Citigroup (C) earnings Q3 2022
[ad_1] Citigroup said Friday that its third-quarter earnings fell 25% as it bulked up its credit loss provisions and investment banking slumped. However, Citi shares ticked up 0.65% as revenue…
MS (Morgan Stanley) earnings 3Q 2022
[ad_1] Morgan Stanley CEO James Gorman participates in a conversation-style interview with Economic Club of Washington in Washington September 18, 2013. Yuri Gripas | Reuters Morgan Stanley on Friday posted…
MS (Morgan Stanley) earnings 3Q 2022
[ad_1] Morgan Stanley CEO James Gorman participates in a conversation-style interview with Economic Club of Washington in Washington September 18, 2013. Yuri Gripas | Reuters Morgan Stanley on Friday posted…
N26 losses widen after ramping up spending on fraud controls
[ad_1] The logo of German online bank N26 displayed on a smartphone. Thomas Trutschel | Photothek via Getty Images German mobile bank N26 reported Tuesday a sharp rise in annual…
Credit Suisse to buy back $3 billion in debt, sell hotel as credit fears persist
[ad_1] Signage hangs over the entrance of a Credit Suisse Group AG branch in Zurich, Switzerland, on Sunday, Sept. 25, 2022. Inflation in Switzerland has more than doubled since the…
Mortgage mayhem sparks fears of a housing market crash in Britain
[ad_1] U.K. mortgage rates have skyrocketed since Finance Minister Kwasi Kwarteng’s mini-budget on Sept. 23, prompting banks to pull mortgage products threatening a deepen an expected housing market downturn. Dan…
Credit Suisse to remain ‘under pressure’ but analysts wary of Lehman comparison
[ad_1] A Swiss flag flies over a sign of Credit Suisse in Bern, Switzerland FABRICE COFFRINI | AFP | Getty Images Credit Suisse shares briefly sank to an all-time low…
Credit Suisse seeking to assure investors amid financial concerns: FT
[ad_1] A Swiss flag flies over a sign of Credit Suisse in Bern, Switzerland FABRICE COFFRINI | AFP | Getty Images Credit Suisse executives are in talks with the bank’s…
Pension fund panic led to Bank of England’s emergency intervention
[ad_1] LONDON – The Bank of England launched a historic intervention to stabilize the U.K. economy, announcing a two-week purchase program for long-dated bonds and delaying its planned gilt sales…
HSBC warns investors to avoid European stocks
[ad_1] Fog shrouds the Canary Wharf business district including global financial institutions Citigroup Inc., State Street Corp., Barclays Plc, HSBC Holdings Plc and the commercial office block No. 1 Canada…
Wall Street slump leads to 50% plunge in JPMorgan advisory revenue
[ad_1] Daniel Pinto, JPMorgan’s chief executive of corporate and investment bank. Simon Dawson | Bloomberg | Getty Images The deal-making slowdown that has weighed on Wall Street this year shows…
Goldman Sachs to kick off Wall Street layoff season with hundreds of job cuts this month
[ad_1] People enter the Goldman Sachs headquarters building in New York, U.S., on Monday, June 14, 2021. Michael Nagle | Bloomberg | Getty Images Goldman Sachs is planning on cutting…
Goldman’s (GS) Apple Card business has a surprising subprime problem
[ad_1] The weakest American borrowers are starting to miss payments and default on their loans, and that is showing up at a surprising place: Goldman Sachs. While competitors like Bank…
JPMorgan (JPM) fintech deal to acquire Renovite to battle Stripe and Block
[ad_1] The main entrance at JPMorgan’s headquarters in New York City. Erik McGregor | LightRocket | Getty Images JPMorgan Chase has agreed to acquire a payments startup called Renovite to…
Britain’s banks told to tackle wealth inequality despite one-off payments
[ad_1] LONDON — Britain’s financial sector is being urged to do more to help workers struggling with the cost-of-living crisis, despite a slew of top banking names providing one-off payments…
Goldman Sachs to lift vaccination, Covid-19 requirements in most offices next month
[ad_1] Pavlo Gonchar | LightRocket | Getty Images Goldman Sachs said Tuesday it will lift all its Covid-19 requirements in most offices beginning Sept. 6, in response to new guidance…
Citi projects UK inflation to breach 18% in January as energy prices skyrocket
[ad_1] Citigroup said it had identified the cause of the flash crash and corrected the error “within minutes.” Jim Dyson | Getty Images News | Getty Images LONDON — U.K.…