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HSBC downgrades JPMorgan Chase, adopts 'a more cautious stance' on bank stocks

CNBC: Investing

"To us, upside to JPMorgan's share price from current levels over a multi-year period would seem to require a paradigm shift on how banks are valued," he added. The analyst noted a "more cautious stance" on larger banks like JPMorgan and Goldman Sachs over what he said is a still choppy macroeconomic backdrop.

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JPMorgan upgraded by KBW one day after downgrade at other firm knocked stock

CNBC: Investing

" The bullish call at KBW contrasts with a downgrade of JPMorgan by HSBC, which said it was adopting a "more cautious stance" on large-cap banks, including others such as Goldman Sachs , citing a turbulent macroeconomic landscape. Shares of all four banks were marginally higher premarket Wednesday following the KBW call.

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Coinbase is the 'most misunderstood' crypto stock and can rally nearly 50%, Bernstein says

CNBC: Investing

"Coinbase is the most misunderstood company in our Crypto coverage universe. Despite multiple growth levers, consensus remains bearish on the largest Crypto universal bank," he wrote. Shares of Coinbase closed at $344.82 Tuesday afternoon, meaning Chhugani's revised target represents upside of approximately 48%.

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RBI rejects 3 'not suitable' applications for setting small finance banks

Business Standard - FInance

The Reserve Bank of India has rejected three applications, including the of West End Housing Finance, for setting up small finance banks. These applications were found not suitable for granting of in-principle approval to set up small finance banks, it said in a statement on Tuesday.

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Mizuho set to merge European banking and securities businesses

The TRADE

Mizuho Financial Group is planning a restructure of its European Union (EU) banking and securities businesses, bringing them together under one umbrella as a Universal Bank, subject to approval from regulators. The move is set to enhance the banks products and services within the highly competitive EU market.

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BBVA head of FX sales departs for Lloyds Bank North America

The TRADE

Will Irwin has been appointed director of FX institutional sales at Lloyds Bank North America, following his departure from Banco Bilbao Vizcaya Argentaria (BBVA) where he had been serving in a similar role. The post BBVA head of FX sales departs for Lloyds Bank North America appeared first on The TRADE.

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People Moves Monday: Northern Trust, Lloyds Bank North America and more…

The TRADE

He originally joined the bank in 2006 in a securities lending role. Will Irwin was appointed director of FX institutional sales at Lloyds Bank North America, following his departure from Banco Bilbao Vizcaya Argentaria (BBVA) where he had been serving in a similar role.