US Stock Reports, Quotes and News
(Reuters) – Australian financial conglomerate Macquarie Group (OTC:MQBKY) said on Monday its banking and financial services unit will stop new car loans through direct, broker and novated lease channels in a bid to prioritise growth of home loan and deposit offerings.
The full impact of the Reserve Bank of India\’s (RBI) increase in risk weights on consumer credit for banks and NBFCs, which was announced in November last year, is also likely to be felt this quarter impacting profitability and growth for small-ticket loans for personal consumption.
M&T Bank (NYSE: MTB) has released its first-quarter financial results for 2024, showcasing a mix of strong loan growth and controlled expenses, alongside community-focused initiatives. The bank reported a stable Common Equity Tier 1 (CET1) ratio and a slight decrease in net interest income, while expenses only increased marginally compared to the previous year.