Lufax leads financial winners for the week, and First Interstate Bank falls most (NYSE:LU)

Golden bull and bear on stock data chart background. Investing, stock exchange financial bearish and mullish market concept.

Bet_Noire In the financial stocks making the biggest moves this week, some of the usual volatile names figured prominently in the list climbers, while the biggest losers were mostly small mid-cap banks that recently reported Q4 earnings. Overall, financial stocks fared well. The Financial Select Sector SPDR ETF (XLF) rose 2.5% the week ended Jan. … Read more

Barclays 2023 Bank closures: 15 more branches close

Bank brand Barclays have announced that a further 15 high street branches will close this year, meaning that over 100 banks are slated to shut down this year. The bank will close 14 branches across England and Wales starting from late April to the first few days of May. Barclays sites in London, Gosport, Bridgwater and St … Read more

Tata Motors, Yes Bank, SBI Cards, Bajaj Auto, Embassy REIT, BPCL, Pidilite, TVS Motor Company stocks in focus

stocks markets, share market, tata motors, sbi cards

Indian benchmark indices may open in the red on monthly F&O expiry, hinted SGX Nifty on Wednesday. Nifty futures traded lower at 18,110 level on the Singapore Exchange. “The lack of sustainability in Nifty at higher levels is largely reflecting misalignment among the key sectors and restricted participation. Besides, mixed global cues and earnings are … Read more

Deadly Jerusalem synagogue attack condemned as West Bank violence spirals

Emergency services work at the scene of a shooting at a synagogue in Neve Yaakov area of Jerusalem on 27 January 2023.

A Palestinian gunman killed seven people outside an east Jerusalem synagogue on Friday, Israeli police said, in a dramatic escalation of violence that followed a deadly raid in the West Bank a day earlier. The shooting in the Jewish neighbourhood of Neve Yaakov in east Jerusalem came even as international calls for calm mounted after … Read more

seven killed as West Bank violence spirals

The shooting just before a planned visit by US Secretary of State Antony Blinken to Israel and the West Bank this weekend. The State Department issued a statement condemning the attack and said there were no changes to Blinken’s travel plans. Earlier on Friday, Israeli jets struck Gaza in retaliation for rocket attacks that set … Read more

IDBI Bank: The journey from PCA to highest-ever quarterly net profit

IDBI Bank: The journey from PCA to highest-ever quarterly net profit

From being a lender sending SOS calls six years ago, IDBI Bank has clawed its way into becoming one of attractive investment options for strategic investors, so much so, that the investors may not have to infuse capital after acquisition.    No wonder, the stock market has also rewarded the bank. In the past six … Read more

Goldman Sachs CEO touts bank performance as some investors balk

NEW YORK, Jan 27 (Reuters) – To listen to Goldman Sachs Group Inc (GS.N) chief executive David Solomon, the bank is doing “great,” while skeptical investors wonder what comes next. Days after Goldman reported disappointing profits that sent shares tumbling 6%, and months after it stepped back from a money-losing foray into Main Street banking, … Read more

National Bank makes senior exec changes with wealth management head set to retire

National Bank of Canada says the head of its wealth management business is retiring. The bank says Martin Gagnon, executive vice-president, wealth management, as well as co-chief executive of National Bank Financial, will step down on April 1. Until Gagnon’s successor is named, National Bank says Denis Girouard, executive vice-president and co-head, financial markets, will … Read more

Horwich: NatWest bank to close with ‘Banking Hub’ to come

The last bank in Horwich is set to close with a ‘banking hub’ set up as a replacement. The NatWest on Lee Lane is set to close alongside another 20 branches in England and two branches in Wales. Marie Brady, a councillor on both Bolton Council and Horwich Council, was told of the decision on Wednesday. … Read more