Dow Jones

Banks cut consumer loans by a quarter in 2020

MOSCOW, 20 Jan – PRIME. Russian banks in the past year issued 14.57 million consumer loans, which is 25.9% less than a year earlier, according to a study by the National Bureau of Credit Histories (NBCH). Banks sharply reduced loan approval “According to 4 thousand lenders transmitting information to National Bureau of Credit Histories (NBCH), in 2020, 14.57 million consumer loans…
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Bitcoin drops to $ 35 thousand

MOSCOW, 20 Jan – PRIME. The most popular cryptocurrency, bitcoin, is relatively moderately cheaper on Wednesday morning, trading above the $ 35 thousand mark, according to trading data. Ethereum price has renewed its historical maximum According to the CoinMarketCap portal, which calculates the average price for more than 20 exchanges, as of 10.10 Moscow time the cost bitcoin falls 5.23% to…
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Dow Jones

Russians are buying video cards amid cryptocurrency boom

MOSCOW, 20 Jan – PRIME. Experts of the online service “Yandex.Market” recorded an abnormally high demand for video cards for crypto-mining, in early December the number of transitions to offers for their sale increased by almost 70%, the press service of the service told RIA Novosti. Gold or cryptocurrency? That will grow in 2021 As the CEO and founder of the largest crypto…
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Dow Jones

Bank of America Net Profit Down 34.7% In 2020

MOSCOW, 19 Jan – PRIME. Bank of America Corp. (BofA) in 2020 amounted to $ 17.894 billion, down 34.7% from the previous year, according to the bank’s statements. Bank of America named the most promising Russian stocks for 2021 Diluted earnings per share were $ 1.87 against $ 2.75 in 2019. The bank’s revenue, net of interest expenses, for the reporting period amounted to $…
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