Finance

Ridhima Saxena
23 Sep 2021, 18:37

Srei Group may leave a $4 billion hole in some of India’s biggest banks

Srei Group may leave a $4 billion hole in some of India’s biggest banks

Srei Group may leave a $4 billion hole in some of India’s biggest banks

Most Srei Group’s lenders have either already recognised it as a non-performing account, or are planning to do so over the next three months. So...

Zoom nabs JPM banker - Citi DEI head's plans - BofA's new org chart
Jordan Parker Erb
23 Sep 2021, 16:30

Zoom nabs JPM banker - Citi DEI head's plans - BofA's new org chart

The top finance news for Sept. 23, including the latest on Zoom poaching one of JPMorgan's tech bankers, and BofA's new org chart.

The federal funds rate is the benchmark interest rate that affects borrowing costs across the US economy
Karen Fernandez
23 Sep 2021, 03:20

The federal funds rate is the benchmark interest rate that affects borrowing costs across the US economy

The federal funds rate is the interest banks charge each other for overnight loans. Set by the Federal Reserve, it's a basis for other interest rates.