Alexandre Chavotier’s Post

The big 4 banks hold 3/4 of our savings🏦 Time to shake the oligopoly💣 Banks collectively hold ~$1.47tn in household deposits. CBA, Westpac, NAB and ANZ control 74% of this money pool (soon 76% with ANZ´s acquisition of Suncorp)😱 At Upworth, in transparency and competition we trust: 1️⃣ Open a free Upworth account 2️⃣ Safely connect your existing bank accounts 3️⃣ Find out if you are earning the best rate possible Dare to shake the oligopoly. Dare to be free🗽

Highlights from our Banks Recapitalization Watch this week, June 21, 2024 • Among the Tier 1 banks, only Guaranty Trust #GTCO's share price had a positive YTD performance, showing value appreciation, while the remaining banks had a negative YTD performance. • Three Tier 2 Banks, Wema Bank Plc., FCMB Group , and Ecobank #ETI, had positive YTD this week, while the remaining three banks' share prices showed value erosion year-to-date. • Two Tier 2 Banks (Fidelity Bank PLC and WEMA) unveiled their capital raise plans. Wema Bank announced a N150bn capital raise via right issue and private placement, whilst Fidelity Bank issued a right issue and public offer worth N127bn at N9.25k and N9.75k per share. #AskProshare

💰💼 1,000,000,000,000,000 That’s a quadrillion. For anyone who didn’t know (including but not limited to our Marketing Executive Adam), that’s a thousand trillion or a million billion. If that makes it any easier to understand. Why are we defining absurdly large numbers on LinkedIn? That’s because our flagship product, Realiti, is on the verge of breaking through to over $1 quadrillion in annual transactions from all of our customers. 🚀 Including banks like Santander, Lloyds Banking Group, NatWest, and Scotiabank, our customers are transacting their money through our real-time liquidity management solution. A solution that also offers deep insight and analytics into the inner workings of your bank. 💳💻 You can read the whole story on our website, linked in the comments below. #Treasury #TreasuryManagement #Liquidity 🏦💰

A lot has been said and done on #hdfcbank's Q3FY24 results. The bank's stock declined on January 18 and fell over 3 percent marking its biggest single day drop since March 2020.  But what is also important is the bank management's commentary and announcements regarding its provisions, alternative investment funds (AIF), digital initiatives, and impact of the increase in the risk weight of assets. https://lnkd.in/dTe3Vaxa

Good article about the boldness of Axos Bank.

NAB and ANZ have adjusted their term deposit rates, cutting returns across several terms but offering a new top rate of 4.80% p.a. for eight-month deposits. This move comes amid widespread reductions in term deposit rates by major banks, reflecting market uncertainty about future interest rate movements. Read the full article here https://shorturl.at/pM1ng savings.com.au

Pacific Premier Bancorp, Inc., the Holding Company of Pacific Premier Bank, released its 2023 Annual Report. The Pacific Premier Bancorp, Inc. 2023 Annual Report tells a story of continued performance and expert navigation of a profoundly challenging economic environment while maintaining a position of strength as it enters 2024. “As you know well, 2023 was an extraordinary year for the banking industry. Rising interest rates, high-profile bank failures in rapid succession, and heightened regulatory expectations coalesced into a dynamic operating environment unique in its velocity and volatility. Our steadfast commitment to prudent and proactive risk management, client retention and development, and creating long-term value generated positive results for our stockholders, clients, employees, and the diverse communities we serve,” said Steven R. Gardner, Chairman, CEO, and President of Pacific Premier. To view the full Pacific Premier Bancorp, Inc. 2023 Annual Report, visit: https://lnkd.in/gWmKEfyp

Prime Bank Achieves Record Net Profit of Ksh 4.4 Billion: Driven by Increased Income 📈💼 In a remarkable milestone, Prime Bank announces a record net profit of Ksh 4.4 billion, signaling robust financial performance and strategic growth initiatives. Let's delve into the details: 💼 Financial Performance: Prime Bank's stellar net profit of Ksh 4.4 billion underscores its resilience and agility in navigating challenging market conditions. This achievement reflects prudent financial management, effective risk mitigation strategies, and a commitment to delivering value to stakeholders. 📊 Revenue Growth: The bank's impressive net profit is attributed to a substantial increase in income across various business segments. Revenue growth is driven by diversified revenue streams, innovative product offerings, and a focus on customer-centric solutions. 🌱 Strategic Initiatives: Prime Bank's success is a testament to its strategic initiatives aimed at driving sustainable growth and enhancing shareholder value. These initiatives include expanding market presence, investing in technology and digitalization, and optimizing operational efficiency. 🤝 Stakeholder Collaboration: The bank's strong performance is the result of collaborative efforts between management, employees, customers, and regulatory bodies. By fostering strong relationships and aligning interests, Prime Bank has created a conducive environment for growth and success. As Prime Bank continues its journey of excellence, stakeholders are optimistic about the bank's future prospects and its ability to maintain momentum in a dynamic and competitive banking landscape. 💼💰 #PrimeBank #FinancialPerformance #BankingExcellence

Winners of 2023 Bank Crisis Are Finding the New Spotlight Harsh LINK: https://lnkd.in/e_xM7UdF #BankingAndFinanceNews #Banking #Regulations Please Repost

Great article here from Andrew Cornell.