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Bengaluru, India – At a chemist in the upmarket neighbourhood of Koramangala in Bengaluru, India, owner Ram Narain anxiously asked one of his workers to check stocks of a long list of medicines scribbled on a sheet of paper. “China’s worst COVID outbreak may lead to delays and higher prices, which could stall recovery and further add to global inflation,” …
Mainstream banks outside the U.S. are sampling cryptocurrencies, offering customers ways to invest and store bitcoin and other digital assets. Banco Bilbao Vizcaya Argentaria SA—Spain’s second-largest lender by assets, with operations in Latin America and Turkey—allows customers to hold, buy and sell bitcoin and ether through a digital account. Traditional banks have resisted offering retail customers anything other than assets …
NEW YORK — PNC Financial Services Group Inc. said Monday it is buying the U.S. subsidiary of Spain’s BBVA bank for $11.6 billion in cash. BBVA’s U.S. operations, which are based in Houston, Texas, have $104 billion in assets and operate 637 branches, mainly in the south and southwest of the country. “Our acquisition of BBVA USA will accelerate our …
Small business owners feelthey’re in a race for their livelihoods.When they learned $349 billion in forgivable loans would be paid out on a first-come,first-served basis, they made a mad dash to apply the day the program opened. He has spent days trying to apply for separate PPP loans for each restaurant at Chase Bank.On Tuesday afternoon,Chase sent him an email …
