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US bank

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

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

Published 05 Sep, 2024 07:29pm

Business & Finance

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

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

Published 05 Sep, 2024 07:24pm

Business & Finance

Bank of America cuts 20 staff in Asia

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

Published 24 Jan, 2024 05:07am

Business & Finance

JPMorgan Chase profits jump, warns inflation could persist

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

Published 14 Oct, 2023 05:32am

Markets

JPMorgan Chase profits jump, warns inflation could persist

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

Published 13 Oct, 2023 05:23pm

Business & Finance

Citi dealmaking head for South Asia, India retires

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

Published 23 Aug, 2023 05:50am

Business & Finance

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

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

Published 15 Apr, 2023 09:29pm

World

US retail sales post steeper fall than expected: govt

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

Published 14 Apr, 2023 06:39pm

World

Top US Fed official says more monetary tightening needed

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

Published 14 Apr, 2023 06:37pm

Business & Finance

JPMorgan Chase reports jump in profits, but warns on economy

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

Published 14 Apr, 2023 05:35pm

World

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

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

Published 03 Apr, 2023 10:04pm

World

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

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

Published 31 Mar, 2023 06:45am

Business & Finance

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

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

Published 29 Mar, 2023 06:27am

Business & Finance

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

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

Published 28 Mar, 2023 06:21am

Markets

Global bank shares sink over US fears

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

Published 10 Mar, 2023 03:31pm

Business & Finance

JPMorgan begins private lending drive with $10bn

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

Published 19 Jan, 2023 09:39pm

Business & Finance

JPMorgan beats profit estimates, sees mild recession

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

Published 16 Jan, 2023 06:18am

Markets

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

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

Published 19 Dec, 2022 06:00am

Business & Finance

JPMorgan launches fundraising platform to lure startups

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

Published 20 Oct, 2022 05:36am

Business & Finance

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

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

Published 12 Sep, 2022 07:28pm

Markets

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

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

Published 24 May, 2022 07:34pm

Business & Finance

Citi looks for new manager in Delta One unit - sources

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

Updated 17 May, 2022 01:06pm

Business & Finance

JPMorgan calls for regulatory quick fix for crypto hedging

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

Published 16 Feb, 2022 06:20am

Markets

Bank of America to reduce overdraft fees this spring

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

Published 11 Jan, 2022 08:32pm

Business & Finance

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

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

Published 13 Sep, 2021 05:46am

Markets

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

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

Published 10 Sep, 2021 09:52am

Business & Finance

Euro climbs across the board in Europe

LONDON: The euro climbed across the board on Thursday and the Japanese yen was on track to post its biggest daily...

Published 09 Jul, 2021 04:25am

Business & Finance

Bank of America raises US minimum wage to $25 an hour

NEW YORK: Bank of America announced plans to lift its minimum wage to $25 an hour and said Tuesday it is requiring ...

Published 19 May, 2021 06:00am

Business & Finance

Goldman to launch Marcus UK robo-adviser early next year

"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.

Published 17 May, 2021 07:39pm

Business & Finance

JPMorgan names two new CIOs for tech units

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.

Updated 07 May, 2021 08:08pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 7	280.62
USD PKR Interbank Buying / Apr 7	280.42
USD to Japanese Yen / Apr 7	147.32
USD to Swiss Franc / Apr 7	0.86
Pound Sterling to USD / Apr 7	1.28
Euro to USD / Apr 7	1.10
UK LIBOR % / Apr 7	4.96

Stock	Volume
S&P 500 / Apr 7	5,062.25
India Sensex / Apr 7	73,137.90
Tokyo Nikkei / Apr 7	33,055.96
Nasdaq / Apr 7	15,603.26
Hang Seng / Apr 7	20,298.07
FTSE 100 / Apr 7	7,702.08
Dow Jones / Apr 7	37,965.60
Germany DAX 30 / Apr 7	19,789.62
France CAC40 / Apr 7	6,927.12

Item	Value
Crude Oil USD/Barrel / Apr 7	61.58
Karachi Cotton PKR/37.32 KG / Apr 7	17,085
Gold 10 Grams PKR / Apr 7	281,297.70
Gold Spot USD/Ounce / Apr 7	3,003.99
Cotton US¢/pound / Apr 7	65.51
Petrol/Litre / Apr 8	254.63
Diesel/Litre / Apr 8	258.64

