Banking & Savings

Renaissance Technologies LLC Has $764,000 Holdings in Riverview Bancorp Inc (NASDAQ:RVSB)

Renaissance Technologies LLC grew its position in shares of Riverview Bancorp Inc (NASDAQ:RVSB) by 11.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 106,900 shares of the savings and loans company’s stock after acquiring an additional 10,600 shares during the quarter. Renaissance Technologies LLC owned about 0.48% of ...

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Atom Bank launches savings products in Germany

Atom Bank has been granted permission to offer retail deposits in Germany. The specialist bank has entered into a partnership with Deposit Solutions to target German savers, which will allow Atom to diversify its funding options into the German market. Customers in Germany will now be able to take advantage of the bank’s competitive rates across its range of fixed ...

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Lloyds Banking Group PLC (NYSE:LYG) Raised to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Lloyds Banking Group PLC (NYSE:LYG) from a hold rating to a buy rating in a report published on Saturday, August 26th. The brokerage currently has $3.75 price target on the financial services provider’s stock. According to Zacks, “Lloyds Banking Group plc, formerly Lloyds TSB Group plc, is a United Kingdom-based financial services company, whose ...

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Kepler Cheuvreux upgraded Erste Group Bank (OTC:EBKDY) from Hold to Buy in a report released today.

Yesterday Erste Group Bank (OTC:EBKDY) traded 2.82% higher at $21.82. The company’s 50-day moving average is $21.13 and its 200-day moving average is $18.49. The last stock close price is up 17.97% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time. 210 shares of the stock were exchanged, down from an ...

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Satyan Jambunathan: In India, insurance savings product is the original SIP: Satyan Jambunathan, ICICI Prudential Life Insurance

Insurance is becoming a key force in Indian economy. Life insurance is evolving into a big challenger to banks and mutual funds in channelising financial savings. Satyan Jambunathan , CFO at ICICI Prudential Life Insurance, in a conversation with ET journalists talks about the opportunities & challenges in the sector. Edited excerpts Is this insurance industry’s time under the sun? ...

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Goldman first true challenger to UK heavyweights

The reason for greater levels of concern should be that the US behemoth isn’t just coming to challenge banks as lenders, but is reported to want to replicate its high online savings account model from the US, challenging UK banks for their deposits —their traditional bread and butter business. According to reports, originally in the FT, Goldman will be likely ...

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Savings and good governance are best policy against natural disasters – IADB

Sound public finances and good governance are the best tools available for emerging countries to deal with the aftermath of natural disasters, says an analysis by the Inter-American Development Bank. The IADB points to Chile as the poster child for its recommendations in Latin America. It praises how the country managed its 2010 earthquake, which reached 8.8 on the Richter scale. ...

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ECB Policy Kills Savings Accounts

PRESS RELEASE ECB Policy Kills Savings Accounts Sept. 11, 2017 (EIRNS)—The ECB zero-interest policy has destroyed traditional banking business in Germany. It has been calculated that German families lost EU670 billion in failed deposit revenues between 2012 and 2016—money which they would have invested in education for children, houses, etc. Although exact data are not available, deposit banks have lost ...

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With Paytm Payments Bank account, you can pay at all major online platforms using Digital Debit Card, Retail News, ET Retail

New Delhi : Paytm Payments Bank recently launched India’s only mobile-first bank with zero charges on all online transactions and no minimum balance requirement. The bank is focused on driving financial inclusion by bringing half a billion Indians to the mainstream economy. Paytm Payments Bank is owned by Vijay Shekhar Sharma, who holds 51 percent stake and One97 Communications that ...

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