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USB type-C Market to Witness a CAGR of 29% through 2030, North America Continues to Dominate the Market – Future Market Insights – Press Release

USB type-C Market to Witness a CAGR of 29% through 2030, North America Continues to Dominate the Market – Future Market Insights – Press Release

Adoption and use by major industries and unique design of the port has pulled the focus of buyers and manufacturers. North America will witness major profit in the coming years.

DUBAI, UAE / ACCESSWIRE / October 14, 2020 / The usb type c market is expected to expand at a CAGR of 29% through the forecast period (2020-2030) across the globe. Telecommunication and electronics will help the market witness significant growth in the near future. COVID-19 has fuelled the demand as sales have experienced enough profit. Though major challenges like limited use or heat dissipation will affect the market yet a steady growth will be noticed.

Small and medium enterprises or growing demand by retailers and manufacturers, is motivating revenue generation due to adoption of port. Improving data transfer speed and high quality streaming videos is attracting consumers, thereby, enhancing market growth.,” states the FMI Analyst.

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USB type-C Market – Key Highlights

  • On the basis of application, smartphones and tablets hold maximum market share due to increased sale.
  • Global market is expected to surpass US$ 7.9 billion with a CAGR of 29% through 2030.
  • Demand for HDMI segment will witness maximum profit in the near future.
  • On the basis of region, North America has taken the spotlight with almost 1/3rd of the total market share.

USB type-C Market – Driving Factors

  • Wide applications and adoption of USB type-C in e-commerce and retails industries and automotive sectors is driving the market.
  • Automotive, telecommunication and healthcare industry is gaining pace in the developing economies and contributing to the economy.
  • Digital cameras, laptops, smartphones, tablets and TV is said to be the most lucrative end-use segment of all.
  • Use by drivers, passengers,
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Bank of America joins peers in improving economic outlook

Bank of America joins peers in improving economic outlook

A stabilising US economy helped Bank of America report a bounce in third-quarter earnings, as credit costs fell towards pre-pandemic levels.

Net income of $4.9bn, or 51 cents per share, compared with $3.5bn in the second quarter, and $5.8bn in the same period in 2019. Wall Street analysts had expected 49 cents a share.

The key factor in the rebound was a big decline in provision for bad loans, at $1.4bn, down from $5.1bn the quarter before, following a trend set by JPMorgan Chase and Citigroup when they reported results on Tuesday.

Total revenue at the bank, at $20.3bn, was slightly short of what analysts had expected, and reflected continued pressure on margins as a result of falling interest rates. Net interest margin — the difference between the bank’s funding costs and its lending yields — was 1.7 per cent in the quarter, down from 2.4 per cent the year before.

The bank’s capital markets operations showed softer growth than JPMorgan and Citigroup, with fixed-income trading revenues increasing slightly from the year before and equities trading rising by 6 per cent. Investment banking fees were up 15 per cent from the year before.

BofA shares have fallen by 29 per cent year to date, slightly outperforming US banking indices.

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Bank of America Reports Third-Quarter 2020 Financial Results

Bank of America Reports Third-Quarter 2020 Financial Results

Bank of America reported its third-quarter 2020 financial results today. The news release, supplemental filing and investor presentation can be accessed in the following ways:

This press release features multimedia. View the full release here:

Investor Conference Call information:
Chief Executive Officer Brian Moynihan and Chief Financial Officer Paul Donofrio will discuss the financial results in a conference call at 8:30 a.m. ET today. For a listen-only connection to the conference call, dial 1.877.200.4456 (U.S.) or 1.785.424.1732 (international), and the conference ID is 79795.

Please dial in 10 minutes prior to the start of the call. Investors can also listen to a live audio webcast of the conference call and view the presentation slides by visiting the “Events and Presentations” section of the company’s Investor Relations website.

Replay information for Investor Conference Call:
Investors can access replays of the conference call by visiting the Investor Relations website or by calling 1.800.934.4850 (U.S.) or 1.402.220.1178 (international) from noon ET on October 14, through 11:59 p.m. ET on October 23.

Bank of America
Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 66 million consumer and small business clients with approximately 4,300 retail financial centers, including approximately 2,900 lending centers, 2,500 financial centers with a Consumer Investment Financial Solutions Advisor and approximately 2,300 business centers; approximately 17,000 ATMs; and award-winning digital banking with approximately 39 million active users, including approximately 31 million mobile users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments,

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Citizens Financial Group to Participate at the Bank of America Future of Financials Virtual Conference 2020

Citizens Financial Group to Participate at the Bank of America Future of Financials Virtual Conference 2020

Citizens Financial Group, Inc. (NYSE: CFG) announced today that Vice Chairman and Chief Financial Officer John Woods and President of Consumer Lending Eric Schuppenhauer will participate at the Bank of America Future of Financials Virtual Conference 2020 on Tuesday, November 10, 2020 at 8:50 am ET.

The live webcast will be available at under Events & Presentations.

About Citizens Financial Group, Inc.

Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $179.9 billion in assets as of June 30, 2020. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. Citizens helps its customers reach their potential by listening to them and by understanding their needs in order to offer tailored advice, ideas and solutions. In Consumer Banking, Citizens provides an integrated experience that includes mobile and online banking, a 24/7 customer contact center and the convenience of approximately 2,700 ATMs and approximately 1,000 branches in 11 states in the New England, Mid-Atlantic and Midwest regions. Consumer Banking products and services include a full range of banking, lending, savings, wealth management and small business offerings. In Commercial Banking, Citizens offers a broad complement of financial products and solutions, including lending and leasing, deposit and treasury management services, foreign exchange, interest rate and commodity risk management solutions, as well as loan syndication, corporate finance, merger and acquisition, and debt and equity capital markets capabilities. More information is available at or visit us on Twitter, LinkedIn or Facebook.


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Media: Peter Lucht – 781.655.2289
Investors: Kristin Silberberg – 203.900.6854

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How Digital Technology Could Lead The ‘New Business Normal’ In Latin America

How Digital Technology Could Lead The ‘New Business Normal’ In Latin America

Managing Director & Founder of the Biz Latin Hub Group.

The most significant technological advancements that currently shape our society and economy have emerged from challenging times. The internet, for example — without which our daily life as we know it would be possible — emerged in light of the Cold War, after the United States Advanced Research Projects Agency (ARPA) and MIT scientists invented a method to prevent communications from being affected in the event of an attack.

According to the UN, a report from the Economic Commission for Latin America and the Caribbean found that the Covid-19 pandemic is expected to result in the loss of 8.5 million jobs in Latin America and the Caribbean. It has produced new realities through which life and business have managed to get ahead. Digital technology has proven to be the great ally of humanity, facilitating the adaptation of economies and businesses to the “new normal,” a term that is commonly overused and yet mostly still unknown.

Currently, I expect the technology sector in Latin America to grow considerably, as it appears to be a key solution for businesses to evolve with changing social and economic contexts brought about by this pandemic. Technology stands as an industry that could lead the region’s “new business normal.”

The digital revolution is a call for Latin American business resilience.

After governments in the region announced measures to counteract the contagion of the virus, companies of all sizes have reportedly started realizing the importance of digital technology for applications like e-commerce. Technology enables them to adapt to a new business ecosystem in which interacting with clients can no longer be the same.

As I expected, the industries of e-commerce, streaming services, online education and health, food delivery and technological financial services (fintech) have grown

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