Banks
HSBC to exit M&A and capital markets businesses in UK, Europe and the U.S.
Branch of HSBC bank on 15th January 2024 in London, United Kingdom. HSBC Bank plc is a British multinational banking and financial services organisation. HSBCs international network comprises around 7,500 offices in over 80 countries globally. (photo by Mike Kemp/In Pictures via Getty Images) Mike Kemp | In Pictures | Getty Images HSBC is preparing […]
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American Express CFO says spending picked up at year-end, thanks to millennials and Gen Z
Key Points American Express’ affluent cardholders got comfortable spending more freely again late last year, Chief Financial Officer Christophe Le Caillec told CNBC. Spending on AmEx cards jumped 8% year over year in the fourth quarter after slowing down from a 7% growth rate early in the year to 6% in the second and third […]
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Monte dei Paschi shares fall 6% after lender launches surprise 13-billion-euro bid for Mediobanca
Key Points Offering 23 of its shares for 10 of its acquisition target, Monte dei Paschi values Mediobanca’s stock at roughly €15.992 each, a 5% premium to the close price of Jan. 23. Monte dei Paschi, the world’s oldest bank, required a state rescue in 2017 after years of crippling losses, but has turned the […]
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Trump just took a shot at Bank of America. Here’s what he’s talking about
Key Points President Donald Trump on Thursday accused the CEOs of Bank of America and JPMorgan Chase of refusing to serve conservatives. Both banks deny the accusations, which Trump and others in his orbit have repeated in recent months. The accusations may have roots in allegations from state attorneys general last year. Source
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Trump slams trade relationship with European Union: ‘We have some very big complaints’
U.S. President Donald Trump on Thursday continued to take aim at the European Union for what he claims is an unequal trade relationship. “From the standpoint of America, the EU treats us very, very unfairly, very badly,” Trump said in a virtual address to the World Economic Forum in Davos, Switzerland. After his inauguration on […]
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Trump says he’ll ask Saudi Arabia to ’round out’ investment pledge in U.S. to $1 trillion
US President Donald Trump (L) speaks with Saudi Arabia’s Crown Prince Mohammed bin Salman (C) as Japanese Prime Minister Shinzo Abe (R), Indian Prime Minister Narendra Modi (2nd R) and Britain’s Prime Minister Theresa May smile during a family photo session at the G20 Summit in Osaka on June 28, 2019. (Photo by KIM KYUNG-HOON […]
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Our 5 top-performing portfolio stocks since December’s Monthly Meeting are tech free
It’s been a topsy-turvy start to 2025 for the stock market. Since the Club’s December Monthly Meeting, Wall Street has been barraged by headlines that sent equities seesawing down and then up. The S & P 500 wrapped up 2024 with a roughly 23% gain despite tumbling in the final four sessions of the year and […]
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Morgan Stanley CEO Ted Pick says bank will work with U.S. regulators on offering crypto
Morgan Stanley CEO Ted Pick said Thursday that his bank will be working with U.S. regulators to examine whether it can deepen its involvement in cryptocurrency markets. Pick was asked about his views on digital currencies under the pro-crypto Trump administration. On Tuesday, the acting head of the Securities and Exchange Commission launched an effort […]
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Can Trump force the hand of NATO allies to spend up to 5% of GDP on defense?
U.S. President Donald Trump attends a meeting with NATO Secretary General Jens Stoltenberg ahead of the NATO summit in Watford, in London, Britain, December 3, 2019. Kevin Lamarque | Reuters As U.S. President Donald Trump looks to immediately fix his greatest political and economic bugbears, the thorny issue of NATO defense spending is likely to […]
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‘Woke’ global left is starting to crumble, Argentina’s Milei says
President of Argentina Javier Milei speaks to lawmakers during the opening session of the Argentine Congress for the period 2024 on March 01, 2024 in Buenos Aires, Argentina. Tomas Cuesta | Getty Images News | Getty Images A “global hegemony” of left-wing politics and ideology is “starting to crumble,” Argentina’s firebrand President Javier Milei told […]
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