Sms Banking News Today

According to media reports HDFC Life, the country's leading insurer, and NKGSB Co-operative Bank have s

"The question always comes – why isn't the S&P 500 signalling a recession? Answer: it is," top economist David Rosenberg said in a tweet.

"If there are other headwinds for the global economy, you could see in the second half of the year, outright contraction in the United States," Nouriel Roubini said.

The Beverly Hills-based lender agreed to sell a bunch of its real-estate loans to Kennedy-Wilson Holdings at a $200 million discount, according to a filing.

Moody's Mark Zandi said he's confident inflation will fall to the Fed's 2% target by May next year – so there's no need for more rate hikes.

After the Chinese currency’s recent weakening below 7 to the US dollar, foreign-exchange regulators say they will guide expectations, correct behaviours and curb speculation.

The Federal Reserve reinforced its fight against high inflation Wednesday by raising its key interest rate by a quarter-point to the highest level in 16 years. But the Fed also signalled that it may now pause its streak of 10 rate hikes, which have made borrowing for consumers and businesses steadily more expensive.

Individuals can easily get more coverage by opening additional accounts at different banks. But that's much more complicated for businesses, according to the FDIC.

US regulators are trying to clinch a sale of First Republic Bank (FRC.N) over the weekend, with roughly half a dozen banks bidding, sources said on Saturday, in what is likely to be the third major US bank to fail in two months.

First Republic's rivals will end up paying for its struggles, whether it survives or gets seized by the FDIC.