Investing in Currencies

NEW YORK - Citigroup Inc (NYSE:). has decided to delay its bonus announcements, originally scheduled for January 12th, to Tuesday January 16th, citing the need for financial adjustments due to currency risks in Argentina and Russia totaling $1.3 billion, along with restructuring costs of $780 million. The financial recalibrations affect the bank's records from the third quarter of 2021 through the fourth quarter of 2023.In the meantime, rival Morgan Stanley (NYSE:) has moved forward with its bonus distributions, although it has reported a reduction in investment banker bonuses this year....

NEW YORK - In the wake of the approval of multiple spot-based exchange-traded funds (ETFs), blockchain specialist Samson Mow from Jan3 has made a bold prediction that Bitcoin's value could surge to $1 million. Mow's optimism is fueled by several market dynamics, including the growing participation of institutional investors and the anticipated increase in trading volumes due to these new ETFs.Despite a recent dip in Bitcoin's price to $42,800 and a market capitalization of $841 billion, as reported by Coingecko, the launch of the spot Bitcoin ETFs has been received...

Risk Disclosure: Fusion Media will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible. Currency trading on margin involves high risk and is not suitable for all investors. Trading or investing in cryptocurrencies carries with its potential risks. Prices of cryptocurrencies are extremely volatile and may be affected...

Thiruvananthapuram, Jan 13 (IANS) NABARD has projected a Credit Potential of Rs 2.37 lakh crore under priority sector to be financed by all banks in Kerala for the 2024-25 financial year. This was discussed at the State Credit Seminar conducted by NABARD under the chairmanship of Kerala Chief Secretary, Dr V. Venu.At the meeting attended by various bankers and numerous departmental heads, it was found out that the agriculture sector constituted 52 per cent of the total projection for priority sector.To boost the agriculture sector, NABARD suggested to improve the...

PITTSBURGH - F.N.B. Corporation (NYSE: NYSE:), a diversified financial services company, has announced the redemption of all outstanding shares of its Series E Preferred Stock. The company's Board of Directors declared that the $110 million aggregate liquidation preference of the Depositary Shares, each representing a 1/40th interest in a share of the Series E Preferred Stock, will be redeemed on February 15, 2024.Shareholders of record as of the close of business on January 31, 2024, will receive the final quarterly cash dividend of $18.13 per share of Series E Preferred...

Risk Disclosure: Fusion Media will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible. Currency trading on margin involves high risk and is not suitable for all investors. Trading or investing in cryptocurrencies carries with its potential risks. Prices of cryptocurrencies are extremely volatile and may be affected...