Discover and read the best of Twitter Threads about #banks

Most recents (24)

A polling firm linked to #Brexiteer Nigel #Farage faces scrutiny over a short-lived company that its owner used to do political work for Farage’s party and the 12 million-pound ($15.5 million) campaign he fronted to leave the European Union, according to records and interviews.
As part of a broader probe, investigators for the U.K. Information Commissioner’s Office are seeking details behind more than £186,000s in payments made by Farage’s U.K. #Independence Party (UKIP) to an entity established by the head of the polling firm Survation.
UKIP leaders have been fighting the demand for that information, and other details related to political operations, for almost a year, including in court.
The fact that the inquiry is looking at what role Survation may have played hasn’t been previously reported.
Read 61 tweets
RBI issues instructions on governance for banks, incl Pvt Banks, SFBs, Wholly Owned Subsidiaries of Foreign Banks

Circular not be applicable to foreign banks operating as branches in India

Post of MD & CEO or WTD (Whole Time Director) can't be held by same incumbent for >15 yrs
*THREAD* (RBI on Bank CEOs)

#RBI: #Bank MD & CEO/WTD can be re-appointed after a gap of 3 years if considered necessary/desirable by the board (once 15 years completed)

WTD, MD & CEO cannot be associated with a bank in any capacity during 3-year cooling-off period
RBI: Upper age limit for #MD & CEO and WTDs in pvt #banks would continue to be 70 years

MD&CEO or WTD who is also a promoter/ major shareholder, cannot hold these posts for > 12 years

RBI may allow promoter WTD/MD & #CEO to continue up tp 15 years in extraordinary circumstances
Read 4 tweets
I had asked @EthzemaLeader the following question after his controversial/deliberate remark against #IslamicBanking/#InterestFreeBanking (as it is called here in #Ethiopia). I have today watched another video of him where he tried to "Clarify" but continued to insult us more.
1/n
First of all, he has tried to defend that he is not an #islamophobe by bringing #Muslim audience & that his grandmother was a Muslim. This is the same reply many persons give when they are confronted with their #Islamophobic attitude. #BerhanuNega is no different.
#Ethiopia
2/n
You can have #Muslim parents, lived with #Muslims fasted #Ramadan, eaten #Dates or #Sambusa etc you can still be an #islamophobe. One can claim to be a Muslim but in reality be the most #Islamophobic person that hates #Muslims and #Islam. It is a lame excuse!

#Islamophobia

3/n
Read 13 tweets
1/ While we await @coinbase's listing, #InvestmentBanks are having record earnings. 10x the revenues of Coinbase in Q1. By that metric, given Coinbase is expected to hit 100B, all the #banks have to do is setup #cryptoexchange & volia! Trillion $ Banks:)

au.news.yahoo.com/goldman-sachs-…
2/Lets take @GoldmanSachs first: GS stomping expectations on both its top & bottom lines: $18/share: 510% gain TYoY. Revenues of $17.7B, a 102% YoY & +51% sequentially, leaving in dust the $11.97B estimate

@psb_dc @amitTwitr @thepsironi @cgledhill @ronitA380 @charlesdhaussy
3/@jpmorgan has close to half Trillion $ valuation: Adjusted EPS: $4.50 vs. $3.05 est. Revenue: $32.3 billion vs. $30.4B est. Q1, earned $14.3 billion in net income, up $11.4B YoY. That is 30x coinbase revenues. Markets? Revenue hit $9.1B, up 25%!!
Shine Bright Like a Di(a)mon!!
Read 7 tweets
A thread on what is #creditscore and why is it important?
#credit #creditcard
I'm sure you must have done at some point too! 😛
Which range do you fall in? When did you check your #creditscore last?
#banks #CIBIL
Read 7 tweets
1) Kudos, @CryptoCurryClub for the @LAB577/@XinFin_Official interview! It's packed with gems, extremely educational, & a must-listen if you are considering adding $XDC to your #Crypto portfolio. @rickcrook & @atulkhekade were great! DYOR. My comments (some speculative) below.
2) #XinFin/#XDC/@TradeFinex aims for (among other things) enterprise & institutional use case (#MSMEs, #banks). Think origination, tokenization (the Casterman mantra) & counter-party risk mitigation. Large #tradefinance consortiums will use the #XinFin/@Cordablockchain bridge.
3) "A fire has been lit and is raging," in the crypto space, says @RichardCrook. But institutions are "dripping in regulations"--IMO, one reason $XDC has been chosen is because it is regulated in some jurisdictions (see @Vinter XDC Index, @ADGlobalMarket). A definite plus!
Read 7 tweets
1/21: Many people have asked why #Banks can’t just copy #Fintech functionality and then crush them with their scale and advantaged funding and regulatory apparatus. It’s because they’re in the “functional relief” business vs. the “magical transcendence” business. Unpacked:
2/21: While so many Banks want to believe that they can compete with best-of-breed Fintech companies, it’s a **mostly** true generalization that the two factions don’t approach product construction and service delivery in the same manner.
3/21: For any given product or service, Banks ask themselves: “What problem does the customer want us to solve?” and “How can we deliver a solution in a safe and compliant manner?” and “What friction can we reduce in the process that will remove costs and improve throughput?”
Read 21 tweets
More conspiracy theory from Financial Times:

"With a new US admin., & [] the vaccination rollout under way, now is a good time for the major economies of the west (& ideally the world) to sit down & devise a new international #monetary order."

