Bank Of-america

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Bank Of-america - Total results - 83
NFL: Washington franchise drops 'Redskins' name and logo with Indian head after 87 years
Sports

NFL: Washington franchise drops 'Redskins' name and logo with Indian head after 87 years

Native American advocates and experts have long criticised the Washington Redskins name they call a “dictionary-defined racial slur.”

Coronavirus Outbreak: Govt’s economic stimulus package won't stop GDP from contracting in FY21, say analysts
Business

Coronavirus Outbreak: Govt’s economic stimulus package won't stop GDP from contracting in FY21, say analysts

The government’s reform moves and stimulus package will only help the deeply-impacted growth process in the medium term of over three years and will not push up the GDP in the short term, analysts at two foreign brokerages said on Monday

Public sector banks' NPAs likely to rise by 2-4%; may push govt to recapitalise via RBI reserves, bonds: Report
Business

Public sector banks' NPAs likely to rise by 2-4%; may push govt to recapitalise via RBI reserves, bonds: Report

State-owned banks' non-performing loans are likely to rise by 2-4 percentage points, which will put up to $15 billion recapitalisation pressure on the government in FY21, a foreign brokerage firm said on Tuesday

Warren Buffett's Berkshire posts nearly $50 billion loss hit by coronavirus; says made 'a mistake' investing in airline sector stocks
Business

Warren Buffett's Berkshire posts nearly $50 billion loss hit by coronavirus; says made 'a mistake' investing in airline sector stocks

Berkshire's stock price has fallen 1% in 2020, compared with a 12% drop in the Standard & Poor’s 500, despite Warren Buffett’s prediction that Berkshire would outperform in down markets.

Big US banks halt stock buybacks, use capital to lend citing customer needs during coronavirus
Business

Big US banks halt stock buybacks, use capital to lend citing customer needs during coronavirus

The decision follows pressure from some US lawmakers, who last week urged big banks to stop using funds to repurchase shares and instead support customers and the broader economy.

Analysts expect RBI to hike rates in 2020, see FY21 fiscal deficit target of 3.5% challenging
Business

Analysts expect RBI to hike rates in 2020, see FY21 fiscal deficit target of 3.5% challenging

Meeting the fiscal deficit target of 3.5 percent for FY2020-21 is a challenge, and the possible inflationary impact may also result in the RBI hiking rates in the year, analysts said on Monday

China’s growing interest in India’s auto market, Federal Bank’s asset quality improves in Q3; all this and more on Moneycontrol Pro
Business

China’s growing interest in India’s auto market, Federal Bank’s asset quality improves in Q3; all this and more on Moneycontrol Pro

China’s interest in India’s automobile sector could be tactical, getting a foot in the door because an opportunity presented itself.

Elon Musk owes $507 million to banks helping Tesla raise capital
News & Analysis

Elon Musk owes $507 million to banks helping Tesla raise capital

Elon Musk personally owes $507 million to Wall Street banks involved in Tesla's stock and debt sale.

Uber CEO Dara Khosrowshahi, management team take IPO roadshow to New York as demand builds up
Business

Uber CEO Dara Khosrowshahi, management team take IPO roadshow to New York as demand builds up

Uber is set to price its $10 billion IPO on 9 May, seeking a valuation of up to $90 billion

SBI raises $650 mn in maiden green bond sale; to finance projects that do not emit toxic elements
Business

SBI raises $650 mn in maiden green bond sale; to finance projects that do not emit toxic elements

With this issue, SBI will become compliant with the global standards as prescribed by the Climate Bonds Initiative, a global not-for-profit investor-focused organisation

Tencent-backed Meituan raises $4.2 bn in world's biggest internet-focussed IPO priced near range top: Sources
Business

Tencent-backed Meituan raises $4.2 bn in world's biggest internet-focussed IPO priced near range top: Sources

Loss-making Meituan last month set a price range of HK$60 to HK$72 per share for the IPO.

Uber hires CFO after a hiatus of 3-years, ahead of a 'complicated' IPO in 2019
News & Analysis

Uber hires CFO after a hiatus of 3-years, ahead of a 'complicated' IPO in 2019

The CFO position in Uber has been empty since 2015, when Brent Callinicos departed.

Reliance Jio tops Fortune's 'Change the World' list; ranked ahead of pharma giant Merck and Bank of America
Business

Reliance Jio tops Fortune's 'Change the World' list; ranked ahead of pharma giant Merck and Bank of America

Richest Indian Mukesh Ambani's telecom unit Reliance Jio has been ranked as the top company globally on Fortune's 'Change The World' list that ranked companies using the profit motive to help the planet and tackle social problems

Bank of America fires employee over sending abusive messages to journalist on social media
India

Bank of America fires employee over sending abusive messages to journalist on social media

The employee had reportedly sent threatening and abusive messages to the journalist Devanik Saha over an article he authored. Bank of America said it had taken a serious view of the matter.

Reserve Bank may hike rates again in August on rising inflation, elevated crude oil prices: Analysts
Business

Reserve Bank may hike rates again in August on rising inflation, elevated crude oil prices: Analysts

Headline inflation surging to a four-month high of 4.87 percent in May is likely to force t RBI to hike rates once again at its August monetary policy review

H-1B visa violations: Silicon Valley-based Walmart vendor Cloudwick Technologies fined for paying subpar wages
Business

H-1B visa violations: Silicon Valley-based Walmart vendor Cloudwick Technologies fined for paying subpar wages

An Indian-American owned IT company in California was asked to pay $173,044 in wages to 12 of its foreign employees, in violations of H-1B visa norms

Idea Cellular launches a share sale to raise $546 million before merger with Vodafone
News & Analysis

Idea Cellular launches a share sale to raise $546 million before merger with Vodafone

Idea, part of the metals-to-financials Aditya Birla conglomerate, intends to use the funds to reduce debt including loans for airwave purchases.

Citibank, J.P.Morgan and Bank of America bar use of credit cards for buying bitcoins, other cryptocurrencies
Business

Citibank, J.P.Morgan and Bank of America bar use of credit cards for buying bitcoins, other cryptocurrencies

Reserve Bank of India (RBI), country’s banking ombudsman, has also flagged off certain risks associated with the use of virtual or crytpocurrencies

Hackers steal nearly $10 million from 18 US and Russian banks in recent years: Moscow security firm
News & Analysis

Hackers steal nearly $10 million from 18 US and Russian banks in recent years: Moscow security firm

The security researchers said they had identified 18 banks who were hit including 15 across 10 states in the US, two in Russia and one in Britain.