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Turkey’s Halkbank says U.S. charges represent ‘unprecedented overreach’

34 mins ago NAMEX Comments Off on Turkey’s Halkbank says U.S. charges represent ‘unprecedented overreach’
ISTANBUL (Reuters) – Turkey’s Halkbank (HALKB.IS) said on Wednesday that U.S. charges against it are part of sanctions Washington slapped on Ankara over its military incursion in Syria and represent an “unprecedented legal overreach.” FILE PHOTO: A street vendor sells roasted chestnuts in front of a branch of Halkbank in central Istanbul, Turkey, January 10, Read More

UPDATE 2-Advisory fees, lending power Bank of America beat

2 hours ago NAMEX Comments Off on UPDATE 2-Advisory fees, lending power Bank of America beat
(Reuters) – Bank of America Corp (BAC.N) beat Wall Street estimates for quarterly profit as it earned more in advisory fees and grew its loan book, easing concerns that lower interest rates would crimp growth at the second-largest U.S. bank. FILE PHOTO: People withdraw money from Bank of America ATMs in New York U.S., July Read More

Kim Komando with 5 ways thieves are coming after your credit cards

3 hours ago NAMEX Comments Off on Kim Komando with 5 ways thieves are coming after your credit cards
Kim Komando explains the five ways that criminals are coming after your credit cards. In this photo illustration there are three Mastercard Credit Cards. (Photo Illustration by Roberto Machado Noa/LightRocket via Getty Images) Despite credit card issuers pushing new security measures every year, credit card theft is still a rampant crime. In fact, Federal Trade Read More

Turkey’s Halkbank says U.S. charges represent ‘unprecedented overreach’

4 hours ago NAMEX Comments Off on Turkey’s Halkbank says U.S. charges represent ‘unprecedented overreach’
ISTANBUL (Reuters) – Turkey’s Halkbank (HALKB.IS) said on Wednesday that U.S. charges against it are part of sanctions Washington slapped on Ankara over its military incursion in Syria and represent an “unprecedented legal overreach.” FILE PHOTO: A street vendor sells roasted chestnuts in front of a branch of Halkbank in central Istanbul, Turkey, January 10, Read More

Shares of Turkey’s Halkbank plunge after U.S. charges

5 hours ago NAMEX Comments Off on Shares of Turkey’s Halkbank plunge after U.S. charges
ISTANBUL (Reuters) – Shares of Turkey’s Halkbank (HALKB.IS) plunged as much 7% on Wednesday, despite a ban on short selling, after U.S. prosecutors charged the state-owned lender with taking part in a multibillion-dollar scheme to evade U.S. sanctions on Iran. FILE PHOTO: A street vendor sells roasted chestnuts in front of a branch of Halkbank Read More

Shares of Turkey’s Halkbank plunge after U.S. charges

7 hours ago NAMEX Comments Off on Shares of Turkey’s Halkbank plunge after U.S. charges
ISTANBUL (Reuters) – Shares of Turkey’s Halkbank (HALKB.IS) plunged as much 7% on Wednesday, despite a ban on short selling, after U.S. prosecutors charged the state-owned lender with taking part in a multibillion-dollar scheme to evade U.S. sanctions on Iran. FILE PHOTO: A street vendor sells roasted chestnuts in front of a branch of Halkbank Read More

UK Stocks-Factors to watch on Oct 16

8 hours ago NAMEX Comments Off on UK Stocks-Factors to watch on Oct 16
Oct 16 (Reuters) - Britain's futures were down 0.42% ahead of cash markets open. *HSBC: HSBC Holdings hired investment bank Lazard Ltd to sell its French retail business, a source close to the matter told Reuters, as part of a plan by new interim chief executive Noel Quinn to reduce costs across the banking group. Read More

Morning News Call – India, October 16

11 hours ago NAMEX Comments Off on Morning News Call – India, October 16
To access a PDF version of this newsletter, please click here here If you would like to receive this newsletter via email, please register at: here FACTORS TO WATCH 9:00 am: Indian Banks' Association Chief Executive V.G. Kannan at IBA Banking HR Conclave 2019 in Mumbai. 10:30 am: Chief Economic Advisor Krishnamurthy Subramanian and NITI Read More

Wall Street gains after strong start to earnings season

21 hours ago NAMEX Comments Off on Wall Street gains after strong start to earnings season
(Reuters) – Wall Street rose 1% on Tuesday as strong earnings from JPMorgan, UnitedHealth and Johnson & Johnson allayed concerns about the fallout from a prolonged U.S.-China trade war on Corporate America. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., October 9, 2019. REUTERS/Brendan McDermid Read More

Banks reap $1 billion from U.S. mortgage bond trading boom

1 day ago NAMEX Comments Off on Banks reap $1 billion from U.S. mortgage bond trading boom
LONDON (Reuters) – Global banks earned $1 billion from trading government-backed U.S. mortgage securities in the first half of 2019, data shows, a fivefold increase on last year for what industry sources say is the fastest growing revenue source in investment banking. FILE PHOTO: A sign of JP Morgan Chase Bank is seen in front Read More