A strong dollar, jumping global yields, sluggish economic growth and renewed inflation fears are putting investors from Poland to the Balkans on edge just as Donald Trump prepares to take over the presidency in the US. In dollar terms, local-currency […]
Korean fintech firm sees first profitable year in a decade, driven by growth in Toss Securities, commerce, and advertising. South Korean fintech company Toss is expected to achieve its first annual profit in 10 years since its founding in 2013. […]
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 […]
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