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UBS has lowered its price target for Union Pacific stock to $245 from $255, maintaining a Neutral rating, as concerns grow over potential softening in industrial markets and inflation costs outpacing revenue gains. The 2025 EPS estimate has been revised down from $11.80 to $11.60, reflecting broader industry challenges. Despite these adjustments, Union Pacific continues to show financial strength, including a $1.5 billion stock buyback and a tentative labor agreement that enhances employee benefits.
Commerzbank AG has announced plans to stabilize a EUR 3 billion bond issuance by Kreditanstalt fuer Wiederaufbau (KfW), guaranteed by the German government. The bond, maturing in January 2035, will be supported by Commerzbank, Barclays Bank, DZ Bank, and UBS, with stabilization efforts set to begin on April 1, 2025, lasting up to 30 days.
Kazakhstan's Kaspi.kz has agreed to acquire the Turkish operations of Rabobank, a Netherlands-based agricultural bank, pending regulatory approval. Rabobank A.Ş., established in 2013, is a small player in Turkey's banking sector with total assets of 1.9 billion Turkish Liras and operates a single branch with 27 employees. This acquisition follows Kaspi's previous purchase of a controlling stake in Turkish e-commerce firm Hepsiburada.
Kazakhstan's largest e-commerce group, Kaspi.kz, has agreed to acquire Rabobank's Turkish subsidiary, which is a fully licensed bank in Türkiye with no borrowing or depositing clients and a single branch. The acquisition, announced on March 27, is pending regulatory approval and is considered non-material. Rabobank's Turkish operations, established in 2013, are the 40th largest lender in the Turkish banking sector, with assets of 1.9 billion Turkish Liras as of the end of 2024.
Barclays Bank PLC is set to establish a new brokerage firm, Barclays Securities Inc., in Türkiye, following approval from the Capital Markets Board (CMB). This marks the bank's return to the Turkish market after a significant absence and is seen as a positive development for the local financial landscape. The CMB has been actively promoting the formation of new brokerage firms, having previously authorized two others owned by leading Turkish banks.
A federal court dismissed a lawsuit against Barclays Bank PLC by short-seller Michael Puchtler, who claimed fraud related to volatility-linked VXX securities. Judge Lewis J. Liman ruled that Puchtler failed to demonstrate fraudulent intent or that his losses were caused by fraud, ending the case definitively.
Barclays Bank PLC has announced a capital infusion of over Rs 2,300 crore (£210 million) into its India operations, reinforcing its commitment to the country as a key growth market. This investment follows a previous infusion of Rs 3,000 crore (£300 million) in 2021, bringing Barclays' total capital in India to over Rs 12,400 crore (£1,100 million). The new funds will enhance the bank's ability to serve corporate clients, financial sponsors, and ultra-high-net-worth individuals.
Barclays Bank has announced a capital infusion of Rs 2,300 crore into its Indian operations, reinforcing its long-term commitment to the country’s growing economy. This investment will enhance the bank's balance sheet and facilitate expansion among corporate clients and ultra-high-net-worth individuals. With this latest injection, Barclays' total investment in India exceeds Rs 12,400 crore.
Barclays Bank has announced a capital infusion of Rs 2,300 crore into its India operations, reinforcing its long-term commitment to the country’s growing economy. This investment will enhance the bank's balance sheet and facilitate expansion across investment and private banking sectors, targeting corporate clients and ultra-high-net-worth individuals. With this latest injection, Barclays' total investment in India exceeds Rs 12,400 crore, reflecting the country's attractive business opportunities.
Barclays Bank Plc has announced a ₹2,300 crore investment in its India operations to strengthen its balance sheet and expand its client base. This move underscores the bank's commitment to India, a key market for growth, following a previous ₹3,000 crore capital injection in 2021. Barclays aims to enhance its services, including financial advisory and lending, particularly for Ultra High Networth Individuals.
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