Finance

Former Tesla executive Drew Baglino, who announced his resignation earlier this month, sold shares in the electric vehicle company worth around $181.5 million, according to a filing on Thursday with the SEC. Baglino, who joined Tesla in 2006, is selling about 1.14 million of his shares, […]

PARIS, April 25 (Reuters) – French President Emmanuel Macron called on Thursday for a revision of how Europe applies minimum capital rules to banks and insurers so that they are not too risk-averse and Europe is put at an economic […]

LONDON, April 26 (Reuters) – British bank NatWest’s (NWG.L), opens new tab first-quarter profit fell by a less than expected 27%, it said on Friday, with income squeezed by an increase in competition for savings, lending and mortgage products over the past […]

GDANSK, April 25 (Reuters) – Poland’s Alior Bank (ALRR.WA), opens new tab reported on Thursday a 58% yearly rise in net profit to 578.1 million zlotys ($142.9 million) on interest revenues from hedging instruments, growth of credit portfolio and securities. Net interest […]

The bank said profit fell 18% to $6.67 billion, or 76 cents a share; excluding a $700 million FDIC assessment, profit was 83 cents a share. Revenue slipped 1.6% to $25.98 billion as net interest income declined from a year […]

LONDON — Shares of Barclays rose 4% on Thursday after the bank reported first-quarter net income attributable to shareholders of £1.55 billion ($1.93 billion), beating expectations and returning the British lender to profit amid a major strategic overhaul. Analysts polled by Reuters […]

MOSCOW, April 25 (Reuters) – Russia’s second-largest bank VTB (VTBR.MM), opens new tab reported a 17% drop in first-quarter net profit to 122.4 billion roubles ($1.33 billion), CFO Dmitry Pyanov said, but expects to make record profits in 2024 as net fee […]

JAKARTA, April 24 (Reuters) – Chinese firm Ant Group’s Alipay+ has not formally requested a permit for operations in Indonesia, central bank deputy governor Filianingsih Hendarta told a news conference on Wednesday. “There has not been any formal request from […]

OSLO, April 23 (Reuters) – Shares in DNB (DNB.OL), opens new tab, Norway’s largest bank, fell 3% in early trade on Tuesday after it reported weaker than expected revenue from its core banking operation, even though the group’s bottom line beat […]

Saudi Arabia is expected to be the second fastest-growing economy in 2025, following closely behind India, according to a revised forecast from the International Monetary Fund (IMF). The IMF has bolstered its positive outlook for the Saudi Arabian economy by […]