Global consultancy Kearney has today released the sixteenth edition of its annual European Retail Banking Radar, which tracks the performance of close to 90 retail banks across 21 European markets. The study found that higher interest rates fueled a record year for retail banks. However, it also warned that banks should be leveraging their current […]
India’s top IT services exporters are seeing revenue growth in parts of Europe and regional markets — the Middle East & Africa (MEA) and India and Asia Pacific (APAC) — outpacing that in the traditional stronghold of North America, which is experiencing flattening demand.Currently, for most IT services firms, the North American market contributes 50-60% to the total revenue, followed by Europe at around 30%. The regional markets still constitute a small portion of the total revenue pie.However,...
Stellantis reported a disappointing first quarter as net revenues dropped 12%. The company is expecting a brighter future as they’re gearing up to launch 25 new models. The Jeep Wrangler, Grand Cherokee, and Dodge Hornet are the best-selling plug-in hybrids in America. Stellantis reported their first quarter results and the numbers were rough as net revenues fell 12% to €41.7 ($44.6 / £35.6) billion. That’s a disappointing result and the company chalked up the poor performance to “volume, mix...
Tata retailer Trent Ltd.'s revenue and net profit rose in the fourth quarter of fiscal 2024. Revenue jumped 53.4% year-on-year to Rs 3,187 crore during the January-March period. This compares to Rs 2,077 crore in the same period last year.Net profit of the Tata Group company rose to Rs 712 crore from Rs 45 crore in the previous year, aided by a one-time lease readjustment gain of Rs 543 crore, with a tax thereon of Rs 138 crore.Gross margin surprise was offset by employee costs, which saw a...
15 State Officials Warn Bank Of America About 'De-Banking' Of Christians Authored by Naveen Athrappully via The Epoch Times, A group of 15 financial officials from 13 states sent a notice to Bank of America, raising concerns about the institution’s “de-banking” of Christians. “We write to express our concerns over Bank of America’s troubling track record of politicized de-banking. Bank of America’s de-banking policies and practices threaten the company’s financial health, its...
Several state treasurers and other officials sent a letter to Bank of America warning the banking giant of apparently targeting customers with conservative politics by de-banking them—however, Tennessee State Treasurer David Lillard's signature was absent.
Lloyds Banking Group has announced its profits plunged by 28% in the first
Chartered Institute of Bankers of Nigeria, CIBN, has expressed support for the ongoing banking recapitalization exercise saying it will empower banks to lend more to the economy.
The Bank of America is not bullish no any currency in Asia, leading the investment bank to deem the start of a "chaotic era" for these currencies.
Leading EV manufacturer Tesla continues to lose sales, with another profit drop of as much as 55%. Tesla's profits are reportedly down 55% due to competition, and its price-cutting strategy finally caught up with that of the automaking giant.
Spotify reported first quarter earnings before the bell on Tuesday. Here's
Mercedes-Benz Group AG said on Tuesday that its revenue in the first quarter of fiscal 2024 amounted to €435.9 billion, falling 4% compared to the same period of 2023.Net profit plunged 25% to €3 bill