TD Bank Stock Tumbles as Lender Reportedly Faces $3B in Penalties

Shares of TD Bank are falling in premarket trading on a report that the Canadian bank is set to pay around $3 billion in penalties and accept limits on its U.S. growth. Shares of TD Bank (TD) are falling in premarket trading after reports that the Canadian bank is set to pay approximately $3 billion…

ByPexecoOctober 10, 20240Comments

Banks

Poland’s Central Bank Increases Gold Reserves with Ambition to Reach 20%

The president of the National Bank of Poland, Adam Glapinski, has recently disclosed that the central bank plans to continue increasing its gold holdings, with a goal to have gold constitute 20% of the bank’s total reserves. The National Bank of Poland (NBP), also known as Narodowy Bank Polski, became one of the leading gold…

ByPexecoAugust 24, 20240Comments

Banks

ECB urges caution on interest rate cuts amid inflation uncertainty

The ECB is cautious on potential rate cuts, emphasising flexibility ahead of the 12 September meeting. Policymakers highlight uncertainty in the economic outlook and the need for data-driven policy decisions. The European Central Bank (ECB) is treading carefully on potential interest rate cuts, opting to approach its September meeting with an open mind and guided…

ByPexecoAugust 23, 20240Comments

Banks

Deutsche Bank: An Overview

Once dubbed the "most dangerous bank in the world" by the IMF, Deutsche Bank's journey from its controversial past to its ambitious future offers a riveting narrative of resilience and reinvention. Deutsche Bank is one of the leading financial services providers in the world, with a rich history and a significant presence in the global…

ByPexecoJuly 18, 20240Comments

Banks

Erste Group Bank: Why it deserves your attention

Established in 1819, Erste Group Bank AG offers financial and banking services. Asset/Liability Management & Local Corporate Center, Retail, Corporates, Group Markets, Savings Banks, and Group Corporate Center are the business segments through which the bank operates. Account managers in the retail network oversee businesses that deal with private individuals, micros, and independent professionals. The…

ByPexecoJuly 8, 20240Comments

European Central Bank ready to cut?

Oil prices are uncertain as to which direction to take

ECB June cut in the works?

Gold Outlook: Petraces from all-time highs

Germany’s HICP rates in sight

Equities report: Equities send out mixed signals

Banks

TD Bank Stock Tumbles as Lender Reportedly Faces $3B in Penalties

Poland’s Central Bank Increases Gold Reserves with Ambition to Reach 20%

ECB urges caution on interest rate cuts amid inflation uncertainty

Deutsche Bank: An Overview