Our net interest margin and net interest spread were 1.60% and 1.45% respectively, representing decreases of 30 and 28 BPs respectively, primarily due to (1) a decrease in average yield of interest-earning assets as a result of our support for the real economy, the decrease of loan pri...
BEIJING (Reuters) -Several major banks have cut their 2023 gross domestic product (GDP) growth forecasts for China after May data showed a post-COVID recovery was faltering in the world's second-largest economy. Nomura has cut its forecast for China's 2023 GDP growth to 5.1%...
Minutes later, China cut benchmark lending rates by the same margin at the monthly fixing. The one-year loan prime rate (LPR) was lowered to 3.35% from 3.45% previously, while the five-year LPR was reduced to 3.85% from 3.95%. The PBOC subsequently lowered the rates on its standing l...
that as with the British after 1945, it could take up to 50 years for America to find it’s authentic voice again, not as the greatest nation on earth, but as the second, or maybe even after India by then, the third greatest nation on earth, measured on simple PPP terms. ...
bearing upon the maintenance and enhancement of the Company's good operating results, service level and brand image; the consolidation of its leadership position among the expressway industry and listed communication companies in the PRC; and the overall enhancement of the Company's core ...
The report said that outside of the Asean region, most Thai companies were doing deals in the energy, hotel and petrochemical industries. Turning to the local marketplace, the Kasikorn Bank report said most internal M&A’s were driven by the desire to go into a period of consolidation, ...
Banks have argued that covering the cost of scams will encourage more fraud and potentially cost billions of dollars. Spokespeople for JPMorgan, Wells Fargo, BofA and the CFPB declined to comment. In a statement, Early Warning Services, the operator of Zelle, said it h...
The glitch, which occurred on Tuesday, impacted stocks of major companies including 3M, Wells Fargo & Co and Verizon Communications Inc. The NYSE, owned by Intercontinental Exchange Inc, said it began trading in 2,824 securities without an opening auction, which led to erroneous prices, with...
6 Best Companies to Invest In for 2025 These are the best companies to own in 2025 and beyond. Glenn FydenkevezNov. 15, 2024 7 of the Best Ways to Invest $5,000 $5,000 isn't chump change. Here are some expert-recommended ways to invest it long term. ...