Finance
LATEST NEWS FROM FINANCE
Finance
CME profit tops estimates, CEO says 'perps' chatter overshadows results
CME Group beat Wall Street's second-quarter profit estimates on Wednesday, fueled by strong hedging demand, sending the derivatives exchange's shares up 6.1%.
Finance
Zelle must face New York attorney general lawsuit over 'rampant' fraud, judge rules
A judge rejected Zelle's bid to dismiss a lawsuit by New York Attorney General Letitia James, who said the electronic payment platform's refusal to adopt critical safety features ...
Finance
EU airline ownership review set to harden controls in blow to easyJet bids
The European Union is preparing a review of airline ownership rules to prevent foreign investors from gaining effective control of carriers, an EU official said, a move that coul...
Finance
Northern Trust quarterly profit jumps on Visa gain, strong fee income
Northern Trust reported an 88% jump in second-quarter profit on Wednesday, helped by a one-time gain tied to the Visa share exchange offer, along with strong fee income from asse...
Finance
EU regulator sends charge sheet to JD.com over Ceconomy deal
The European Commission on Wednesday outlined its objections to Chinese e-commerce giant JD.com over its acquisition of German electronics retailer Ceconomy as it stepped up ...
Finance
HSBC appoints cross-bank leaders after Hang Seng privatisation, source says
HSBC has appointed cross-bank leaders to oversee seven corporate functions it has in common with Hang Seng Bank, which it took private last year, according to a source familiar w...
Finance
Investigators search Deutsche Bank's headquarters over legacy tax trades
German prosecutors were searching offices at Deutsche Bank's headquarters in Frankfurt on Wednesday as they investigate alleged fraudulent tax transactions at the lender's Postbank...
Finance
Santander's Q2 underlying net profit up 17% on revenues and TSB
Spain's Santander on Wednesday said its underlying net profit rose 17% year-on-year in the second quarter supported by higher revenues and two months' contribution of British len...
Finance
Samsung in talks to invest in Mistral at 20 billion euro valuation, FT reports
South Korea's Samsung is in talks to invest hundreds of millions of euros in the AI start-up Mistral, as part of a fundraising round that could value the group at roughly €20 bil...
Finance
EU envoys meet to negotiate 21st Russia sanctions package
EU ambassadors will meet on Wednesday in the hopes of reaching a compromise with Greece and passing a 21st package of sanctions against Russia over its invasion of Ukraine, EU dip...
Finance
Strong consumer loan demand lifts Banorte quarterly profit
Mexico's Grupo Financiero Banorte reported a 6% rise in second-quarter net profit on Tuesday, slightly above estimates, boosted by strong demand for consumer loans and higher fee...
Finance
UK lawmaker Lucy Rigby appointed City Minister
New Prime Minister Andy Burnham appointed Lucy Rigby as Britain's City Minister on Tuesday, putting her in charge of overseeing the country's financial services sector.
Finance
Lithuania questions Hungary's OTP bid for Baltic bank Luminor over Russian operations
Lithuania's central bank said on Tuesday that Hungary's OTP Bank's operations in Russia raise "legitimate questions" about its planned acquisition of Luminor Bank, the third-large...
Finance
BofA enhances AI-powered tool to resolve client needs faster
Bank of America said on Tuesday it has enhanced its AI-powered EricaAssist tool, which would help more than 18,000 customer service representatives resolve client needs faste...
Finance
Brazil and US clash over future of payments as popular Pix system stirs global interest
U.S. Trade Representative Jamieson Greer named Pix, operated by Brazil's central bank, as one of the barriers to trade that he cited to justify fresh 25% tariffs on imports from B...
Finance
German firms' 'Made for Germany' investment initiative pledges €800 billion
A German corporate initiative called "Made for Germany" on Tuesday said its 139 member firms have committed to invest more than €800 billion in the country through 2028.
Finance
Euro zone banks tighten credit access on war fears
Euro zone banks tightened access to credit in the second quarter over geopolitical instability fears, and they expect further tightening in the current quarter, the European Centr...
Finance
JPMorgan, other US banks set to help finance Japan's $550 billion US investment plan, sources say
JPMorgan and other U.S. banks are close to agreeing to provide some financing under Japan's $550 billion U.S. investment pledge, according to two people familiar with talks betwee...
Finance