Category: International Banking News
Bond-trading bump shows Wall Street banks doing more with less
Wall Street banks once earned huge profits by encouraging bond traders to swing for the fences, but their fourth-quarter results show how dramatic [...]
JPMorgan upgrades Indonesian stocks to ‘neutral’ after row
JPMorgan Chase & Co upgraded its investment recommendation on Indonesian stocks to "neutral" from "underweight" on Monday, partially reversin [...]
BlackRock beats 4Q profit forecasts
BlackRock Inc. (BLK) on Friday reported fourth-quarter profit of $851 million.
On a per-share basis, the New York-based company said it had profit [...]
Exclusive – Banks forced to cover tracks of China’s forex regulator
China's forex regulator is telling banks to keep its instructions about curbing capital outflows secret and to ensure that research analysts keep [...]
Banks Get Five Years to Meet Volcker Demand to Divest Funds
Goldman Sachs Group Inc. and other Wall Street banks can breathe a sigh of relief after the Federal Reserve said Monday that it would give them mo [...]
Europe Stock Volatility Bets Unravel After Italian Vote Outcome
Traders who had pushed up the cost of hedging against swings in European stocks to a four-year high are unwinding their bets as Italy’s referendum [...]
US bankers who work in UK set for bonus boost from dollar surge
Pound’s fall after Brexit vote means $1m cash bonus is now worth £794,000 to UK banker
Thousands of London-based US bank workers will get as much a [...]
Hot trend in 2017: Rise of Islamic banks on Main St. USA
In the United States a quiet financial revolution is going on under the radar of the public eye. It's the rise of Islamic financial institutio [...]
Gundlach: Market rally could reverse ‘at the latest’ by Trump’s inauguration
Financial markets could reverse the solid momentum in equities at the latest by U.S. President-elect Donald Trump’s Jan. 20, 2017, inauguration, J [...]
Banks act to stop transfer scams and errors
‘Confirmation of payee’ system matches account number to holder’s name, so users will know cash is going to right recipient
Britain’s banks and bui [...]