#GreatReset h/t @johnsteppling
"As part of that there should be widespread #debt cancellation, especially the gov't debt held by #central #banks. We estimate that amounts to approximately $25tn of gov't debt in the major regions of the global economy."

ft.com/content/39c53b…
"Whether debt cancellation extends beyond that should be central to the negotiations between policymakers as to the construct of the #new #system ...The implications for bond yields, post-debt cancellation, need to be fully thought through and debated."
Read 14 tweets
#Banks are not liable to cough up payments if you have been a victim of fraud or scams

businessinsider.in/finance/banks/…

By @pabsgill
@pabsgill If you have been a victim of a bank fraud or somebody has scammed money out of your bank account, the bank is not liable to compensate you for your loss, according to a consumer court in Gujarat.

#Banks
@pabsgill The Consumer Dispute Redressal Commission in Amreli denied compensation of a victim of fraud who got duped of ₹41,500. The court believes that the fraud occurred due to the individual’s own negligence, alleviating any responsibility on the art of the bank.

#Banks
Read 9 tweets
#Charts Fans, lets do this!
Thread time!

$SPY $QQQ $DIA $TRAN $IWM $SOX $IGV $XLF $XLI $JETS $GLD $XLE #Yield #McClellan #Insiders #PanicEuphoria

#stockCharts
$DIA #DJIA has been absolutely buzzing this year, Value vs Growth continues to sky rocket as Value was beaten down pretty hard during pandemic and growth rose exponentially, so far the story of 2021 has been Value! This is very very bulish still, lets see how far this extends!
$SPY $SPX

Spy continues to ride this channel and holding the bottom channel, very range bound so far, lets see if it takes off and breaks the upper channel, target 420 in 6-8 weeks
Read 22 tweets
Aims of the #GreatReset #American #Bankers #Oligarchy ... "We will promote social justice policies to reduce inequalities including through support to tax redistributive & domestic resource optimization approaches social safety nets & or insurance schemes"
Newly Unsealed Docs in 2018 showed top #FDIC Officials Running Operation #ChokePoint* under 2013 #ObamaAdministration to form public/private oligarchy

* to freeze politically disfavored #businesses deemed not PC / high risk out of the financial system
forbes.com/sites/norbertm…
Read 39 tweets
Anybody feels like looking at a few #Global #ETF graphs? Or are you all sitting in front of a big fire, ready for that Sunday braai or potjie?

If there's interest, I'll be happy to show 1 graph for every like or retweet?

#MonthEnd #Markets
That's nr1 (5 likes & retweets). Nice one @RocknDad 😂- saw you sneak in both a like & retweet, but rules are rules.

#SouthAfrica dropping down to 10th in the #Country #ETF YTD rankings. #China losing the lead to #Taiwan. #Brazil new current holder of the wooden spoon.
That makes it 2.

#DevelopedMarkets (+2.5% in US$) making a bit of a comeback against #EmergingMarkets (+0.8% in US$) in February. #MSCI #SouthAfrica however outperformed both with 5.3% (in US$) over same period.

$URTH $EEM $EZA
Read 19 tweets
#Budget2021: Highlights & Investment Opportunities

A thread 👇

In what was a first-of-its-kind digital-only budget amid a pandemic, the government was committed to aggressively tackle the perils of an ailing economy.

Here is an overview of sector-wise allocation: Budget 2021: Sector-wise al...
The union #budget 2021-22 was focussed on six pillars, ranging from infrastructure to healthcare and the total budget amount stood at ₹34 lakh crore!
The Insurance Act, 1938 will be amended to increase the permissible FDI limit from 49% to 74% in #Insurance Companies & allow foreign ownership and control with safeguards. #LIC will debut on the stock exchanges in 2021-22.

See Insurance Tracker:

smallcase.com/smallcase/insu…
Read 11 tweets
So, Bhavdip Sanghavi (@bhavdip143), profiteer of the pump-and-dump or stock picking guru? Read on to find out… #tldr #hesaguru
PREAMBLE: I follow a few traders and investors, the first being Assad Tannous (@AsennaWealth). His posting of trading setups & willingness to explain his process was intriguing. As a former accountant, I can do fundamental analyses all day long to pick the investments I like.
What I lacked was a way to get the timing right, meaning potential 30-50% returns instead came in at 10-20%. A technical trader sharing his insight and expertise, and watching the banter between him and other traders, was an opportunity to learn and improve for free. #thanksassad
Read 37 tweets
#Ripple plans to bring #XRP ledger to central #banks
#Ripple, a leading #Crypto fintech company, is going forward to bring the #XRP Ledger to central banks
#Ripple announced via a job listing site that it was looking to hire three central bank technical partner managers – one for each of its offices in #London, #SanFrancisco, and New York
Read 5 tweets
#threadseries

