Citigroup wealth executive hired from BofA leaves after months, source says
A Citigroup (C.N), opens new tab executive who joined the bank from Bank of America (BAC.N), opens new tab in April is leaving Citi, one source […]
Tech sell-off creates opportunities to buy cheaper, HSBC Wealth CIO says
The sharp sell-off in tech stocks has created opportunities to buy into profitable companies at a cheaper price, the chief investment officer of HSBC’s […]
Online brokerages Futu, UP Fintech suspend night trading of U.S. stocks
Online brokerages Futu Holdings and UP Fintech Holding , known for helping Chinese investors buy global stocks, have told clients that night […]
Italy’s Monte dei Paschi lifts guidance as turnaround strategy yields results
State-owned Italian bank Monte dei Paschi di Siena (BMPS.MI), opens new tab on Tuesday raised its profit outlook and dividend payout goal through 2028, […]
India’s road-building authority aims to monetise up to $2.4 bln of assets in 2024/25
India’s highways authority said on Tuesday it plans to monetise up to $2.4 billion worth of road projects in the current fiscal […]
Top UK lenders could be wound down in a crisis without bailouts, BoE checks show
Britain’s top eight banks including HSBC, Barclays, Lloyds and NatWest could be wound down in a crisis without the immediate need for […]
MPS upgrades outlook after quarterly profit soars above forecast
State-owned Italian bank Monte dei Paschi di Siena (BMPS.MI), opens new tab raised its profit outlook on Tuesday after posting much higher- -than-expected second […]
Citi hires Singapore executive from DBS to lead wealth in Asia South
Citigroup (C.N), opens new tab has hired Yeo Wenxian as head of wealth for Asia South region from Singapore’s biggest lender DBS Group Holdings (DBSM.SI), […]
Russia’s largest lender Sberbank to raise mortgage rates, agencies report
Russia’s largest lender Sberbank (SBER.MM), opens new tab will raise its market mortgage rates to a minimum of 20% from Tuesday, Russian agencies reported. […]
Fannie Mae, Freddie Mac set to tighten real-estate lending rules, WSJ reports
Mortgage financing firms Fannie Mae and Freddie Mac are set to impose stricter rules for commercial property lenders and brokers, following a […]
ING lifts 2024 total income guidance to more than 22 billion euros
ING Groep (INGA.AS), opens new tab lifted its 2024 outlook for total income to more than 22 billion euros after posting second-quarter net interest […]
JPMorgan CEO Jamie Dimon opines on next US president without endorsing anyone
JPMorgan Chase (JPM.N), opens new tab CEO Jamie Dimon has outlined his wish list of leadership skills that the next U.S. president should possess, but […]