Credit Agricole Q2 earnings beats estimates on record investment banking sales
Credit Agricole SA (CAGR.PA), opens new tab, France’s second-largest listed bank by market value, beat analyst estimates in the second quarter as its […]
Euro zone investor morale slumps in August, expectations plummet
Investor morale in the euro zone fell for a second consecutive month in August, a survey showed on Monday, dropping to its […]
China asks large state financial institutions to drop auditor PwC, say sources
Chinese regulators have in recent months asked several large state-owned clients of PricewaterhouseCoopers (PwC) to drop the auditor as it braces for […]
Swiss franc hits highest vs euro since 2015 amid volatile markets
The Swiss franc rose to its highest level against the euro in nearly a decade on Monday as heavy losses in stock […]
UK regulator says push payment scams worth 341 mln pounds reported in 2023
A UK regulator on Thursday reported more than 252,000 cases of authorised push payment scams worth about 341 million pounds ($438 million) […]
Citi breached a rule meant to keep banks safe, made liquidity reporting errors
Citigroup (C.N), opens new tab repeatedly breached a U.S. Federal Reserve rule that limits intercompany transactions, leading to errors in its internal liquidity reporting, […]
Singapore’s UOB looking at North Asia opportunities as wealth earnings jump
Singapore’s United Overseas Bank (UOB) (UOBH.SI), opens new tab reported a 40% surge in wealth management income during the second quarter and said it […]
Mastercard allays spending concerns with profit beat
Mastercard (MA.N), opens new tab beat second-quarter profit expectations on Wednesday and said spending was holding up, reassuring investors worried about customers’ financial health […]
China’s Richest Man Risks Losing Crown After $13 Billion Wipeout
China’s richest man is at risk of losing the pole position he’s held for almost three years, with his wealth slipping the […]
France’s SocGen to buy 75% stake in energy-focused investment firm Reed Management
French bank Societe Generale (SOGN.PA), opens new tab said on Wednesday it had agreed to buy a 75% stake in Reed Management, an alternative […]
Mizuho posts 18% Q1 earnings increase, bolstered by Japan’s end to deflation
Japan’s third-largest lender by assets, Mizuho Financial Group (8411.T), opens new tab, reported an 18% growth in first-quarter profit on Wednesday as the […]
Japan yields scale 15-year peaks, bank shares surge as BOJ hikes rates
Short-term Japanese government bond yields scaled 15-year peaks and Japanese bank shares soared on Wednesday as the Bank of Japan raised interest […]