Nigerian Stock Market

The #equities market presents attractive opportunities for #investors in form of capital appreciation and dividend return given the low yield environment in the fixed income space.
#Nigerian stocks are currently undervalued and present an opportunity for growth in the short to medium term.
The current #ROI in the #equities market is positive with a YTD return at over 47.5% compared to the #inflation rate at 14.9%.
We believe #stocks in the #financial services (mostly #banks), ICT, and the #industrial sectors present strong prospects for growth given their resilience to the #economic recession.
Read 11 tweets
Chinese people love #savings. This mentality in itself is by no means wrong. Savings have been important in sustaining Chinese households during covid. But the problem lies in the form of savings, says Ren Chunsheng, Chairman of China Insurance Investment Co., Ltd. 1/6
Most of the savings in China are placed with #banks, but banks’ main function is to extend #credits; only a small portion goes into equity #investments. 2/6
It would be desirable to turn part of the 90 trillion yuan of household savings in China into long-term funds through investments in third-pillar #pensions. 3/6
Read 6 tweets
This is now a competitive advantage for #ripple, further their entire management team has been working with #SEC, #banks, and governance teams for years. Another advantage. I'm hard pressed to think they are not comfortable with each other at this point in the game. Not #Libra 6/
We literally supply the world with US dollars. A strong dollar is having bad effects for other countries (World is in a global recession, soon to be a great depression here if we keep printing the world's currency). Why? The dollar is weakening, and that's not good for 2/
us as importers ( weak dollar = paying more for goods imported to USA). How do you solve this issue? When demand for dollars is high, but US production is low, and we import a majority of our goods and you don't want to ruin your economy to benefit another? 3/
Read 10 tweets
#MCPro: The financial scorecard of these banks may have been below par, but an @RBI internal working group’s report puts the spotlight back on them.

#Banks #BankingSector

moneycontrol.com/news/business/…
#MCPro: The investment thesis for this logistics company has two legs to stand on – the revival in consumption and sectoral reforms of the govt.

#Investments #Investors

moneycontrol.com/news/business/…
#MCPro: The revenue diversification of KEI Industries has worked. The company has been able to improve the quality of earnings and remove business cyclicality drastically.

#Earnings #Business @keicable

moneycontrol.com/news/business/…
Read 4 tweets
There are a lot of people currently afraid of the impending regulatory clarity from @USOCC Brian Brooks and the Office of the Comptroller of the Currency (OCC). #cryptocurrency = wild west since 2009, we've witnessed extraordinary growth, and extraordinary amounts of fraud.
#Cryptsy #MtGox exchanges closed down, stole individuals account balances, and employees fled countries only for the individuals to have little recourse under local and international laws. 11 years later, many individuals losing it all we're getting clarity, and that is exciting.
You see like many people I've talked Crypto to family, friends, colleagues, and strangers since 2009. Every year brought exciting innovation #Ethereum, #Bitcoin #SegWit, #XRP, #Ripple. It also brought fraud #PinCoin #iFan #Bitconnect, and moral impediments #SilkRoad stopping any
Read 15 tweets
Sensex at 44000+,Nifty at 13000+ & #BankNifty at 9 month high of 30000+💪

Amongst top gainers in rally are SBI,ICICI Bank&Axis Bank;549% rise in Profit in #ICICIBank,reinforces, rally is not just liquidity driven,but excellent Sep qtr results have played big role

#EconomyRising
SBI reported PAT of 4574.16Cr in Sep'20 qtr,up 52% YoY&9% QoQ

Note,most analysts were not expecting SBI to clock profit of more than 2100 or 2200Cr

PBT for #SBI came at 6341.45Cr,up 25.33%,YoY&14.3%,QoQ

Operating profit was up 12% at 16460Cr in Q2FY21

#EconomyRising #Banks
#SBI is not any other Bank;It is biggest Bank in India,accounting for one fourth of India's lending activity, so great results by SBI,signify, #EconomyRising

NII at 28182Cr,up 5.7%,QoQ

NIMs up 12bps YoY at 3.34%

GNPA in Sep Qtr fell to 5.28% Vs 5.44% in June qtr,with NPAs down
Read 7 tweets
Former MP and member of the Digital, Culture, Media and Sport (DCMS) Committee Ian Lucas explains fresh revelations about the now-defunct data firm’s links to AIQ – the main recipient of Vote Leave’s campaign budget during the 2016 Referendum
Documents revealed for the first time by former Cambridge Analytica employee Brittany #Kaiser have shown new links between the now notorious data company and the Canadian data business AggregateIQ (AIQ), used by Vote Leave, the officially designated leave campaign organisation,
as well as by other leave campaigns, during the 2016 #EU Referendum.
Vote Leave’s campaign director, Dominic Cummings, now the Prime Minister’s right-hand-man, thought AIQ was very important.
Read 28 tweets

Related hashtags

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!