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SA banks to issue new loss-absorbing debt to prevent bailouts
- cnnnews
- September 13, 2024
- 0
South Africa’s largest banks will start issuing a new class of loss-absorbing debt, known as financial loss absorbing capacity (flac) instruments, from January, Moody’s Ratings reports. Designed to enable the orderly resolution of struggling banks, these instruments can convert to equity in a “bail-in” scenario, avoiding taxpayer bailouts. The central bank estimates that the top
Silver Price Prediction: Rising to mini-range highs, aided by bullish momentum
- cnnnews
- September 11, 2024
- 0
Silver is unfolding a bullish leg within a range. Upside is helped by bullish convergence between price and momentum. Silver (XAG/USD) is trading inside a broad range that stretches from the $26s to the $30s. Within that range it is oscillating within the confines of a smaller consolidation between roughly $27.70 and $29.20. Silver 4-hour
NCRTC unveils Meerut Metro at RRTS Depot, Duhai in UP’s Ghaziabad
- cnnnews
- September 7, 2024
- 0
Shalabh Goel, Managing Director of the NCRTC, said that the Meerut Metro will revolutionise the city’s transportation, enhancing connectivity, productivity, and overall quality of life. By PTI September 7, 2024, 8:38:10 PM IST (Published) The National Capital Region Transport Corporation (NCRTC) on Saturday (September 7) unveiled ‘Meerut Metro’ at RRTS Depot, Duhai in Ghaziabad, officials