Topic

US bank

US private payrolls post smallest increase in 3-1/2 years in August

Published 05 Sep, 2024 07:29pm

WASHINGTON: U.S. private employers hired the fewest number of workers in 3-1/2-years in August and data for the...

US bank profits jump 11% in second quarter of 2024 as expenses shrink

Published 05 Sep, 2024 07:24pm

WASHINGTON: The U.S. banking industry recorded profits of $71.5 billion in the second quarter of 2024, up 11.4% on...

Bank of America cuts 20 staff in Asia

Published 24 Jan, 2024 05:07am

HONG KONG: Bank of America on Tuesday announced job cuts of around 20 bankers in Asia, three sources with knowledge...

JPMorgan Chase profits jump, warns inflation could persist

Published 14 Oct, 2023 05:32am

NEW YORK: JPMorgan Chase reported another highly profitable quarter Friday, but warned inflation could persist and...

JPMorgan Chase profits jump, warns inflation could persist

Published 13 Oct, 2023 05:23pm

NEW YORK: JPMorgan Chase reported another highly profitable quarter Friday, but warned inflation could persist and...

Citi dealmaking head for South Asia, India retires

Published 23 Aug, 2023 05:50am

BENGALURU: Citi-group said on Tuesday Ravi Kapoor will retire as head of banking, capital markets and advisory ...

Yellen says US banks likely to pull back credit: CNN interview

Published 15 Apr, 2023 09:29pm

WASHINGTON: US Treasury Secretary Janet Yellen said banks are likely to tighten lending further in the wake of...

US retail sales post steeper fall than expected: govt

Published 14 Apr, 2023 06:39pm

WASHINGTON: Retail sales in the United States slipped more than anticipated in March, according to government data...

Top US Fed official says more monetary tightening needed

Published 14 Apr, 2023 06:37pm

WASHINGTON: The US should continue tightening monetary policy to bring down inflation while assessing the impact of...

JPMorgan Chase reports jump in profits, but warns on economy

Published 14 Apr, 2023 05:35pm

NEW YORK: JPMorgan Chase reported a jump in first-quarter profits Friday, but warned again of a potential economic...

As banking jitterbug dies down, Fed returns to its main dance partner

Published 03 Apr, 2023 10:04pm

WASHINGTON: Federal Reserve officials, increasingly confident they have nipped a potential financial crisis in the...

Yellen says US bank rules may be too loose, need to be re-examined

Published 31 Mar, 2023 06:45am

WASHINGTON: US Treasury Secretary Janet Yellen said on Thursday that banking regulation and supervisory rules need ...

US bank regulators say system is sound, but rules need review

Published 29 Mar, 2023 06:27am

WASHINGTON: Top US banking regulators plan to tell Congress that the overall financial system remains on solid...

US bank trading revenue, deposits in focus after roller-coaster month

Published 28 Mar, 2023 06:21am

NEW YORK: As US banks prepare to close the books on a tumultuous quarter, analysts say trading revenue and deposits...

Global bank shares sink over US fears

Published 10 Mar, 2023 03:31pm

PARIS: The world’s biggest banks took a stock market beating on Friday as signs of trouble at a US regional lender...

JPMorgan begins private lending drive with $10bn

Published 19 Jan, 2023 09:39pm

JPMorgan Chase & Co has set aside at least $10 billion to back its foray into the world of direct lending,...

JPMorgan beats profit estimates, sees mild recession

Published 16 Jan, 2023 06:18am

NEW YORK: JPMorgan Chase & Co said on Friday it set aside $1.4 billion in anticipation of a mild recession, even...

Wall Street Week Ahead: US bank stocks falter as recession worries take hold

Published 19 Dec, 2022 06:00am

NEW YORK: Shares of US banks are taking a beating in December, as worries over an expected recession and weakening...

JPMorgan launches fundraising platform to lure startups

Published 20 Oct, 2022 05:36am

NEW YORK: JPMorgan Chase & Co is launching a platform that aims to connect startup founders with venture capital...

Wells Fargo to pay over $13mn penalty to resolve 401(k) review

Published 12 Sep, 2022 07:28pm

Wells Fargo & Co said on Monday it would pay a penalty of $13.2 million as part of a settlement with the U.S...

U.S. bank profits dip as loan loss provisions jump in response to global uncertainty: FDIC

Published 24 May, 2022 07:34pm

WASHINGTON: U.S. bank profits dropped 6.5% in the first quarter of 2022 to $59.7 billion, as larger firms grew their...

Citi looks for new manager in Delta One unit - sources

Updated 17 May, 2022 01:06pm

Delta One is a trading unit that sells financial products to sophisticated investors

JPMorgan calls for regulatory quick fix for crypto hedging

Published 16 Feb, 2022 06:20am

LONDON: New rules are needed urgently to give banks certainty in handling cryptoassets on behalf of big customers ...

Bank of America to reduce overdraft fees this spring

Published 11 Jan, 2022 08:32pm

NEW YORK: Bank of America, the second-largest US bank, is reducing overdraft fees from $35 to $10 starting in May,...

Wells Fargo gets $250m fine for failing to pay back hurt customers

Published 13 Sep, 2021 05:46am

WASHINGTON: US bank Wells Fargo on Thursday was hit with a new fine - $250 million for failing to meet requirements...

Wells Fargo gets $250mn fine for failing to pay back hurt customers

Published 10 Sep, 2021 09:52am

The penalty was set by the Comptroller of the Currency (OCC), one of the main US banking sector regulators

"We are pivoting more into an investment and wealth provider rather than a full service digital bank," he said.
Goldman is shifting the focus of Marcus UK to wealth management to stay within UK banking rules which demand retail deposits totalling more than 25 billion pounds ($35 billion) be ring-fenced.

