Shares of ICICI Bank Ltd (ADR) (NYSE:IBN) ended Monday session in red amid volatile trading. The shares closed down -0.07 points or -0.86% at $8.05 with 12.04 million shares getting traded. Post opening the session at $8.03, the shares hit an intraday low of $7.78 and an intraday high of $8.05 and the price vacillated in this range throughout the day. The company has a market cap of $23.33 billion and the numbers of outstanding shares have been calculated to be 5.82 billion shares.
ICICI Bank Ltd (ADR) (IBN) provides banking and financial services in India and internationally. It operates through Retail Banking, Wholesale Banking, Treasury, Other Banking, Life Insurance, General Insurance, and Others segments. The company offers savings, salary, pension, current, other accounts; and fixed, recurring, fixed, and security deposits. It also provides home, car, personal, gold, and commercial business loans, as well as loans against securities and other loans; business loans, such as cash credit/overdrafts for working capital requirement, export credit, term loans, letters of credit, and bank guarantees; and credit, debit, prepaid, travel, and corporate cards.
Shares of U.S. Bancorp (NYSE:USB) ended Monday session in green amid volatile trading. The shares closed up +0.39 points or 0.90% at $43.80 with 9.28 million shares getting traded. Post opening the session at $43.19, the shares hit an intraday low of $42.83 and an intraday high of $43.91 and the price vacillated in this range throughout the day. The company has a market cap of $74.23 billion and the numbers of outstanding shares have been calculated to be 1.72 billion shares.
On September 6, 2016 To reduce the barriers to equality in the St. Louis region, U.S. Bank is donating $20,000 and investing $2 million in the Urban League of Metropolitan St. Louis’ new Ferguson Empowerment Center planned for the site of the former gasoline station that burned during racial unrest.
The $5.8 million Ferguson Empowerment Center, which is under construction at the former QuikTrip at 9420 W. Florissant Ave., will house multiple nonprofit organizations, providing employment assistance and training, financial literacy and asset building, counseling services and entrepreneurship training.
U.S. Bancorp Community Development Corporation, a division of U.S. Bank, invested the $2 million in equity raised from New Markets Tax Credits provided by Heartland Regional Investment Fund. The funding was critical to enable the Urban League to achieve its vision of building a larger, 13,000-square-foot center–triple the size it originally planned.
“Our investment in this project with the Urban League demonstrates U.S. Bank’s commitment to providing an avenue for African-Americans, especially young people, to escape poverty and attain financial stability,” said Steve Kramer, senior vice president of USBCDC.
In addition to the Urban League’s Save Our Sons program, several other charitable and social service agencies plan to lease space to provide a range of services in the Ferguson Empowerment Center. Tenants include the Lutheran Church of Missouri, Better Family Life, the University of Missouri Extension, Provident Inc. and the Salvation Army.
The center will provide 65 construction jobs and 18 permanent jobs.
“This funding from U.S. Bank was essential for us to reach our goal of a larger building to house more agencies that could meet a greater range of needs not just in Ferguson but in surrounding municipalities and beyond,” said Michael P. McMillan, president and CEO of the Urban League. “We are grateful to U.S. Bank for this investment in our building and in our young people’s futures.”