US banks hold US$3.3 trillion cash amid banking crisis, slowdown worries

Big banks like Bank of America and TD capitalize on SBA loan growth

Bank of America has made 1,000 loans totaling $394.2 million through the Small Business Administration 7(a) program so far in fiscal 2023. It is aiming to...

#money #technology #economy

American Banker

2023-09-25 01:00:00 • 1 min

Banks fearing a liquidity crunch pay more to cling to cash

BANKS are paying up to protect their cash holdings from sinking further and to safeguard against future runs on deposits, according to Bank of America.

#cashholdings #sink #deposit

2023-09-24 08:35:42 • 1 min

Indians have five days to deposit 240 billion rupees in soon-to-be-withdrawn banknotes

INDIAS highest value banknote will be withdrawn in less than a week and theres still almost 240 billion rupees (S$2.9 billion) worth of the notes in...

#banknote #billionrupees #circulation

2023-09-25 03:33:13 • 1 min

India's household debt payments threaten economic growth

India's rapid economic growth, the fastest among major economies, is under threat as increasing household debt payments diminish consumer spending power....

#debtpayments #cash #debtservicing

2023-09-25 04:36:35 • 1 min

Foreigners set for bigger play in US$1 trillion India bond market

INDIAS US$1 trillion government bond market has struggled for years to rise above the criticism of being insular.

#government #bondmarket

2023-09-25 03:20:00 • 1 min

State-owned British Business Bank makes 147m annual loss

The state-owned British Business Bank (BBB) has swung to an annual pre-tax loss of more than 147m. The economic development lender says wider economic...

#businessbank #development #investment

BBC

2023-09-25 03:29:06 • 1 min

Gov’t aims to raise $1B from retail dollar bonds offering

MANILA -The Bureau of the Treasury will launch on Sept. 26, or at least announce the schedule for the auction and offering period, of US dollar-denominated...

#laws #marcosadministration #debtinstrument

2023-09-25 02:29:32 • 1 min

High rates slowed down bank lending in JulyBSP

The growth in lending activities of the Philippines’ large banks slowed for the fourth straight month to 7.7 percent in July as the Bangko Sentral ng...

#banklending #business #junedata

2023-09-24 18:09:00 • 1 min

6 Money Secrets of Wealthy Baby Boomers

Baby boomers currently hold 50% of the total wealth in the U.S., with over $78 trillion in assets. While, certainly, not every member of this generation is...

#babyboomers #income #retirement

Nasdaq

2023-09-25 11:00:20 • 2 mins

U.S. Dollar Climbs In Cautious Trade

The U.S. dollar was higher in the European session on Monday, amid the Federal Reserve's stance of higher-for-longer interest rates and concerns about the...

#estate #president #currency

RTTNews

2023-09-25 12:38:58 • 1 min

PH bank lending further slowed in July

MANILA – The growth in monthly lending by the Philippines’ large banks further slowed, for the fourth month straight, at 7.7 percent in July due to waning...

#banklending #business #gas

2023-09-25 05:59:58 • 1 min

Bank of Japan maintains steady monetary easing amidst economic uncertainty

The Deputy Governor of the Bank of Japan, Uchida, reiterated on Monday the central bank's commitment to maintain a steady course of monetary easing,...

#economicuncertainty #maintainingstability #necessaryactions

2023-09-25 07:01:25 • 1 min

SoftBank to raise over 120 billion yen via bond-type shares

SOFTBANK will decide as early as Monday (Sep 25) to raise as much as 120 billion yen (S$1.1 billion) via Japans first public offering of bond-type class...

#Softbank #classshares #billionyen

2023-09-25 02:44:22 • 1 min

The Next Crisis in Pensions and Government Debt

With a spike in government deficit and an elevated interest rate environment, are we seeing the beginning of a crisis in sovereign debt and pension funds? We...

#nextcrisis #congressman #election

Nasdaq

2023-09-25 11:55:00 • 1 min

UK state bank swings to 135 million loss on sliding tech prices

THE British Business Bank (BBB) swung to a loss of 135 million (S$226 million) in the year till March, as the UKs state development bank was stung by the...

#startup #businessbank #developmentbank

2023-09-25 00:31:01 • 1 min

Gov’t aims to raise at least $200M from 2nd retail dollar bond offering

MANILA -The Bureau of the Treasury, in a notice issued on Monday, said the second outing for the dollar-denominated retail Treasury bonds – or Retail Dollar...

#laws #marcosadministration #debtinstrument

2023-09-25 02:29:32 • 1 min

Investor focus on India's market potential intensifies

Investors have approximately $2 trillion available for investment, with a significant portion, between $100 billion to $150 billion, earmarked for India,...

#investment #nyse #technology

2023-09-25 06:28:12 • 1 min

Big-bank borrowing rebound seen as sign of alarm on reserves

After declines in June and July, the largest U.S. banks increased their borrowing in August by 9%, or $70 billion, Federal Reserve data shows. An increase in...

#cash #government #policy

American Banker

2023-09-19 00:07:20 • 1 min

Central banks across Europe pause for breath after mammoth rate hike run, but face 'triple dilemma'

Key Points The Bank of England and Swiss National Bank held interest rates steady this month, while the European Central Bank opted for a "dovish hike" and...

#dilemma #business #currency

CNBC

2023-09-25 05:15:39 • 1 min

Fed rate hikes lead to lower inflation, steady unemployment

The Federal Reserve's consistent increase in its benchmark rate has led to a significant decrease in inflation and maintained a steady unemployment rate,...

#market #aggressivemeasures #economicadvancement