International Banking News

 

BofA profit beats estimates on higher interest rates, loan growth

BofA profit beats estimates on higher interest rates, loan growth

By Sweta Singh and Elizabeth Dilts (Reuters) – Bank of America (BAC.N) reported a 34 percent rise in first-quarter profit on Monday, topping Wall Street estimates, as the lender benefited from higher interest rates and growth in loans and deposits. Revenue rose at three of BofA’s four major businesses. In consumer banking, its biggest business, revenue… (Continua a leggere)

International Banking News

Bank of America’s Cost-Cutting Drive Pushes Profit to Record

Bank of America’s Cost-Cutting Drive Pushes Profit to Record

By Laura J Keller Source: Bloomberg.com Lender posts best efficiency ratio in more than five years Net income jumps 30%, surpassing analysts’ estimates Bank of America Corp. hit a new milestone in its years-long effort to get costs under control. First-quarter expenses totaled about 60 percent of revenue, the best ratio in more than five years…. (Continua a leggere)

International Banking News

If Fed Moves Unlock Billions at Banks, Here’s Who Might Win Most

If Fed Moves Unlock Billions at Banks, Here’s Who Might Win Most

By Jesse Hamilton With assistance by Yalman Onaran Source: Bloomberg.com Last week’s propsals likely to help custody and regional firms As rules revamp takes shape, post-crisis changes here to stay How… (Continua a leggere)

International Banking News

Betway Suspends BOE Governor Wagers After Influx of Bailey Bets

Betway Suspends BOE Governor Wagers After Influx of Bailey Bets

By David Goodman Source: Bloomberg.com An online oddsmaker has stopped taking bets on who will be the next Bank of England Governor after an influx of money on Andrew Bailey. Bailey,… (Continua a leggere)

International Banking News

Deutsche Bank COO’s Future Is Now in Doubt

Deutsche Bank COO’s Future Is Now in Doubt

By Steven Arons and William Canny With assistance by Eyk Henning Source: Bloomberg.com Board Members Lose Faith After Slow Reduction of IT Costs Hammonds’s Internal Standing Hurt by Negative Comments Deutsche Bank… (Continua a leggere)

International Banking News

Goldman Says Tech Stocks Were Unfairly Dragged Down by Facebook

Goldman Says Tech Stocks Were Unfairly Dragged Down by Facebook

By Arie Shapira With assistance by Lu Wang Source: Bloomberg.com Most technology companies are nothing like Facebook Inc. So why are their stocks being influenced so strongly by a social network… (Continua a leggere)

International Banking News

Fed’s Rosengren optimistic on economy, wary of U.S. trade risks

Fed's Rosengren optimistic on economy, wary of U.S. trade risks

By Svea Herbst-Bayliss BOSTON (Reuters) – The Federal Reserve will probably need to raise interest rates at least three more times this year in the face of a robust U.S…. (Continua a leggere)

International Banking News

JPMorgan profit just below estimates on weak investment banking

JPMorgan profit just below estimates on weak investment banking

By Sweta Singh and David Henry (Reuters) – JPMorgan Chase & Co’s (JPM.N) quarterly profit fell short of Wall Street expectations on Friday as lower revenue from investment banking ate… (Continua a leggere)

International Banking News

Stocks Drop as Investors Turn on Banks, Financials: Markets Wrap

Stocks Drop as Investors Turn on Banks, Financials: Markets Wrap

By Sarah Ponczek and Janine Wolf With assistance by Adam Haigh, Grant Smith, and Robert Brand Source: Bloomberg.com JPMorgan, Citigroup earnings top expectations, shares fall Crude resumes its climb, Treasuries rise, dollar steady… (Continua a leggere)

International Banking News

Wall St. drops as JPMorgan leads bank stocks lower

Wall St. drops as JPMorgan leads bank stocks lower

By Sruthi Shankar (Reuters) – Wall Street major indexes fell on Friday morning, erasing all their gains coming out of the opening bell as JPMorgan led a sharp reversal in… (Continua a leggere)

International Banking News

JPMorgan ‘Significantly’ Cut Exposure to Gun Industry, CFO Says

JPMorgan ‘Significantly’ Cut Exposure to Gun Industry, CFO Says

By Doug Alexander Source: Bloomberg.com JPMorgan Chase & Co. has cut exposure to the gun industry amid the country’s debate over military-style weapons. “We do have robust risk-management practices and policies… (Continua a leggere)

International Banking News

Investment Bankers Line Up to Dismantle Anbang’s Global Empire

Investment Bankers Line Up to Dismantle Anbang's Global Empire

Bloomberg News With assistance by Vinicy Chan, Dinesh Nair, Steven Yang, Emma Dong, and Ken McCallum Once-acquisitive insurer prepares to unravel buying binge Advisers pitched Anbang in Beijing earlier this… (Continua a leggere)

La Riflessione

Fisco. Cgia, fisco e Inps rimborseranno 9,5 mld con modello 730

Fisco. Cgia, fisco e Inps rimborseranno 9,5 mld con modello 730

Gli oltre 20 milioni di contribuenti italiani che anche quest’anno presenteranno il modello 730 recupereranno almeno 9,5 miliardi di euro. Il rimborso medio che il fisco erogherà a ciascun dipendente,… (Continua a leggere)

The Wall Street Journal
The social network’s first-quarter report showed that about 48 million daily active users signed up during the period, suggesting that ...
Struggling media company Viacom’s revival won’t make reaching a deal with CBS any easier.
Twitter’s strong first-quarter results support the case for a recovering business, but much was already priced in.
Steve Wynn has left the firm he founded, but the risks from his legacy remain and new management aren’t saying ...
The 10-year U.S. Treasury yield has returned to 3{aaa6b635c7cc5b112698bceb79b4125fdc6e6410d3b998bd6dcb138a85c77222} for the first time since early 2014 and markets are clearly ...
Credit Suisse has spent the past couple of years focusing on what it could control and worrying less about what ...
Several Chinese household tech names are planning to list this year. The hype already looks out of control.
Investors already attach such a governance discount to Vivendi that allegations of bribery in Africa at its parent company may ...
The Heard on the Street team is going toe-to-toe against the recommendations of hedge-fund managers who attend Monday’s annual Sohn ...

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