3M shares soar as strong results highlight cost cuts, growth push
3M’s (MMM.N), opens new tab shares soared to a near two-year high on Friday following the industrial conglomerate’s quarterly results that underscored its focus […]
Six banks settle European bond price fixing litigation in New York
Six banks including Bank of America (BAC.N), opens new tab and Citigroup (C.N), opens new tab agreed to pay $80 million to settle antitrust litigation in […]
Nasdaq says top shareholder Thoma Bravo to sell shares worth $2.8 bln
Nasdaq (NDAQ.O), opens new tab said on Friday that private equity firm Thoma Bravo will sell 41.6 million shares in the transatlantic exchange operator […]
Amundi’s Q2 net inflows beat estimates on Asian contributions
Amundi, Europe’s biggest fund manager, posted better-than-expected quarterly inflows on Friday, driven by its Asian joint ventures amid sustained demand for risk-averse […]
JPMorgan launches in-house chatbot as AI-based research analyst, FT reports
JPMorgan Chase (JPM.N), opens new tab has begun rolling out a generative artificial intelligence (AI) product, telling employees that its own version of OpenAI’s […]
Sabadell CEO plays down ‘white knight’ prospect to stop BBVA bid
Banco Sabadell (SABE.MC), opens new tab is unlikely to get a competing takeover offer to scupper a hostile bid from rival BBVA (BBVA.MC), opens new […]
Charles Schwab names Michael Verdeschi as CFO
Brokerage firm Charles Schwab (SCHW.N), opens new tab has appointed Michael Verdeschi as its chief financial officer, effective Oct. 1, according to a filing […]
Nasdaq profit beats as fintech sales jump, shares soar
Nasdaq’s (NDAQ.O), opens new tab second-quarter profit topped Wall Street estimates on Thursday, driven by strong demand for its products that help traders navigate […]
Lloyds profit slides 14% as slow economy and rising costs bite
Lloyds Banking Group (LLOY.L), opens new tab reported a 14% fall in first half pretax profit to 3.3 billion pounds ($4.25 billion) on Thursday, […]
Julius Baer shares slide on profit miss, tepid cash inflows
wiss private bank Julius Baer’s (BAER.S), opens new tab shares fell 10% on Thursday after the wealth manager missed profit forecasts and reported only […]
Warburg Pincus names Sibbald as Europe head, Obermann chair of European business
Global private equity equity firm Warburg Pincus, which was founded in the U.S., has named Andrew Sibbald sole head of Europe and […]
Australia’s ANZ fires staff amid multiple dealing room investigation
Australian bank ANZ (ANZ.AX), opens new tab said it has fired or suspended traders from its markets business over allegations of inappropriate behaviour and […]