ConnectOne Bancorp targets 2.90% NIM in Q1 2025, with merger synergies to boost profitability
Q4 2024 Management View Chairman and CEO Frank Sorrentino highlighted a strong quarter, driven by a 21% sequential increase in net income available to common shareholders, supported by improved net ...
Banks struggle with margin pressure as loan growth slows amid high interest rates: S&P Global
Indian banks and prominent financial institutions are facing margin pressure according to S&P Global Market Intelligence. This is impacting loan growth and margins for the banking sector.
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Stocks cheer megacap earnings; CBUAE keeps rates unchanged
Wall Street shares looked set for more gains on Thursday, as investors cheered earnings from Meta, but shunned Microsoft, while the dollar was steady ...
Wall Street follows FTSE higher as traders weigh US economy slowdown and ECB rate decision
US GDP grew by 2.3% on an annualised basis in the final quarter, according to the Bureau of Economic Analysis. This was slower than the 2.6% annualised growth expected by economists polled by Reuters.
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ECB Cuts Interest Rates to 2.75% Amid Slow Growth
ECB lowers interest rates to 2.75% as inflation approaches target. Economic growth stagnates in the eurozone, with France and Germany facing contractions.
Lagarde's statement after ECB policy meeting
The Governing Council today decided to lower the three key ECB interest rates by 25 basis points. In particular, the decision to lower the deposit facility rate – the rate through which we steer the ...
Why Americans still can't get cheaper mortgages, car loans or card balances after three Fed rate cuts
Mortgage rates actually increased and have remained a major hurdle for prospective home buyers. Car loans haven't downshifted much, and credit-card annual percentage rates, or APRs, have only crept ...
Bund yields fall and DAX hits fresh record as European Central Bank cuts interest rates
The euro pared session losses and benchmark bond yields fell near to a three-week trough after the European Central Bank cut interest rates by a quarter point, saying it expects inflation to fall back ...
TEXT-Statement From the ECB Following Policy Meeting
In particular, the decision to lower the deposit facility rate – the rate through which the Governing Council steers the ...
ECB trims interest rate by 25bps, as expected
The European Central Bank (ECB) slashed its interest rate by 25 basis points to 2.75% on Thursday, as widely expected. "Inflation has continued to develop broadly in line with the staff projections ...
CD, Checking, and Savings Rates Today: Supercharge Your Savings
Open a new bank account today and earn a top interest rate. Our experts have researched the best rates on checking, savings, ...
Fed pauses interest rate cuts despite Trump’s call to lower rates ‘immediately’
The Federal Reserve decided to delay additional rate cuts for now and keep interest rates unchanged at its first meeting of ...