Bank of America CEO on inflation impact on U.S. economy: ‘Rates are going to stay where they are’
Bank of America CEO Brian Moynihan said Wednesday that strong consumer spending so far this year means the Federal Reserve ...
Tag: Banks
Germany’s second-largest lender Commerzbank to cut 3,900 jobs as it unveils new targets
Germany's second-largest lender Commerzbank on Thursday announced it will eliminate 3,900 full-time positions by 2028, largely in its native Germany, ...
Barclays shares sink 6% despite fourth-quarter profit hike as 2025 guidance fails to impress
Chris Ratcliffe | Bloomberg | Getty ImagesShares of British bank Barclays sank in early Thursday trade, after the lender's forward ...
CFPB’s new leadership begins staff purge with dozens of employees terminated
Acting director of the Office of Management and Budget Russell Vought speaks with reporters during a press briefing at the ...
Zelle payments top $1 trillion in 2024 as network’s growth outpaces rivals including PayPal
The Zelle icon is displayed on a phone screen.Jakub Porzycki | Nurphoto | Getty ImagesZelle, the payments network run by ...
Italy’s UniCredit guides 2025 revenue slowdown after fourth-quarter profit beat
Italy's second-largest lender UniCredit on Tuesday posted a fourth-quarter profit beat, but guided a slight slowdown in 2025 revenues amid ...
Consumer Financial Protection Bureau staff told to work remotely as headquarters is shuttered
Office of Management and Budget (OMB) Acting Director Russell Vought speaks with reporters during a press briefing at the White ...
Bank stocks pop after Fed releases ‘easier’ 2025 stress test, plans to make exam more predictable
Jane Fraser, CEO of Citi, speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 1, 2023. Patrick ...
Trump 2.0 may create powerful tailwinds for two vastly different groups: big banks and small caps
The Trump administration may create powerful tailwinds for two vastly different market groups: Big banks and small cap stocks.In the ...
UBS shares retreat 6% as fourth-quarter profit beat, $3 billion buyback fail to impress
UBS shares lost ground after the lender's fourth-quarter results and up to $3 billion share buyback plans failed to impress.Switzerland's ...
