few constants Wall Street offers investors is short-term unpredictability. Since this decade began, the iconic Dow Jones Industrial Average...

#forecast #equity #security

2023-09-19 09:21:00 • 2 mins

What the Self-Employed Need to Know When Applying for a Mortgage

Buying a home or owning a property can often feel like a pipeline dream for those that are self-employed, or working as a freelancer. Typically, any lender...

#option #opinion #nasdaq

Embracing Agility: Case for Shifting Banking Focus to Quarterly Projects During Budget Season

2023-09-23 11:00:05 • 1 min

Technology

By James White Heres the irony of the so-called banking revolution: There is no night-and-day change, no watershed momentthe revolution is that every...

#budget #tech #fintech

2023-09-22 17:11:32 • 2 mins

PBOC's yuan strategy impacts bond market, may reduce investor demand

In an unforeseen turn of events, the People's Bank of China's (PBOC) strategy to bolster the yuan may inadvertently affect the bond market, leading to a...

#treasury #development #PBOC

2023-09-22 03:48:39 • 1 min