Banco

Grupo Casas Bahia announces agreement with partner banks and accelerates Transformation Plan

Retrieved on: 
Wednesday, May 1, 2024
Banco, Banco Bradesco, The, Bookkeeping

SÃO PAULO, May 1, 2024 /PRNewswire/ -- Grupo Casas Bahia has just closed an agreement with their main creditors, Bradesco and Banco do Brasil, which will preserve R$4.3 billion in cash reserves until 2027, of which R$1.5 billion just in 2024. The agreement includes a grace period of 24 months for interest payments and 30 months for principal payments. The average amortization period goes from 22 to 72 months, with a reduction of 1.5 pp in the average cost, which represents a saving of R$400 million during the period.

Key Points: 
  • SÃO PAULO, May 1, 2024 /PRNewswire/ -- Grupo Casas Bahia has just closed an agreement with their main creditors, Bradesco and Banco do Brasil, which will preserve R$4.3 billion in cash reserves until 2027, of which R$1.5 billion just in 2024.
  • The agreement includes a grace period of 24 months for interest payments and 30 months for principal payments.
  • "We are very pleased to have been able to achieve this debt reprofiling, which was only possible thanks to the successful advancement of the operational levers of our Transformation Plan.
  • The Grupo Casas Bahia's Transformation Plan is making strong progress.

White River Bancshares Co. Earns $509,000, or $0.51 Per Diluted Share, in First Quarter 2024; Highlighted by Higher Net Interest Income and Double Digit Loan and Deposit Growth Year-Over-Year

Retrieved on: 
Friday, April 19, 2024
Total, OTCQX, FHLB, Banco, Signature Bank, Compact disc, Environment, NIM, Tier 1, CECL, Bank, Acquisition, AOCI, Video game

“While rising rates changed the deposit mix as customers pursued higher yielding accounts, demand and non-interest bearing accounts remained strong.

Key Points: 
  • “While rising rates changed the deposit mix as customers pursued higher yielding accounts, demand and non-interest bearing accounts remained strong.
  • Loan growth was robust in the first quarter of 2024, increasing $28.5 million, or 3.0% compared to the prior quarter end.
  • Net interest income increased 7.4% to $8.0 million in the first quarter of 2024, compared to $7.5 million in the first quarter of 2023.
  • First quarter net interest margin (“NIM”) was 2.97%, compared to 3.16% in the first quarter a year ago.

Nowcasting consumer price inflation using high-frequency scanner data: evidence from Germany

Retrieved on: 
Tuesday, April 23, 2024
Consensus, Online, Cream, Honey, Tax, Glass, MAPI, Consensus Economics, Journal of Economic Perspectives, Milk, Shower, Low-alcohol beer, Autoregressive–moving-average model, Infant, C3, Islam, Wine, Core inflation, Research Papers in Economics, National accounts, Kálmán, Barcode, Journal of International Economics, Communication, Royal Statistical Society, COVID19, Kohl (cosmetics), Natural disaster, Business, Observation, Paper, VAT, European Economic Review, Diebold Nixdorf, Blancmange, Calendar, Sunflower oil, Annual Review of Economics, Hand, C4, DESTATIS, NBER, Tinning, Razor, Forecasting, Gasoline, Coffee, European Economic Association, Cat, Journal of Monetary Economics, Journal of Applied Econometrics, Medeiros, Architecture, Oxford University Press, Producer, GfK, Quarterly Journal of Economics, Margarine, NCBS, Starch, Political economy, Consistency, COVID-19, Consensus decision-making, Website, MIDAS, Behavior, Deutsche Bundesbank, PPI, World Bank, Collection, Medical classification, Orange, Eurozone, Butter, FMCG, Noise, Travel, Clothing, History, Inflation, Liver, International economics, Journal of Political Economy, BSI, OLS, Statistics, Consumer, PDF, University of Chicago, Classification, ECB, Fats, Policy, Multi, WOB, Outline, C6, Mincing, Canadian International Council, Social science, Perfume, University of California, Berkeley, Journal of Forecasting, Federal Reserve Bank, JEL, L1, Journal, Research, Candle, Food, TPD, Credit, Spice, LPG, Janssen, Marmalade, Superior, Literature, Chocolate, Beef, Kiel University, European Central Bank, Natural gas, HICP, Monetary economics, Yogurt, Section 5, ILO, Bermingham, Price, GTIN, Cheese, Macroeconomics, Growth, Beck, XJ, Government, De Beer, Supermarket, Ice cream, Naturally, C53, Corn flakes, BIS, Biscuit, LASSO, Petroleum, A.2, Poultry, Accuracy and precision, Application, White, Lettuce, Risk, ESCB, University of Siegen, OECD, Chapter One, Lipstick, Sack, XT, BIC, Garlic, Consumption, Sokol, Meat, VAR, Database, Section 3, Rusk, American Economic Journal, Royal, Curd, Overalls, Lamb, Great Lockdown, Fruit, Economy, COICOP, International Journal of Forecasting, Aftershave, Section 2, Nonparametric statistics, Attention, Conference, CPI, Heat, Public economics, Common sunflower, Nowcasting, American Economic Review, Computational Statistics (journal), GFK, COVID-19 pandemic, Exercise, Shock, Running, UNECE, Edible, Gambling, Banco, Rigid transformation, European Commission, Frozen, C.2, PRISMA, Official statistics, Concept, Drink, Transaction data, Somatosensory system, Punctuality, Altbier, Food prices, Response, GDP, Index, E31, Cabinet of Germany, Holiday, Machine learning, Series, Green, Whisky, Vegetable, Cola, Journal of Econometrics, Sadik Harchaoui, University, Aggregate, World Bank Group, B.1, Use, Book, Economic statistics, Civil service commission, 1L, Apple, Bread, Filter, Central bank, Brandeis University, Economic Modelling, Bank, Barkan, Roulade, Dairy product, Neural network, Reproduction, IMF, Section, ID, Data, D4L, Cryptocurrency
Key Points: 

