Banks

A sign is pictured above a branch of the New York Community Bank in Yonkers, New York, U.S., January 31, 2024. Mike Segar | ReutersNew York Community Bank's shares continued their downward spiral Wednesday after Moody's Investors Service cut the firm's credit rating two notches to junk status.NYCB shares fell about 3%, trimming earlier losses of around 10%, in premarket trading. That followed a 22% decline Tuesday.The regional bank has been in freefall since reporting a surprise loss last week, along with mounting losses…

Several users took to X (formerly Twitter) to claim that UPI transactions were not going through. In a tweet, the National Payments Corporation of India or NPCI, confirmed that some banks had been hit by an outage, causing UPI transaction failures. "Regret inconvenience on UPI connectivity as few of the banks are having some internal technical issues. NPCI systems are working fine and we are working with these banks to ensure quick resolution," wrote NPCI on X. Downdetector, a website that tracks real-time outages of…

As Paytm navigates the complexities of the RBI’s recent action, its leadership met senior executives over the weekend to reassure employees and address concerns about the future of the embattled fintech firm, said two executives who attended the meetings.The brass held two townhall meetings with senior business leaders at Paytm Payments Bank and One97 Communications, the executives told ET asking not to be named. “Conversations were mostly to rebut multiple theories going around and on the future course of action; the…

Omar Marques | Lightrocket | Getty ImagesGoldman Sachs abandoned an ill-fated push into consumer banking in late 2022, but an investment in a Texas energy retailer means its reach into American homes is about to grow.Rhythm Energy, a Houston-based electricity provider overseen and owned by a Goldman Sachs private equity fund, has won approval from federal authorities to expand from its home market into the more than dozen states where deregulated power firms operate, CNBC has learned.That covers energy networks, mostly in…

In a span of just three weeks in the summer of 2022, Alice Lin was swindled out of her life savings in an internet scam that began on a Chinese-language chat app. She lost more than $720,000 and sank so low that the 80-year-old two-time widow and mother of four considered taking her own life.In the same year, Artemis Yaffe was targeted by a scammer posing as an IRS agent, losing her $1.8-million nest egg and — eventually — her home. It took less than two months for her life to be upended, sending the 77-year-old widow…

Shares of Paytm fell another 20% Friday before hitting the lower circuit that temporarily halts trading as the Indian financial services firm reels from the clampdown by the central bank. Paytm fell to 487 Indian rupees, or $5.88 within minutes of the market opening, the lowest it has hit in 55 weeks. Paytm shares also fell 20% on Thursday. Paytm, which currently has a market cap of $3.73 billion, has lost $2.1 billion in its market cap in two days. The Reserve Bank of India (RBI) this week…

Big lenders to real-estate owners and developers are on the front line of the downturn in office building use and falling valuations. Big lenders to real-estate owners and developers are on the front line of the downturn in office building use and falling valuations. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their…

The Central Bank of Nigeria on Wednesday raised concerns over the increase in foreign currency exposures among Nigerian banks. In a bid to manage risks and prevent potential losses with systemic implications, the CBN issued stringent lending requirements for commercial banks. The requirements are contained in a circular addressed to all banks and signed by the duo of the apex bank’s Director of Trade and Exchange, Hassan Mahmud, and the Director of Banking Supervision, Rita Sike. The bank expressed worry over the…

A Citibank branch in the central business district of Singapore on Feb. 12, 2018.Ore Huiying | Bloomberg | Getty ImagesNew York Attorney General Letitia James on Tuesday sued Citibank for allegedly failing to protect and reimburse victims of electronic fraud.The suit claims that Citi does not have strong protections in place to prevent unauthorized account takeovers, misleads victims of fraud and illegally denies reimbursements, according to a release. The attorney general's office said the alleged failure on Citi's part…

Power banks are a good gifting option, especially keeping in mind that smartphones and devices can run out of battery in the middle of the day. To ensure continued connection with your loved ones over the phone, gifting them a power bank can be a versatile solution. We have curated a list of the top power banks, apt for both wired and wireless charging. These gadgets come from reputed brands and ensure that your devices don't run out of charge. Check out the top options with the latest technology and compact…