RBI Permits Use of Brickwork Ratings for Loans Up to Rs 250 Crore and Tweaks Remittance Norms to IFSCs

The Reserve Bank of India (RBI) has allowed banks to use ratings by Brickwork Ratings India for loans up to Rs 250 crore. In October […]

Bank Term Funding Program Update: Ceasing New Loans, Adjusted Interest Rates, and Implications for Market Stability

The issuance of new loans under the Bank Term Funding Program ends as scheduled on March 11. Eligible institutions can continue accessing the program for […]

Moody’s Downgrades NYCB and Flagstar Bancorp: Navigating Challenges and Stabilizing Operations

• Moody’s Investors Service recently downgraded the long-term issuer rating of New York Community Bancorp (NYCB) to B3 and also downgraded Flagstar Bancorp’s subordinated debt […]

Bank of America Report: Massive Inflows to Crypto Funds and Record-Breaking Cash Trends

Bank of America’s recent data highlights substantial inflows into various asset classes for the week concluding on February 28. Leading the pack is cash, witnessing […]

JPMorgan Chase Announces $30 Billion Expansion: 5 New Connecticut Branches and 500 Nationwide by 2027

JPMorgan Chase Bank is embarking on a significant expansion plan in Connecticut and across the United States, aiming to open five new branches in Connecticut […]