Global banks have said they could move thousands of jobs out of Britain to prepare for Brexit, the country’s planned exit from the European Union.
Morgan Stanley beat Wall Street’s profit expectations on Wednesday, reporting gains across most of its businesses and producing more trading revenue than rival Goldman Sachs Group Inc, a rare feat.
Goldman Sachs Group Inc reported a 40 percent slump in bond trading revenue, mirroring a broader weakness in trading activity that has plagued big U.S. banks in the latest quarter.
Europe’s top banking regulator, the European Central Bank (ECB), is considering carrying out a review of Deutsche Bank’s two largest shareholders, a regulatory source said on Monday.
Wells Fargo & Co. posted a better-than-expected quarterly profit, but revenue fell short of expectations as the lender’s mortgage business continued to remain a dark spot.
HSBC Holdings Plc. and UBS Group AG have each agreed to pay $14 million to settle private U.S. litigation accusing them of rigging an interest rate benchmark used in the $483 trillion derivatives market.
Wells Fargo & Co. is scaling back and remolding its auto lending business in response to growing stress in the market, as well as a bank-wide push for more centralized risk controls.
U.S. single-family home prices accelerated at a slower pace than expected in April, a survey showed on Tuesday.
Electronic trading in the $900 billion leveraged loan market celebrates its one-year anniversary Friday.
Investors are hoping the Federal Reserve will allow big U.S. banks to put an estimated $150 billion in idle capital toward stock buybacks, dividends and profit-boosting investments in the coming weeks after conducting a regular examination of financial strength.
When it comes to industries, Wall Street is about as male-dominated as they come. So many people just assume that men are better investors. And they would be wrong.
Amazon.com Inc. said it would buy Whole Foods Market Inc. in a deal valued at about $13.7 billion, including debt.
The Federal Reserve raised interest rates on Wednesday for the second time in three months and said it would begin cutting its holdings of bonds and other securities this year, signaling its confidence in a growing U.S. economy and strengthening job market.
The U.S. Federal Reserve is widely expected to raise its benchmark interest rate this week due to a tightening labor market and may also provide more detail on its plans to shrink the mammoth bond portfolio it amassed to nurse the economic recovery.
HSBC Holdings Plc. has partnered with Silicon Valley-based artificial intelligence startup Ayasdi Inc. to automate some of its compliance processes in a bid to become more efficient.
Shares in U.S. banks fell on Wednesday, with the S&P 500 bank index hitting its lowest level since late 2016, after JPMorgan Chase and Bank of America Corp. warned of revenue weakness in the current quarter.
U.S. consumer spending recorded its biggest increase in four months in April and monthly inflation rebounded, pointing to firming domestic demand that could allow the Federal Reserve to raise interest rates next month.
The U.S. economy slowed less than initially thought in the first quarter, but there are signs it could struggle to rebound sharply in the second quarter amid slowing business investment and moderate consumer spending.
U.S. home resales fell more than expected in April, weighed down by a chronic shortage of houses on the market that is keeping prices elevated and sidelining prospective buyers.