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UPDATE 2-Sberbank bets on digital and retail as corporate lending slows

… * Sberbank Q2 net profit up 16.3%, y/y. * Profit driven by retail loans, lower provisions. * Revises down corporate lending forecast. * Sberbank sells DenizBank, ends foreign expansion era. * Bank to focus on digital products at home – CEO (Adds details, …Read more





UPDATE 2-Sberbank bets on digital and retail as corporate lending slows

MOSCOW July 31 Reuters – Sberbank has revised down its corporate lending growth forecast for this year after reporting a jump in second-quarter profits supported mainly by retail and small business lending Russias largest bank is transforming itself
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Retail loan growth slows as consumption auto sales fall

Bankers and analysts agree that a slowdown in auto sales has weighed on retail loan growth PK Gupta managing director retail and digital banking 4529 crore Corporate loan growth in recent months has been driven by increased lending to non-banking
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European GDP Data Disappoints In Session Regional Inflation Data Slows From Month Ago Levels

US United States Fed Chairman Powell put a significant bid back under stocks after fine tuning his now less hawkish take on the proximity of the Funds rate to neutrality to just below from a long way from There were other dovish hints
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Flurry of Financial Services Activity as Legislative Days Fly By SEC CFTC Move Ahead with Regulatory Priorities

As the Task Force concludes its work lawmakers will now focus on finalizing its report and recommendations regarding what needs to be done to update the nations banking regulatory regimes to get around various lending restrictions
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Kass Stop the Nonsense That There Is No Inflation 8 Bad Things for Stocks

Tariffs and high transportation costs are lending support to higher core goods prices I could go on but feel like the news is awful for business and corporate profits and frankly the politics are awful for the world Get an email alert each time
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TCF Financials TCB CEO Craig Dahl on Q1 2016 Results – Earnings Call Transcript

The information we will provide today is accurate as of March 31 2015 and we undertake no duty to update the information In February as part of extending our retail banking relationship with Jewel-Osco we announced plans to close 33 in-store branches
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