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On the cost front, the bank has been agile about consistently bringing down cost to assets by more than 40 bps and it still has a further buffer to manage it by 15-20bps to cushion any earnings volatility.
Retail darlings dented after Reddit group Wallstreetbets briefly shuts doorsShares of GameStop, AMC Entertainment, Koss Corp and BlackBerry all dropped at least 20% moments after the shuttering of the forum, highlighting the role it has played in fueling stock rallies that many say have been driven p… Read MoreFederal Reserve keeps interest rates near zero amid pandemic
from Stocks-Markets-Economic Times https://ift.tt/3t5S4zQ
… Read MoreTokyo stocks open down over 2% after Wall Street routThe US Federal Reserve maintained ultra-loose interest rates, with its Chair Jerome Powell cautioning the US economic outlook was "highly uncertain" in light of surging Covid-19 cases.
from Stocks-Markets-Economic Times http… Read MoreUS: Stocks have worst day since October as big tech sinks
from Stocks-Markets-Economic Times https://ift.tt/3aa9TVZ
… Read MoreAsian equity markets unsettled by Wall Street swoon, short seller squeezeJapan's Nikkei fell 1.3%, its sharpest drop since October, and Chinese blue chips 1.5%. South Korea eased 0.9% led by losses in Samsung after it reported earnings.
from Stocks-Markets-Economic Times https://ift.tt/2KSTHQe
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