Gainers
Losers
Leaders

Stock	Price
Dewan Textile / Apr 7 Dewan Textile Mills Limited(DWTM)	8.80 ▲ 0.95 (12.1%)
AN Textile Mill / Apr 7 AN Textile Mills Limited(ANTM)	11.09 ▲ 1.01 (10.02%)
Shakarganj / Apr 7 Shakarganj Limited(SML)	35.18 ▲ 3.2 (10.01%)
Allawasaya Tex / Apr 7 Allawasaya Tex. & Finishing Mills Ltd(AWTX)	1,429.95 ▲ 130 (10%)
Philip Morris Pak. / Apr 7 Philip Morris (Pakistan) Limited(PMPK)	1,080.18 ▲ 98.2 (10%)
Bela Auto / Apr 7 Bela Automotives Limited(BELA)	171.72 ▲ 15.61 (10%)
PIA Holding Co.B / Apr 7 PIA Holding Company Limited B(PIAHCLB)	1,063.81 ▲ 96.71 (10%)
First Elite Cap.Mod / Apr 7 First Elite Capital Modaraba(FECM)	14.64 ▲ 1.33 (9.99%)
TPL Life Insur. / Apr 7 TPL Life Insurance Limited(TPLL)	60 ▲ 5.19 (9.47%)
Pak Leather / Apr 7 Pak Leather Crafts Limited(PAKL)	30 ▲ 2.53 (9.21%)

Stock	Price
Burj Clean Energy Modaraba / Apr 7 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	7.30 ▼ -0.99 (-11.94%)
IGI Life Ins / Apr 7 IGI Life Insurance Limited(IGIL)	15.11 ▼ -1.68 (-10.01%)
S.S.Oil / Apr 7 S.S.Oil Mills Limited(SSOM)	136.23 ▼ -15.14 (-10%)
Masood Textile / Apr 7 Masood Textile Mills Limited(MSOT)	52.54 ▼ -5.84 (-10%)
Orient Rental / Apr 7 Orient Rental Mod(ORM)	8.01 ▼ -0.89 (-10%)
Gammon Pak / Apr 7 Gammon Pakistan Limited(GAMON)	24.13 ▼ -2.68 (-10%)
Cordoba Logistics / Apr 7 Cordoba Logistics & Ventures Limited(CLVL)	11.62 ▼ -1.29 (-9.99%)
Elahi Cot. / Apr 7 Elahi Cotton Mills Limited(ELCM)	128.47 ▼ -14.26 (-9.99%)
At-Tahur Ltd. / Apr 7 At-Tahur Limited(PREMA)	42.07 ▼ -4.67 (-9.99%)
Noon Sugar / Apr 7 Noon Sugar Mills Limited(NONS)	69.32 ▼ -7.67 (-9.96%)

Stock	Volume
Cnergyico PK / Apr 7 Cnergyico PK Limited(CNERGY)	61,333,939 ▼ -0.43
WorldCall Telecom / Apr 7 Worldcall Telecom Limited(WTL)	55,274,278 ▼ -0.06
Bank Al-Falah / Apr 7 Bank Alfalah Limited(BAFL)	43,523,860 ▼ -0.27
B.O.Punjab / Apr 7 The Bank of Punjab(BOP)	34,084,127 ▼ -0.59
Pak Elektron / Apr 7 Pak Elektron Limited(PAEL)	33,344,978 ▼ -2.9
Maple Leaf Cement / Apr 7 Maple Leaf Cement Factory Limited(MLCF)	33,189,854 ▼ -2.23
Pak Int.Bulk / Apr 7 Pakistan International Bulk Terminal(PIBTL)	27,840,546 ▼ -0.55
K-Electric Ltd. / Apr 7 K-Electric Limited(KEL)	23,872,904 ▼ -0.26
Sui South Gas / Apr 7 Sui Southern Gas Company Limited(SSGC)	19,706,045 ▼ -2.26
Fauji Cement / Apr 7 Fauji Cement Company Limited(FCCL)	18,559,323 ▼ -1.48

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