The U.S. Federal Reserve should exercise patience with its next interest rate move to account for the chance of inflation rising again in a turbulent world, JP Morgan Chase (JPM.N), opens new tab CEO Jamie Dimon said in a media interview published […]
As falling interest rates compress lending margins and dent bonds’ appeal, Italian banks are seizing the moment to woo retail savers back to higher-fee investment products they deserted in favour of government debt when rates were peaking. UniCredit’s (CRDI.MI), opens new […]
Morgan Stanley’s (MS.N), opens new tab profit rose in the second quarter as investment banking activity rebounded. Its net income rose to $3.1 billion, or $1.82 per share, in the three months ended June 30, the bank said on Tuesday. That compares […]
Vanquis Banking Group (VANQ.L), opens new tab on Tuesday warned investors it did not expect to meet its goal to deliver a low single-digit return on tangible equity for its full year, as it tackles an in-depth balance sheet review and challenging […]
Bank of America’s (BAC.N), opens new tab profit fell in the second quarter as its income from interest on loans shrank and it set aside more money to cover potential credit losses. A better-than-expected forecast for fourth-quarter net interest income (NII), however, […]
Europe needs a system to set prices for critical minerals needed for the energy transition that is not dependent on China, which dominates much of the global sector, the head of an EU-funded group said. Oversupply and weak prices of […]
European shares moved lower on Monday after a raft of dour updates from companies made investors, already jittery from the assassination attempt on U.S. presidential candidate Donald Trump, more cautious. The continent-wide STOXX 600 (.STOXX), opens new tab was down 0.1% as […]
Deutsche Bank (DBKGn.DE), opens new tab is expected to post a loss for the second quarter, according to a consensus forecast published on Monday, as a protracted investor lawsuit over its Postbank division threatens to erode earnings. Any loss at Germany’s largest […]
Financial institutions snapping up Chinese government bonds are basically shorting the Chinese economy, China’s central bank-backed Financial News reported on Saturday, citing what it said were the views of industry sources and experts. The report is the latest warning to […]
Australia’s ANZ Group (ANZ.AX), opens new tab plans to “get to the bottom” of allegations of misconduct that have been raised against its bond trading operations and will hold people accountable for any wrongdoing, its CEO said in an email to staff. […]
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