Wednesday, July 10, 2024

BANKING

First Abu Dhabi Bank clarified it is not considering a stake in Yes Bank, contrary to media reports. Bloomberg had reported potential suitors, including Japanese firms, evaluating a $5 billion stake. Following the news, Yes Bank shares rose 8.5%. Additionally, Moody's upgraded Yes Bank’s outlook to ‘positive,’ reflecting expected profitability improvements.

from Banking/Finance-Industry-Economic Times https://ift.tt/B0DcEkz
via IFTTT

No comments:

Post a Comment