Latest news with #bankloans
Yahoo
13 hours ago
- Business
- Yahoo
Italian bank deposits slow in June but lending to businesses recovers
ROME (Reuters) -The growth of Italians' deposits at domestic banks slowed significantly in June, while lending to businesses picked up after a fall the previous month, the Bank of Italy said on Monday. Deposits increased 0.5% year-on-year in June after rising 3.8% in May. Bank loans to businesses were up 0.3% year-on-year, the central bank said, following a 1.4% decline in May. The issuance of bank bonds also picked up, data showed, with sales up 1.4% year-on-year in June after a 0.2% fall in May. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
13 hours ago
- Business
- Reuters
Italian bank deposits slow in June but lending to businesses recovers
ROME, Aug 11 (Reuters) - The growth of Italians' deposits at domestic banks slowed significantly in June, while lending to businesses picked up after a fall the previous month, the Bank of Italy said on Monday. Deposits increased 0.5% year-on-year in June after rising 3.8% in May. Bank loans to businesses were up 0.3% year-on-year, the central bank said, following a 1.4% decline in May. The issuance of bank bonds also picked up, data showed, with sales up 1.4% year-on-year in June after a 0.2% fall in May.
Reuters
5 days ago
- Business
- Reuters
POLL Chinese bank lending likely plunged in July as seasonal factors outweigh policy support
BEIJING, Aug 7 (Reuters) - New bank loan issuance in China likely plunged in July from June, a Reuters poll showed on Thursday, weighed down by weak credit demand and seasonal factors even as the central bank keeps monetary policy accommodative to support growth. Chinese banks issued around 300 billion yuan ($41 billion) in net new yuan loans in July versus 2.24 trillion yuan in June, showed the average of 17 economist estimates in a Reuters poll. July typically sees lower loan disbursement as it follows strong credit expansion in June when banks strive to meet quarterly targets. Elevated government bond issuance and improved corporate bond issuance likely boosted growth of total social financing, or broad credit, to 9.1% in July year-on-year from 8.9% in June, Nomura said in a research note. The government two weeks ago pledged to boost investment in agriculture to stabilise supply of grain and other key produce. This week, it said it would encourage banks to provide more medium- and long-term financing to advanced manufacturing industries such as those related to integrated circuits. Manufacturing activity shrank for a fourth successive month in July, indicating that an export surge before the U.S. imposed new tariffs started to fade while domestic demand remained dull. Easing friction with the U.S. may give China room to introduce stimulus to encourage consumption. The world's two largest economies are seeking a 90 day extension to a trade truce which would otherwise expire on August 12. The government is due to release loans and money supply data on August 8-15. Cash in circulation plus certain types of deposit such as corporate time deposits and household savings - known as M2 money supply - likely grew 8.2% in July from a year earlier, versus 8.3% in June, the poll showed. Economists estimated outstanding yuan loans grew 7.0% in July from a year prior, compared with 7.1% in June. Total social financing - a broad measure of credit and liquidity - likely fell to 1.5 trillion yuan in July from 4.2 trillion yuan in June, the poll showed. Any acceleration in government bond issuance could boost such financing. The measure includes off-balance-sheet forms of financing beyond conventional bank lending, such as initial public offerings, bond sales and loans from trust companies. ($1 = 7.1803 Chinese yuan renminbi)
Bloomberg
30-06-2025
- Business
- Bloomberg
Hong Kong Builder Emperor Shares Drop After It Says Debt Overdue
Hong Kong developer Emperor International Holdings Ltd. shares fell the most this year Monday after it reported overdue bank loans and said it's talking to banks on a restructuring plan. The real estate firm had more than HK$16.6 billion ($2.1 billion) overdue as of March 31 'and/or the Group has breached certain terms of the loan agreements,' according to a filing to the Hong Kong stock exchange late Friday. 'The banks may request immediate repayment of these bank borrowings,' the company said in the filing.
Yahoo
29-06-2025
- Business
- Yahoo
Stifel Reports Y/Y Rise in Client & Fee-Based Assets for May 2025
Stifel Financial Corp. SF reported key operating results as of May 31, 2025, highlighting year-over-year increases in client and fee-based assets, despite volatility in equity markets. The company's total client assets increased 8% year over year and 3% from the prior month's level in May 2025, reaching $501.4 million. This is driven by market appreciation and the successful recruitment of financial advisors. Fee-based client assets rose 13% year over year and 4% sequentially in May to $199.1 million. Private Client Group's fee-based client assets were $173.6 million as of May 31, 2025, up 12% from the year-ago quarter and 5% from the previous month's level. Bank loans, net (including loans held for sale), were $21.2 million as of May 2025, up 7% year over year but down 2% sequentially. Client money market and insured product balances decreased 2% on a year-over-year basis and nearly 1% on a sequential basis in May due to a lower Smart rate balance, as the Sweep deposit balance also witnessed a slight decline. SF's May total client assets and fee-based assets increased, indicating strong growth in client engagement and portfolio value. Further, a rise in bank loans, net, implies a positive trend in lending activities and revenue growth from this segment. However, declining client money market and insured product balances suggest a decline in liquidity and possibly a negative market perception. In April, the investment banking activity was negatively affected by the market volatility. However, as the market stabilized, its momentum increased, and the investment banking pipeline strengthened throughout the quarter. Though IB revenue is expected to decrease in the second quarter of 2025, management remains cautiously optimistic for the full year 2025. In the past year, Stifel shares have risen 25.5% underperforming the industry's rise of 40.6%. Image Source: Zacks Investment Research Currently, SF carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. LPL Financial LPLA witnessed a rise in total brokerage and advisory assets in May 2025. The metric was $1.85 trillion, which grew 3.7% from the prior month and 26.5% year over year. LPLA reported a total client cash balance of $49.2 billion in May, down 5% from the prior month but up 10.6% from May 2024. Of the total balance, $33.4 billion was insured cash, $10.6 billion was deposit cash, and the remainder consisted of money-market sweep and client cash balances. Charles Schwab SCHW also released its monthly activity report for May 2025. The company's total client assets were $10.35 trillion, up 12.4% from May 2024 and 4.6% from April 2025. SCHW's Client assets receiving ongoing advisory services were $5.24 trillion, growing 12.6% from the year-ago period and 3.9% from the prior month. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The Charles Schwab Corporation (SCHW) : Free Stock Analysis Report Stifel Financial Corporation (SF) : Free Stock Analysis Report LPL Financial Holdings Inc. (LPLA) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