JPMorgan names two new CIOs for tech units

Updated 07 May, 2021 08:08pm

Reid, who was most recently head of corporate technology's engineering and architecture team, becomes the bank's first Black CIO and the first Black member of its technology leadership team.
In her role, Goldman will continue to lead a team developing technology for risk, compliance, finance, liquidity, controls and data functions.

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Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 3	278.65
USD PKR Interbank Buying / Jun 3	278.45
USD to Japanese Yen / Jun 4	159.92
USD to Swiss Franc / Jun 4	0.79
Pound Sterling to USD / Jun 4	1.34
Euro to USD / Jun 4	1.16
SOFR % / Jun 3	3.63

Stock	Volume
S&P 500 / Jun 3	7,553.68
Nasdaq / Jun 3	26,853.97
FTSE 100 / Jun 3	10,332.30
Dow Jones / Jun 3	50,687.07
Germany DAX 30 / Jun 3	24,795.94
France CAC40 / Jun 3	8,150.42
India Sensex / Jun 4	74,289.24
Tokyo Nikkei / Jun 4	67,399.25
Hang Seng / Jun 4	25,221.79

Item	Value
Gold 10 Grams PKR / Jun 3	401,030
Petrol/Litre / Jun 4	381.78
Crude Oil USD/Barrel / Jun 4	95.52
Gold Spot USD/Ounce / Jun 4	4,475.32
Diesel/Litre / Jun 4	380.78
Cotton US¢/pound / Jun 4	80.34

Gainers
Losers
Leaders

Stock	Price
Azgard Nine (Non-Voti) / Jun 4 Azgard Nine (Non-Voti)(ANLNV)	8.40 ▲ 0.97 (13.06%)
Ruby Textile / Jun 4 Ruby Textile Mills Limited(RUBY)	18.67 ▲ 1.7 (10.02%)
Tri-Star Power / Jun 4 Tri-Star Power Limited(TSPL)	15.38 ▲ 1.4 (10.01%)
Ideal Spinning / Jun 4 Ideal Spinning Mills Limited(IDSM)	79.73 ▲ 7.25 (10%)
Pak Synthetics / Jun 4 Pakistan Synthetics Limited(PSYL)	127.36 ▲ 11.58 (10%)
Zuma Resources / Jun 4 Zuma Resources Limited(ZUMA)	72.62 ▲ 6.6 (10%)
Allawasaya Tex / Jun 4 Allawasaya Tex. & Finishing Mills Ltd(AWTX)	1,707.26 ▲ 155.21 (10%)
Nets Internat.Comm. / Jun 4 Nets International Communication Limited(GEMNETS)	27.95 ▲ 2.54 (10%)
Askari Life Assur. / Jun 4 Askari Life Assurance Company Limited(ALAC)	21.16 ▲ 1.92 (9.98%)
First IBL Mod. / Jun 4 First IBL Modaraba(FIBLM)	11.36 ▲ 0.99 (9.55%)

Stock	Price
Arpak Int. / Jun 4 Arpak International Investments Ltd.(ARPAK)	106 ▼ -9.45 (-8.19%)
Ellcot Spinning / Jun 4 Ellcot Spinning Mills Limited(ELSM)	105.80 ▼ -9.02 (-7.86%)
Crescent Cotton / Jun 4 Crescent Cotton Mills Limited(CCM)	36.55 ▼ -3.05 (-7.7%)
Blessed Tex. / Jun 4 Blessed Textiles Limited(BTL)	1,110 ▼ -74.3 (-6.27%)
Dewan Textile / Jun 4 Dewan Textile Mills Limited(DWTM)	9.05 ▼ -0.59 (-6.12%)
Ahmad Hassan / Jun 4 Ahmad Hassan Textile Mills Limited(AHTM)	80 ▼ -5.11 (-6%)
Paramount Mod / Jun 4 First Paramount Modaraba(FPRM)	13.10 ▼ -0.8 (-5.76%)
Gulshan Sp. / Jun 4 Gulshan Spinning Mills Limited(GSPM)	5.87 ▼ -0.31 (-5.02%)
Sindh Abadgar / Jun 4 Sindh Abadgar's Sugar Mills Limited(SASML)	387 ▼ -18 (-4.44%)
United Brands / Jun 4 United Brands Limited(UBDL)	23.52 ▼ -1.08 (-4.39%)

Stock	Volume
Beco Steel Ltd / Jun 4 Beco Steel Limited(BECO)	45,106,497 ▲ 0.25
P.T.C.L. / Jun 4 Pakistan Telecommunication Company Ltd(PTC)	13,407,690 ▲ 2.02
Pak Qatar Family / Jun 4 Pak Qatar Family Takaful Limited(PAKQATAR)	12,752,697 ▲ 2.15
Wasl Mobility Mod. / Jun 4 Wasl Mobility Modaraba(WASL)	12,369,754 ▲ 0.37
TPL Properties / Jun 4 TPL Properties Limited(TPLP)	9,960,043 ▲ 0.44
Telecard Limited / Jun 4 Telecard Limited(TELE)	9,009,616 ▲ 0.39
Dewan Cement / Jun 4 Dewan Cement Limited(DCL)	7,885,072 ▲ 0.09
B.O.Punjab / Jun 4 The Bank of Punjab(BOP)	7,598,236 ▲ 0.36
Cnergyico PK / Jun 4 Cnergyico PK Limited(CNERGY)	7,277,170 ▲ 0.01
Pak Int.Bulk / Jun 4 Pakistan International Bulk Terminal(PIBTL)	6,421,573 ▲ 0.43

US bank

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