Banks
HSBC beats anticipations in to start with quarter earnings Group CEO Noel Quinn to retire
The HSBC Keeping emblem is remaining exhibited on a smartphone with HSBC obvious in the background in this photo illustration taken in Brussels, Belgium, on February 20, 2024. Jonathan Raa | Nurphoto | Getty Illustrations or photos HSBC conquer expectations in its very first quarter earnings report on Tuesday. Earnings came in at $20.8 billion, […]
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Barclays swings back to income in 1st quarter amid strategic overhaul
Signage shines by way of a window reflecting Barclays head business in Canary Wharf, London, U.K. Bloomberg | Getty Illustrations or photos LONDON — Barclays on Thursday noted initially-quarter web money attributable to shareholders of £1.55 billion ($1.93 billion), beating anticipations and returning the British lender to income amid a key strategic overhaul. Analysts polled by Reuters […]
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Deutsche Bank reviews 10% profit rise in to start with quarter, beating expectations
The Deutsche Financial institution AG headquarters in the economical district of Frankfurt, Germany, on Thursday, Feb. 1, 2024. Bloomberg | Bloomberg | Getty Photos Deutsche Bank on Thursday noted 1.275 billion euros ($1.365 billion) in net profit attributable to shareholders in the initially quarter, marking a 10% annual enhance. Analysts experienced forecast a end result […]
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JPMorgan Chase is caught in U.S-Russia sanctions war following abroad court docket orders $440 million seized from lender
JPMorgan Chase CEO and Chairman Jamie Dimon gestures as he speaks during the U.S. Senate Banking, Housing and City Affairs Committee oversight hearing on Wall Street firms, on Capitol Hill in Washington, U.S., December 6, 2023. Evelyn Hockstein | Reuters A Russian court sided with state-operate financial institution VTB Lender in its endeavours to recoup […]
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UBS chair suggests Swiss banking giant is not ‘too massive to fail’
Fabrice Coffrini | Afp | Getty Illustrations or photos UBS Group Chairman Colm Kelleher on Wednesday mentioned that the Swiss bank is “not also massive to fall short,” as he criticized Swiss authorities proposals to bolster its cash specifications. Kelleher was delivering a speech during the UBS Annual Typical Meeting — the very first this […]
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Walmart-backed fintech One introduces buy now, pay later as it prepares bigger push into lending
Customers shop in a Walmart Supercenter on February 20, 2024 in Hallandale Beach, Florida. Joe Raedle | Getty Images News | Getty Images Walmart’s majority-owned fintech startup One has begun offering buy now, pay later loans for big-ticket items at some of the retailer’s more than 4,600 U.S. stores, CNBC has learned. The move puts […]
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Vietnam mounts ‘unprecedented’ $24 billion rescue for lender engulfed in huge fraud, paperwork exhibit
Vietnamese property tycoon Truong My Lan, heart, appears to be on at a court docket in Ho Chi Minh Metropolis on April 11, 2024. STR | AFP | Getty Pictures Vietnam has mounted an “unprecedented” rescue of Saigon Joint Stock Professional Financial institution, a loan company engulfed in the nation’s greatest financial fraud, according to […]
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Lagarde claims ECB will reduce prices shortly, barring any main surprises notes ‘extremely attentive’ to oil
European Central Financial institution President Christine Lagarde on Tuesday mentioned the central lender stays on course to slice fascination rates in the in close proximity to expression, subject matter to any big shocks. Lagarde explained the ECB would watch oil prices “very intently” amid elevated fears of a spillover conflict in the Middle East. However, […]
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Morgan Stanley tops expectations on wealth management, trading and advisory results
Ted Pick, CEO Morgan Stanley, speaking on CNBC’s Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 18th, 2024. Adam Galici | CNBC Morgan Stanley on Tuesday posted results that topped analysts’ estimates for profit and revenue as wealth management, trading and investment banking exceeded expectations. Here’s what the company reported: […]
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Bank of America tops estimates on better-than-expected interest income, investment banking
Bank of America Chairman and CEO Brian Thomas Moynihan testifies during a Wall Street oversight hearing by the Senate Banking, Housing, and Urban Affairs committee on Capitol Hill in Washington, DC, December 6, 2023. Saul Loeb | AFP | Getty Images Bank of America on Tuesday reported first-quarter earnings that topped analysts’ estimates for profit […]
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