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US banks

US banks face loss risk from multi-family property loan exposure, says Fitch

WASHINGTON: US banks with significant lending exposure to some multi-family properties and particularly...

Published 29 Mar, 2024 04:45am

Business & Finance

US banks hold $3.3 trillion cash amid banking crisis, slowdown worries

NEW YORK/SAN FRANCISCO: US lenders are holding onto large piles of cash as insurance against a slowing economy,...

Published 11 Sep, 2023 06:32am

Business & Finance

S&P downgrades multiple US banks citing ‘tough’ operating conditions

S&P Global on Monday cut credit ratings and revised its outlook for multiple US banks, following a similar move...

Published 22 Aug, 2023 10:46am

World

Malaysia may sue Goldman Sachs over 1MDB scandal

KUALA LUMPUR: Malaysia may pursue lawsuits against Goldman Sachs over the US investment bank’s role in the...

Published 21 Aug, 2023 03:28pm

Business & Finance

Moody’s says US banks are still strong despite downgrades

NEW YORK: Ratings agency Moody’s said the U.S. banking sector is still strong even after it downgraded several small...

Published 08 Aug, 2023 09:31pm

Markets

Moody’s downgrades 10 US banks, warns of possible cuts to others

Ratings agency Moody’s downgraded the credit ratings of several US banks on Monday and warned it was reviewing the...

Published 08 Aug, 2023 09:53am

Fed officials spar over banking reform in rare open meeting

WASHINGTON: Members of the US Federal Reserve’s governing body voiced disagreements over proposed changes to...

Updated 29 Jul, 2023 09:33am

World

Fed’s Barr lays out plan to order more capital for large US banks

WASHINGTON: The Federal Reserve’s top regulatory official laid out a sweeping plan to increase capital requirements...

Published 10 Jul, 2023 08:20pm

Markets

US stocks open flat after GDP boost

NEW YORK: US stocks opened broadly flat Thursday, continuing a lackluster display despite a significant upgrade to...

Published 29 Jun, 2023 08:21pm

Business & Finance

Senior Fed official calls for ‘impartial’ review into bank failures

WASHINGTON: A senior Federal Reserve official has criticized proposals to increase bank capital requirements and...

Published 26 Jun, 2023 06:38am

World

Fed’s Waller: Not clear bank failures had a material effect on credit tightening

WASHINGTON: Changes in credit conditions since the failure of Silicon Valley Bank in early March are “in line” with...

Published 16 Jun, 2023 05:09pm

World

Yellen says more US bank consolidation is possible

WASHINGTON: US Treasury Secretary Janet Yellen said Wednesday it would not be surprising to see further...

Published 07 Jun, 2023 08:56pm

Business & Finance

Private equity steps up lending as US banks pull back

NEW YORK: The turmoil facing US regional banks has prompted some lenders to step back, leaving space for investors...

Published 29 May, 2023 04:27am

World

Yellen expects US regulators to be open to mergers among midsize banks

NIIGATA: The current banking environment and pressures on earnings of some U.S. regional banks may lead to some...

Published 13 May, 2023 10:00am

Editorials

Death rattle of a global order?

EDITORIAL: The market has clearly rejected the rhetoric that problems at SVB (Silicon Valley Bank), Signature Bank...

Published 06 May, 2023 06:23am

Markets

Asian finance leaders look to improve market safeguards

INCHEON: Asian finance leaders will on Tuesday look for ways to tighten safeguards to address emergency funding...

Published 02 May, 2023 09:42am

Business & Finance

Fed may reverse rules that masked losses on SVB’s securities

NEW YORK: US Federal Reserve is considering ending an exemption that has allowed certain midsize banks to conceal...

Published 22 Apr, 2023 03:38am

Opinion

Yellen goes to school

Surely, you can’t be accused of being a pro-Putin conspiracy hack if you’re quoting the US treasury secretary...

Updated 20 Apr, 2023 06:52am

Markets

Wall St ends lower amid rate hike worries

NEW YORK: Wall Street ended lower on Friday as a barrage of mixed economic data appeared to affirm another Federal...

Published 17 Apr, 2023 06:41am

Opinion

Preparing for the ‘petroyuan’?

I wonder how long a certain Zoltar Pozsar, New York-based economist and investment research director at Credit ...

Published 30 Mar, 2023 06:35am

Markets

European stocks erase gains as banking sentiment remains fragile

PARIS: European stocks were flat on Tuesday after struggling for direction amid lingering fears of a deeper crisis...

Published 29 Mar, 2023 06:27am

Markets

S&P 500 slips after recent bounce, banks in focus

The S&P 500 index slipped on Tuesday after a three-day rally fueled by support measures for the banking sector...

Published 28 Mar, 2023 08:15pm

Business & Finance

‘Most vulnerable’ US banks lost $1 trillion in deposits in a year: JPMorgan

NEW YORK: JPMorgan Chase & Co analysts estimate that the “most vulnerable” US banks are likely to have lost a...

Published 23 Mar, 2023 09:35pm

Markets

European stocks crawl higher in run-up to Fed decision

PARIS: European stocks edged higher on Wednesday, extending gains for a third day, as investors awaited a crucial...

Published 23 Mar, 2023 05:47am

Markets

JPMorgan, other big US banks flooded with new clients post SVB collapse

A wave of customers have applied to shift their accounts to large US banks such as JPMorgan Chase & Co and...

Published 14 Mar, 2023 02:13pm

Opinion

Goldman Sachs CEO, after missteps, to take center stage at investor day

Goldman Sachs Group Inc’s Chief Executive David Solomon faces a reality check from investors on Tuesday as he...

