Lyft shares plunge nearly 25% after reporting lower-than-expected revenue


reuters , lyft (LYFT) It forecast current-quarter revenue below Wall Street’s estimates on Thursday, blaming extremely cold weather in some of its key markets and low prices especially during peak hours, sending its shares down nearly 25 percent in extended trading. Sent down %. The company’s approach was unlike that of its bigger rival Uber …

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Banking regulatory body wants a ‘tripwire’ to flag APP frauds


An organization that provides a code of practice for banks has called on signatory banks to introduce transaction monitoring technology that can identify authorized push payment (APP) fraud. The Lending Standards Board (LSB) provides independent monitoring of banks that voluntarily sign up for it. Contingency Reimbursement Model Code, As part of the code, the …

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Indian banking system will not be affected by this "case like this": RBI chief on Adani row – NDTV Profit


Indian banking system will not be affected by “case like this”: RBI chief on Adani controversyndtv profit Adani crisis: How bad is your bank’s exposure to SBI, PNB, Adani Group?Peppermint RBI on Adani: Indian banks’ exposure to group not significant, lenders flexible and strongmonocontrol ‘Banks don’t lend to Adani based on share price’, clarifies RBI …

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Australia’s central bank signaled further tightening after raising rates to the highest level in a decade. cnn business

Australia's central bank signaled further tightening after raising rates to the highest level in a decade.  cnn business

Sydney reuters , Australia’s central bank on Tuesday raised its cash rate by 25 basis points to a decade high of 3.35% and reiterated that a more hawkish policy stance than many expected would require further increases. Concluding its February policy meeting, the Reserve Bank of Australia (RBA) also abandoned previous guidance that it was …

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SBI: SBI offers up 31%, analysts bullish after Q3


MUMBAI: The brokerage has maintained its bullish stance on State Bank of India (SBI) after it delivered another strong quarterly performance. Shares of the country’s largest lender ended unchanged at ₹543.90 per share on the NSE. Its value has declined by more than 10% in the past month, with most of the loss being due …

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Mark Asher Named CIBC Innovation Banking Lead After Mark McQueen’s Departure Is Announced


Usher follows in the footsteps of Wellington’s former financial aide Mark McQueen, who is leaving for other endeavors. CIBC Innovation Banking has announced that Mark Asher is its new leader following the recent news that Mark McQueen is stepping down. Asher has been named President and Executive Managing Director of CIBC Innovation Banking and …

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