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 ...
Tag: Banks
Trump names Treasury Secretary Scott Bessent acting director of CFPB, as former head Chopra confirms he is out
Republican presidential nominee former President Donald Trump, left, listens as investor Scott Bessent speaks on the economy in Asheville, N.C., ...
Commerzbank posts 20% hike in annual profit and launches new share buyback as it wards off UniCredit
A "mild recession" is on the cards, according to Commerzbank CEO Manfred Knof.Picture Alliance | Picture Alliance | Getty ImagesCommerzbank ...
Trump Media surges after expansion into financial services including crypto and ETFs
Trump Media is expanding into financial services, including investment vehicles, the firm announced Wednesday.Shares of the Truth Social parent company, ...
Deutsche Bank shares drop 5% after quarterly profit falls, cost target scrapped
Germany's largest lender Deutsche Bank on Thursday reported weaker-than-expected profit that fell sharply in the last three months of 2024, ...
Italy’s Mediobanca rejects Monte dei Paschi’s ‘destructive’ 13-billion-euro takeover bid
The logo of a Mediobanca Premier bank branch in Brescia, Italy, on Friday, Jan. 24, 2025.Bloomberg | Bloomberg | Getty ...
SEC revokes unpopular banking rule that blocked Wall Street banks from adopting crypto
After years of lobbying by the crypto industry, the U.S. Securities and Exchange Commission has rescinded an accounting rule that ...
Trump just took a shot at Bank of America. Here’s what he’s talking about
President Donald Trump on Thursday accused the CEOs of the two largest American banks of refusing to serve conservatives, reviving ...
Wall Street banks prepare sale of up to $3 billion in X loans next week, sources say
Wall Street banks are getting ready to sell up to $3 billion of debt holdings in X, the social-media platform ...
American Express CFO says spending picked up at year-end, thanks to millennials and Gen Z
Silas Stein | Picture Alliance | Getty ImagesAmerican Express' affluent cardholders got comfortable spending more freely again late last year, ...
