Bank of America profit falls on lower customer interest payments
April 16 (Reuters) – Bank of America’s (BAC.N), opens new tab first-quarter profit fell as its consumer division weakened and the lender wrote off […]
HSBC lays off at least a dozen Asia dealmakers amid weaker activities,
HONG KONG, April 16 (Reuters) – HSBC (HSBA.L), opens new tab is laying off more than a dozen of its investment banking staff in […]
Russia’s External Debt Drops to $304B in Q1 2024 – Central Bank
Russia’s overseas debt fell by $12.8B, or 4.1%, to $304B in the first quarter of 2024, according to a statement on the […]
BlackRock assets hit record $10.5 trillion as markets surge
April 12 (Reuters) – Assets at BlackRock (BLK.N), opens new tab hit a record $10.5 trillion in the first quarter and the firm posted […]
UBS could need $10 bln-$15 bln in extra capital to meet new Swiss rules, analyst says
ZURICH, April 11 (Reuters) – UBS (UBSG.S), opens new tab might need to retain $10 billion to $15 billion in excess capital after Switzerland’s […]
Fed likely to cut rates before ECB blinks, former BOE member says
The U.S. Federal Reserve is likely to cut interest rates before the European Central Bank does, a former member of the Bank of England said, defying current market […]
HSBC to accelerate China wealth expansion, on track to meet hiring target
HONG KONG, April 9 (Reuters) – HSBC (HSBA.L), opens new tab plans to accelerate the expansion of its wealth business in China despite economic […]
West Virginia treasurer adds four finance firms to ESG blacklist
NEW YORK, April 8 (Reuters) – West Virginia added four financial firms on Monday to a list of institutions that may be […]
Royal Bank of Canada fires CFO over undisclosed relationship
April 5 (Reuters) – Royal Bank of Canada (RY.TO), opens new tab on Friday said it appointed Katherine Gibson as interim Chief Financial Officer, […]
Largest US bank JPMorgan Chase to deepen partnerships with the African Development Bank Group
African Development Bank Senior Vice-President Bajabulile Swazi Tshabalala, has held talks with a high-level delegation from JPMorgan Chase, the largest US bank, […]
Abu Dhabi’s Borouge shareholders approve $1.3 billion dividend for 2023
Abu Dhabi-based Borouge Plc, a prominent provider of innovative polyolefins solutions in the petrochemicals industry, has received shareholder approval for a final […]
Total assets of Qatar’s banks surge 5.8 percent to $541 billion in February
According to Qatar Central Bank (QCB), the total assets of Qatar’s commercial banks saw a 5.8 percent increase to QAR1.97 trillion ($541 billion) in […]