banks

Canadian banks count on loan growth as stormy markets cut profits

Canadian banks count on loan growth as stormy markets cut profits

By Niket Nishant and Divya Rajagopal (Reuters) – Canada’s major banks are expected to post lower profits in the fourth quarter as choppy markets hurt wealth management and sluggish trading slashes income at investment banks, reversing expected gains from lending to banks. businesses. Earnings reports, as of Tuesday, cap off a tumultuous year in which …

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Student loan repayments may not resume until August.  Here's what borrowers need to know

Student loan repayments may not resume until August. Here’s what borrowers need to know

President Joe Biden and Education Secretary Miguel Cardona. The Washington Post | The Washington Post | Getty Images It’s been almost three years since people with federal student loans had to pay off their debt, and the Biden administration recently announced that borrowers have even more time. In March 2020, when the coronavirus pandemic first …

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European markets rise as investors follow data, Fed minutes;  Credit Suisse down 4%

European markets rise as investors follow data, Fed minutes; Credit Suisse down 4%

Stocks in motion: Nemetschek up 7%, Endesa down 6% Shares of Nemetschek climbed 7.5% in the early afternoon after the German software company launched a new cloud-based service on Tuesday. At the bottom of the index, Spanish power utility Endesa fell more than 6% after new 2023-24 targets failed to excite analysts. EBRD: real risk …

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New Zealand Achieves Biggest Rate Hike Ever;  Asia-Pacific stocks mixed ahead of Fed minutes

New Zealand Achieves Biggest Rate Hike Ever; Asia-Pacific stocks mixed ahead of Fed minutes

Malaysia’s shares have changed little as the country’s wait for a new prime minister continues Shares listed in Malaysia were little changed as the country’s political stalemate continues and local media reported that Malaysia’s King, the Yang di-Pertuan Agong, would make a decision, without giving a timeline. The benchmark KLCI fell 0.09% after two negative …

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What borrowers need to know while student loan forgiveness is in limbo

What borrowers need to know while student loan forgiveness is in limbo

Olga Riazantseva | Istock | Getty Images After applying for student loan forgiveness, some borrowers receive what sounds like good news from the US Department of Education. “We have reviewed your application and determined that you are eligible for loan relief under the Plan,” according to a letter sent by Education Secretary Miguel A. Cardona. …

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European markets edge lower as investors assess economic outlook

European markets edge lower as investors assess economic outlook

October wholesale price inflation in Germany well below expectations Germany’s producer price index came in at -4.2% month on month in October, the Federal Statistical Office said on Monday, well below Reuters consensus forecast for a 0.9 increase. %. On an annual basis, wholesale prices rose 34.5%, below expectations of a 41.5% slope. -Elliot Smith …

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European markets edge lower as investors assess economic outlook

European markets edge lower as investors assess economic outlook

October wholesale price inflation in Germany well below expectations Germany’s producer price index came in at -4.2% month on month in October, the Federal Statistical Office said on Monday, well below Reuters consensus forecast for a 0.9 increase. %. On an annual basis, wholesale prices rose 34.5%, below expectations of a 41.5% slope. -Elliot Smith …

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