    Attention Banco Santander, S.A. Inc. Investors: Company Investigated by the Portnoy Law Firm

    Retrieved on: 
    Tuesday, March 26, 2024
    Banco Santander, Financial Times, Banco, Real-time, Buckingham Palace, ADS, American depositary receipt

    LOS ANGELES, March 26, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Banco Santander, S.A. (NYSE: SAN) investors that the law firm has initiated an investigation on behalf of investors that lost money on their Banco stock.

    Key Points: 
    • LOS ANGELES, March 26, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Banco Santander, S.A. (NYSE: SAN) investors that the law firm has initiated an investigation on behalf of investors that lost money on their Banco stock.
    • Banco Santander investors are encouraged to contact the firm to discuss their legal rights.
    • The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.
    • The Portnoy Law Firm represents investors in pursuing claims caused by corporate wrongdoing.

    Frank Elderson: Taking into account climate and nature in monetary policy and banking supervision around the world

    Retrieved on: 
    Wednesday, April 3, 2024
    Reproduction, European Central Bank, Attention, Climate change, Risk management, Financial system, Supervisory board, Finance, BCBS, Central bank, FSB, Amazon, ECB, Risk, Flood, Frankfurt, Climate, Materiality, NGFS, Carbon footprint, News, Communication, Food, Nature, Mineral, Carbon, Biodiversity, Risk assessment, Banco, Data collection, Mouth, Water, Ecosystem, Drinking water, Wildfire, Cryptocurrency

    This box investigates how households have responded to the 2021-23 inflationary episode using evidence from the ECB’s Consumer Expectations Survey.

    Key Points: 
    • This box investigates how households have responded to the 2021-23 inflationary episode using evidence from the ECB’s Consumer Expectations Survey.
    • The findings suggest that households have primarily adjusted their consumption spending to cope with higher inflation.

    TerraPay and Banco G&T Continental Forge Strategic Alliance to Revolutionize Cross-Border Remittances

    Retrieved on: 
    Wednesday, February 28, 2024
    Banco, Economic development, Partnership, Bank

    By joining forces with TerraPay, Banco G&T Continental gains access to a robust platform and extensive network that facilitate hassle-free cross-border transfers.

    Key Points: 
    • By joining forces with TerraPay, Banco G&T Continental gains access to a robust platform and extensive network that facilitate hassle-free cross-border transfers.
    • With this partnership, Banco G&T Continental can leverage TerraPay's expansive network to enhance the flow of remittances in Guatemala while improving accessibility to financial services.
    • "We are delighted to partner with Banco G&T Continental to drive innovation and efficiency in cross-border remittances," remarked Juan Luis Hernandez, Senior Country Manager - LAC Region at TerraPay.
    • Through this collaboration, TerraPay and Banco G&T Continental reaffirm their dedication to delivering unparalleled services while driving positive change in the financial landscape of Guatemala.

    TerraPay and Banco G&T Continental Forge Strategic Alliance to Revolutionize Cross-Border Remittances

    Retrieved on: 
    Wednesday, February 28, 2024
    Banco, Economic development, Partnership, Bank

    By joining forces with TerraPay, Banco G&T Continental gains access to a robust platform and extensive network that facilitate hassle-free cross-border transfers.

