Lender Banco do Brasil posts 8% rise in second-quarter adjusted profit
State-controlled lender Banco do Brasil (BBAS3.SA), opens new tab reported on Wednesday 8.2% year-on-year growth in its second-quarter adjusted net profit. The bank posted […]
Traders lose billions on big volatility short after stocks rout
A wager that stock markets would stay calm has cost retail traders, hedge funds and pension funds billions after a selloff in […]
US consumer watchdog probes major US banks over Zelle scam, WSJ reports
The Consumer Financial Protection Bureau is investigating major U.S. banks for their handling of customer funds on the peer-to-peer payments platform Zelle […]
UK wealth manager Quilter’s half-year profit beats forecasts
British wealth manager Quilter (QLT.L), opens new tab beat half-year earnings forecasts on Wednesday and reported stronger net inflows of cash, as more wealthy […]
ABN Amro cautious on NII growth into 2025 amid expected rates decrease
Dutch lender ABN Amro (ABNd.AS), opens new tab said on Wednesday it does not see a significant positive trend in net interest income into […]
Lender Itau Unibanco reports higher profit, credit acceleration
Brazil’s Itau Unibanco (ITUB4.SA), opens new tab, Latin America’s largest private lender, on Tuesday posted second-quarter profit that was up 15.2% from a […]
Citigroup wealth executive hired from BofA leaves after months, source says
A Citigroup (C.N), opens new tab executive who joined the bank from Bank of America (BAC.N), opens new tab in April is leaving Citi, one source […]
Tech sell-off creates opportunities to buy cheaper, HSBC Wealth CIO says
The sharp sell-off in tech stocks has created opportunities to buy into profitable companies at a cheaper price, the chief investment officer of HSBC’s […]
Online brokerages Futu, UP Fintech suspend night trading of U.S. stocks
Online brokerages Futu Holdings and UP Fintech Holding , known for helping Chinese investors buy global stocks, have told clients that night […]
Italy’s Monte dei Paschi lifts guidance as turnaround strategy yields results
State-owned Italian bank Monte dei Paschi di Siena (BMPS.MI), opens new tab on Tuesday raised its profit outlook and dividend payout goal through 2028, […]
India’s road-building authority aims to monetise up to $2.4 bln of assets in 2024/25
India’s highways authority said on Tuesday it plans to monetise up to $2.4 billion worth of road projects in the current fiscal […]
Top UK lenders could be wound down in a crisis without bailouts, BoE checks show
Britain’s top eight banks including HSBC, Barclays, Lloyds and NatWest could be wound down in a crisis without the immediate need for […]