Morgan Stanley (N:MS) said on Wednesday it will cover college expenses for 60 students at historically Black colleges and universities (HBCUs) in the banking industry’s latest attempt to address racial injustice after the death of George Floyd.
Banks that facilitated the U.S. government’s Paycheck Protection Program at first saw the effort as a small revenue booster with a patriotic bonus, shepherding $525 billion in loans to businesses slammed by the fallout of the COVID-19 pandemic.
Australian shares closed higher on Wednesday, supported by gains in financial and energy stocks, on hopes that the United States was nearing a deal on a stimulus package.
The share of foreign currency in the savings of Russians increased by 0.7 percentage points (p.p.)
Russian stock indices showed an upward trend by the end of trading on the Moscow Exchange on Tuesday.
Russia’s National Mercantile Exchange sold 3,105 tonnes of grain totally worth 36.5 mln rubles ($468,000) within state commodities interventions, the Exchange said in a statement on Tuesday.
The Bank of Russia sold 8.7 bln rubles ($112 mln) worth of foreign exchange on the domestic market with settlements on October 19 as part of preventive measures curbing volatility, the regulator reported on Tuesday.
Russian stocks opened lower on Tuesday as the MOEX index lost 0.3% to 2,785.99 points, while the RTS index went down by 0.43% to 1,130.26 points.
As of 10:06 am, the dollar was up by 0.08% trading at 77.72 rubles, while the euro was trading at 91.49 rubles (+0.11%).
- Euro exchange rate up above 92 rubles on Moscow Exchange (TASS Russian News Agency: 2020-10-20 10:43:29+00:00)
On Tuesday posted a 99% jump in third-quarter profit on heavy turnover in global markets, helping the bank to a strong performance in investment banking as well as an unexpected rise in earnings for wealth management.