Updated 25 Feb, 2023 07:04am

Business & Finance

US banks report solid results but warn of rising recession risk

NEW YORK: Large US banks reported a round of solid quarterly profits Friday, but cautioned of rising recession risks...

Published 17 Oct, 2022 06:35am

Markets

S&P 500, Nasdaq fall on fears of profit hit from inflation, rate hikes

NEW YORK: The S&P 500 and the Nasdaq fell on Tuesday in the run-up to a key inflation reading and the start of...

Published 12 Oct, 2022 05:46am

Business & Finance

US banks seen building $5bn in reserves as recession risks grow

WASHINGTON: The six biggest US banks are expected to set aside nearly $5 billion in the third quarter to cover ...

Published 12 Oct, 2022 05:46am

Markets

Nasdaq falls as US export controls on China weigh on chip stocks

NEW YORK: The Nasdaq hit a two-year low on Monday as chipmakers bore the brunt of US efforts to hobble China’s...

Published 11 Oct, 2022 07:21am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 17	278.60
USD PKR Interbank Buying / Dec 17	278.60
USD to Japanese Yen / Dec 17	153.56
USD to Swiss Franc / Dec 17	0.89
Pound Sterling to USD / Dec 17	1.27
Euro to USD / Dec 17	1.05

Stock	Volume
S&P 500 / Dec 17	6,050.61
India Sensex / Dec 17	80,684.45
Tokyo Nikkei / Dec 17	39,164.26
Nasdaq / Dec 17	20,109.06
Hang Seng / Dec 17	19,815.30
FTSE 100 / Dec 17	8,195.20
Dow Jones / Dec 17	43,449.90
Germany DAX 30 / Dec 17	20,246.37

Item	Value
Crude Oil USD/Barrel / Dec 17	70.11
Karachi Cotton PKR/37.32 KG / Dec 17	17,585
Gold 10 Grams PKR / Dec 17	241,860
Gold Spot USD/Ounce / Dec 17	2,644.07
Cotton US¢/pound / Dec 17	68.53
Petrol/Litre / Dec 18	252.10

Gainers
Losers
Leaders

Stock	Price
LSE Capital / Dec 18 LSE Capital Limited(LSECL)	6.70 ▲ 1.00 (17.54%)
Shaheen Ins. / Dec 18 Shaheen Insurance Company Limited(SHNI)	6.81 ▲ 0.72 (11.82%)
Dadabhoy Cement / Dec 18 Dadabhoy Cement Industries Limited(DBCI)	7.95 ▲ 0.84 (11.81%)
Gulshan Sp. / Dec 18 Gulshan Spinning Mills Limited(GSPM)	4.50 ▲ 0.45 (11.11%)
Cresent Jute / Dec 18 Crescent Jute Products Limited(CJPL)	5.24 ▲ 0.48 (10.08%)
Aisha Steel Mill / Dec 18 Aisha Steel Mills Limited(ASL)	11.06 ▲ 1.01 (10.05%)
Oilboy Energy / Dec 18 Oilboy Energy Limited(OBOY)	11.50 ▲ 1.05 (10.05%)
Tri-Star Power / Dec 18 Tri-Star Power Limited(TSPL)	5.92 ▲ 0.54 (10.04%)
Nimir Resins / Dec 18 Nimir Resins Limited(NRSL)	35.16 ▲ 3.20 (10.01%)

Stock	Price
Dewan Textile / Dec 18 Dewan Textile Mills Limited(DWTM)	5.67 ▼ -0.77 (-11.96%)
Blue-Ex Ltd / Dec 18 Blue-Ex Limited (GEM)(GEMBLUEX)	37.76 ▼ -4.20 (-10.01%)
Chakwal Spinning / Dec 18 Chakwal Spinning Mills Limited(CWSM)	48.35 ▼ -5.37 (-10.00%)
Sanghar Sugar / Dec 18 Sanghar Sugar Mills Limited(SANSM)	29.12 ▼ -3.23 (-9.98%)
National Silk / Dec 18 The National Silk & Rayon Mills Limited(NSRM)	50.01 ▼ -5.43 (-9.79%)
Hafiz Ltd. / Dec 18 Hafiz Limited(HAFL)	199 ▼ -20.05 (-9.15%)
Mari Petroleum / Dec 18 Mari Petroleum Company Limited(MARI)	735.80 ▼ -73.96 (-9.13%)
Suhail Jute / Dec 18 Suhail Jute Mills Limited(SUHJ)	51 ▼ -4.95 (-8.85%)
Arpak Int. / Dec 18 Arpak International Investments Ltd.(ARPAK)	65.01 ▼ -6.08 (-8.55%)

Stock	Volume
WorldCall Telecom / Dec 18 Worldcall Telecom Limited(WTL)	151,921,663 ▼ -0.05
Pak Elektron / Dec 18 Pak Elektron Limited(PAEL)	107,502,606 ▲ 1.09
Cnergyico PK / Dec 18 Cnergyico PK Limited(CNERGY)	58,285,174 ▼ -0.08
B.O.Punjab / Dec 18 The Bank of Punjab(BOP)	57,202,972 ▲ 0.26
Pak Refinery / Dec 18 Pakistan Refinery Limited(PRL)	55,973,468 ▲ 0.77
Sui South Gas / Dec 18 Sui Southern Gas Company Limited(SSGC)	42,923,281 ▲ 2.22
PIA Holding Co.Ltd / Dec 18 PIA Holding Company Limited(PIAHCLA)	36,897,118 ▲ 0.44
Hub Power Co. / Dec 18 The Hub Power Company Limited(HUBC)	33,289,968 ▲ 1.18
K-Electric Ltd. / Dec 18 K-Electric Limited(KEL)	31,365,092 ▲ 0.03

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US banks

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