    Key Points: 
    • By joining forces with TerraPay, Banco G&T Continental gains access to a robust platform and extensive network that facilitate hassle-free cross-border transfers.
    • With this partnership, Banco G&T Continental can leverage TerraPay's expansive network to enhance the flow of remittances in Guatemala while improving accessibility to financial services.
    • "We are delighted to partner with Banco G&T Continental to drive innovation and efficiency in cross-border remittances," remarked Juan Luis Hernandez, Senior Country Manager - LAC Region at TerraPay.
    • Through this collaboration, TerraPay and Banco G&T Continental reaffirm their dedication to delivering unparalleled services while driving positive change in the financial landscape of Guatemala.

    CME Group Launches Clearing Service for Mexican F-TIIE Overnight Index Swaps

    Retrieved on: 
    Tuesday, February 20, 2024
    EBS, Standard, NYMEX, COMEX, Financial services, BBVA México, J. P. Morgan, New York Mercantile Exchange, OTC, City, S&P Dow Jones Indices, LATAM, CME Group, TIIE, Chicago Board of Trade, Risk, LTD, Director general, S&P, BBVA, Banco, Morgan Stanley, Metal, CME, OIS, Goldman Sachs, CBOT, HSBC, Iron ore

    CHICAGO, Feb. 20, 2024 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced that nine market participants have cleared over-the-counter (OTC) Mexican Overnight Funding Rate (F-TIIE) index swaps since the company launched its clearing service on February 5.

    Key Points: 
    • CHICAGO, Feb. 20, 2024 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced that nine market participants have cleared over-the-counter (OTC) Mexican Overnight Funding Rate (F-TIIE) index swaps since the company launched its clearing service on February 5.
    • Market participants who have already cleared these swaps through CME Group include Banorte, BBVA, Goldman Sachs, HSBC, J.P. Morgan, Morgan Stanley, and Santander.
    • "Our new swaps clearing service provides critical infrastructure for clients navigating the F-TIIE benchmark transition," said Agha Mirza, CME Group Global Head of Rates and OTC Products.
    • For more information on clearing F-TIIE index swaps at CME Group, please visit https://www.cmegroup.com/articles/2023/transition-from-28d-tiie-to-tiie-... .

    Philip R. Lane: Euro area international financial flows: analytical insights and measurement challenges

    Retrieved on: 
    Tuesday, February 13, 2024
    Brookings Institution, Quarterly Journal of Economics, Journal of Financial Economics, SSRN, Climate change, Map, IMF Economic Review, Nation, Federal Reserve, Statistics, Adjustment, International economics, BEA, Financial economics, Cambridge University Press, Swings, ESS, Bank, Asian Economic Papers, Buildup, ECI, Data, Director of National Parks, WP, Journal, Spes, Banco de Portugal, International Monetary Fund, Foreign direct investment, Communication, Fiscal, Environment, BIS, ESCB, Sector, BRICS, G-20, Capital, External, Frankfurt, Carbon, Insurance, Central bank, European Central Bank, Quarterly Journal, Speech, Appetite, Research, Reproduction, Exchange, Outline, MNE, Aftermath, Answer, Data management, Geography, FDI, Sound, Banco, COVID-19, Policy, Creditor, Role, ECB, Security (finance)

    We document how gas price fluctuations have a heterogeneous pass-through to euro area prices depending on the underlying shock driving them.

    Key Points: 
    • We document how gas price fluctuations have a heterogeneous pass-through to euro area prices depending on the underlying shock driving them.
    • Supply shocks, moreover, are found to pass through to all components of euro area inflation – producer prices, wages and core inflation, which has implications for monetary policy.

    White River Bancshares Co. Earns $788,000, or $0.79 Per Diluted Share, in Fourth Quarter 2023 and Earns $2.55 Million, or $2.56 Per Diluted Share for the Year; Highlighted by Double Digit Loan and Deposit Growth Year-Over-year

    Retrieved on: 
    Thursday, January 18, 2024
    NIM, CECL, Total, 2020, Bank, FHLB, Current Expected Credit Losses, Tier 1, Signature Bank, Environment, Banco, AOCI, OTCQX, Small business, Marketing, Growth

    Fourth Quarter 2023 Financial Highlights:

    Key Points: 
    • Fourth Quarter 2023 Financial Highlights:
      Fourth quarter net income was $788,000, or $0.79 per diluted share, compared to $1.42 million, or $1.42 per diluted share, in the fourth quarter of 2022.
    • Fourth quarter net interest margin (“NIM”) was 3.00%, compared to 3.79% in the fourth quarter a year ago.
    • Net interest income was $7.8 million in the fourth quarter of 2023, compared to $8.8 million in the fourth quarter of 2022.
    • Total interest income increased 31.3% to $14.7 million in the fourth quarter of 2023, compared to $11.2 million in the fourth quarter of 2022.