Banks
Jamie Dimon warns 'all these very powerful forces' will impact U.S. economy in 2024 and 2025
Jamie Dimon, President & CEO,Chairman & CEO JPMorgan Chase, speaking on CNBC’s Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 17yth, 2024. Adam Galici | CNBC JPMorgan Chase CEO Jamie Dimon said he remains cautious on the U.S. economy over the next two years because of a combination of financial […]
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UBS CEO claims Swiss public 'indoctrinated' to stress about lender's equilibrium sheet
Sergio Ermotti, main government officer of UBS Group Stefan Wermuth | Bloomberg | Getty Visuals UBS CEO Sergio Ermotti on Wednesday stated individuals with considerations about the sizing of the bank’s harmony sheet are receiving “indoctrinated” by lecturers and must “do their homework.” UBS finished its takeover of Credit history Suisse in June 2023 after […]
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Goldman Sachs tops revenue estimates on better-than-expected asset management results
Goldman Sachs on Tuesday posted fourth-quarter results that topped analysts’ expectations on better-than-expected asset and wealth management revenue. Here’s what the company reported versus what Wall Street analysts surveyed by LSEG, formerly known as Refinitiv, expected: Earnings: $5.48 per share; it wasn’t immediately clear if that was comparable to the $3.51 estimate of analysts surveyed […]
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'We have a massive fiscal trouble': Banking team IIF seems the alarm on document world credit card debt
BEIJNG, CHINA – NOVEMBER 13: Illuminated skyscrapers stand at the central small business district at sunset on November 13, 2023 in Beijing, China. (Picture by Gao Zehong/VCG through Getty Photographs) Vcg | Visual China Team | Getty Visuals The chief govt of the Institute of Intercontinental Finance warned Tuesday that policymakers require to quickly deal […]
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CNBC Day-to-day Open: A seem across the Atlantic
Flags exhibited ahead of the Earth Financial Discussion board Once-a-year Assembly in Davos, Switzerland. Adam Galici | CNBC This report is from modern CNBC Each day Open, our worldwide marketplaces e-newsletter. CNBC Daily Open provides traders up to speed on anything they want to know, no issue where they are. Like what you see? You […]
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CNBC Day by day Open: Big Lender earnings issue to a grim period
(L-R) Brian Moynihan, Chairman and CEO of Lender of The us Jamie Dimon, Chairman and CEO of JPMorgan Chase and Jane Fraser, CEO of Citigroup testify throughout a Senate Banking Committee listening to at the Hart Senate Office Building on December 06, 2023 in Washington, DC. Win Mcnamee | Getty Images This report is from […]
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CNBC Everyday Open up: Major Lender earnings signal downbeat quarter
Traders do the job on the flooring of the New York Stock Trade (NYSE) in New York, U.S., on Monday, June 27, 2022. Michael Nagle | Bloomberg | Getty Images This report is from modern CNBC Every day Open, our new, intercontinental marketplaces e-newsletter. CNBC Day by day Open brings buyers up to speed on […]
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Wells Fargo posts higher fourth-quarter profit, helped by higher interest rates and cost cutting
Wells Fargo shares fell Friday even after fourth-quarter profit rose from a year ago, as the bank warned that net interest income for 2024 could come in significantly lower year over year. “As we look forward, our business performance remains sensitive to interest rates and the health of the U.S. economy, but we are confident […]
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Citigroup is cutting 10% of its workforce in CEO Jane Fraser’s corporate overhaul
CEO of Citigroup Jane Fraser testifies during a hearing before the House Committee on Financial Services at Rayburn House Office Building on Capitol Hill on September 21, 2022 in Washington, DC. Alex Wong | Getty Images Citigroup said it was cutting 10% of its workforce in a bid to help boost the embattled bank’s results […]
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Citigroup posts $1.8 billion fourth-quarter loss after litany of charges
Jane Fraser, CEO of Citigroup, attends a hearing on Annual Oversight of Wall Street Firms before the Senate Committee on Banking, Housing, and Urban Affairs in Washington, D.C., the United States, on Dec. 6, 2023. Tom Williams | Cq-roll Call, Inc. | Getty Images Citigroup reported fourth-quarter earnings before the opening bell Friday. Here’s what […]
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