deposits

The New York Community Bank (NYCB) headquarters in Hicksville, New York, US, on Thursday, Feb. 1, 2024.Bing Guan | Bloomberg | Getty ImagesNew York Community Bank said Thursday it lost 7% of its deposits in the turbulent month before announcing a $1 billion-plus capital injection from investors led by former Treasury Secretary Steven Mnuchin's Liberty Strategic Capital. The bank had $77.2 billion in deposits as of March 5, NYCB said in an investor presentation tied to the capital raise. That was down from $83 billion it…

A sign is pictured above a branch of New York Community Bank in Yonkers, New York, on Jan. 31, 2024.Mike Segar | ReutersRegional lender New York Community Bank may have to pay more to retain deposits after one of the company's key ratings was slashed for the second time in a month.Late Friday, Moody's Investors Service cut the deposit rating of NYCB's main banking subsidiary by four notches, to Ba3 from Baa2, putting it three levels below investment grade. That followed a two-notch cut from Moody's in early February.The…

The stark landscape of the Moon as viewed by the Apollo 12 astronauts on their return to Earth. Credit: NASAChandrayaan-3’s landing on the Moon and subsequent sulfur detection has propelled lunar ice research forward, aiding NASA’s plans for a sustainable lunar station. These developments highlight the growing collaboration in space exploration.Building a space station on the Moon might seem like something out of a science fiction movie, but each new lunar mission is bringing that idea closer to reality. Scientists are…

The Reserve Bank of India (RBI) Friday extended the deadline on ordinary banking services for the customers of Paytm Payments Bank (PPBL) to March 15, but it didn’t ease any of the earlier announced curbs that were set to be deployed on March 1 on the entity part-owned by One97 Communications.The banking regulator, which had said during its monetary policy review meeting on February 8 that it would soon come out with clarifications on the curbs originally announced on January 31, said Friday that customers using PPBL…

Rivian is giving us our first look at the more affordable R2 EV. The Rivian R2 will be officially revealed in three weeks. Ahead of its debut, Rivian opened the R2 website, sharing reservations will start at $100. Is this our first look at the new Rivian R2 Rivian announced it will reveal its smaller, more affordable R2 on March 7. The reveal will take place at its swanky new Laguna showroom. The EV maker has teased the new R2 vehicle a few times, showing what appears to be a more compact…

The Central Bank of Nigeria on Saturday refuted claims alleging that the Nigerian government is contemplating the conversion of $30 billion in domiciliary deposits to naira. According to a statement by the Acting Director of Corporate Communications, Hakama Ali, the claim has been circulating in a national newspaper. “The attention of the Central Bank of Nigeria (CBN) has been drawn to a story published by a national newspaper alleging that the Federal Government is considering converting $30bn domiciliary…

The Reserve Bank of India on Wednesday restricted Paytm Payments Bank Ltd from taking fresh deposits and credit transactions across its services, due to non-compliance of regulations and supervisory concerns.An audit report revealed "persistent non-compliances and continued material supervisory concerns in the bank, warranting further supervisory action," the central bank said in a release.Paytm Payments Bank will not be allowed to take further deposits in any customer accounts after February 29, the RBI said.It added…

The Reserve Bank of India (RBI) is evaluating tokenising assets such as government bonds and customer deposits to expand the usage of its digital currency, two bankers aware of the developments told ET.Investors would be able to purchase government securities and other bonds using digital currency in their wallets.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteMITMIT Technology Leadership and InnovationVisitIIM KozhikodeIIMK Advanced Data Science For ManagersVisitIIT DelhiIITD…

European Space Agency's Mars Express Orbiter has identified massive ice and ice water deposits beneath the surface of Mars. The Mars Express orbiter was also the first to confirmed the presence of ice on Mars in 2004…

A European probe has found massive ice deposits beneath the equator of Mars, a finding that could alter our fundamental understanding of the red planet’s climatic history.  The discovery was made by the European Space Agency’s Mars Express orbiter. This veteran spacecraft has circled the red planet for 20 years, revealing several secrets about its past and present climate. While it’s not the first time the probe has found ice deposits, this is by far the largest amount of water ice ever…