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 ...
Tag: Banks
Bank of America shares fall after company reports lower fourth-quarter profit, hit by regulatory charge
Bank of America shares fell 1.1% Friday after the firm reported declining fourth-quarter earnings amid hefty one-time charges.Here's what the ...
Citigroup is cutting 10% of its workforce in CEO Jane Fraser’s corporate overhaul
Jane Fraser, Citi, at WEF, Davos, Jan. 17, 2023.Adam Galica | CNBCCitigroup said it was cutting 10% of its workforce ...
JPMorgan Chase is set to report fourth-quarter earnings. Here’s what the Street expects
Jamie Dimon, CEO of JPMorgan Chase, testifies during the Senate Banking, Housing and Urban Affairs Committee hearing titled Annual Oversight ...
Citigroup at risk of quarterly loss after charges come in far higher than initially disclosed
Jane Fraser CEO, Citi, speaks at the 2023 Milken Institute Global Conference in Beverly Hills, California, May 1, 2023.Mike Blake ...
Fat Cat Thursday: UK CEO pay already exceeds average worker salary for the year
Skyscrapers in the Canary Wharf financial, business and shopping district in London, UK.Bloomberg | Bloomberg | Getty ImagesThe average FTSE ...
‘Bonds are back’ as markets enter a ‘new paradigm,’ says HSBC Asset Management
The HSBC Holdings Plc headquarters building in Hong Kong, China.Paul Yeung | Bloomberg | Getty ImagesLONDON — Markets have entered ...
Watch: ECB President Christine Lagarde speaks after rate decision
European Central Bank President Christine Lagarde is due to give a press conference following the bank's latest monetary policy decision.The ECB ...
Swiss regulator calls for more powers after Credit Suisse collapse
Axel Lehmann, chairman of Credit Suisse Group AG, Colm Kelleher, chairman of UBS Group AG, Karin Keller-Sutter, Switzerland's finance minister, ...
Universal banks on ‘Migration’ to expand its animation lead over Disney
Universal and Illuminations latest animated film centers on a family of ducks who decides to leave the safety of a ...
