Finance
LATEST NEWS FROM FINANCE
Finance
Morning Bid: Oil trumps AI
A look at the day ahead in European and global markets from Ankur Banerjee
Finance
KPMG Australia taps insider as CEO in wake of audit leak scandal
KPMG Australia on Tuesday promoted a partner from within its own ranks to chief executive, two months after losing its leader to a scandal that erupted over the firm's misuse of ...
Finance
Samsung launches first US credit card with Barclays, signals ambitions for deeper financial services push
Samsung Electronics on Monday launched its first U.S. co-branded credit card with Barclays, deepening its push into the financial services space in the country and signaling plans...
Finance
Key ministers in new UK leader Burnham's cabinet
New British Prime Minister Andy Burnham named his ministerial team on Monday.
Finance
Russian steel magnate sells shipping firm operating in Sea of Azov, sources say
Russian steel billionaire Vladimir Lisin has sold a shipping firm operating in the Sea of Azov to companies affiliated with agricultural logistics group Demetra, four industry sour...
Finance
How PayPal went from Wall Street favorite to unwilling merger target
Five years ago PayPal was a Wall Street favorite and a leader in digital payments. Since then the stock has plunged, Apple Pay dominates payment services in the U.S. and PayPal is ...
Finance
US regional banks brush off war jitters with lending surge, fee boost
U.S. regional banks including U.S. Bancorp and PNC Financial relied on a lending rebound and strong fee income to deliver broad second-quarter gains, alleviating concerns that the...
Finance
China says US will restore Hong Kong's special trade status
The United States is set to restore Hong Kong's special trading status, revoked in a 2020 order by U.S. President Donald Trump in response to Beijing's imposition of a national se...
Finance
EU plans measures to help EU banks build scale and compete with US rivals
The European Commission aims to limit political interference in European Union banking mergers and remove obstacles to cross-border banking within the bloc to allow EU banks to c...
Finance
Truist's quarterly profit rises on strength in investment banking and trading
Truist Financial reported a higher quarterly profit on Friday, as a rebound in capital markets activity helped boost earnings from investment banking, while volatility fueled tra...
Finance
Fifth Third reports rise in quarterly profit on higher interest income
Fifth Third Bancorp reported a rise in second-quarter profit on Friday, helped by higher net interest income and fee growth in capital markets and wealth management businesses.
Finance
Global equity funds draw inflows for the eighth week on earnings optimism
Global equity funds attracted inflows for an eighth consecutive week through July 15, as investor risk appetite was lifted by a strong start to the earnings season and cooler U.S....
Finance
Danske Bank raises full-year profit outlook as Q2 beats forecast
Danske Bank on Friday posted a stronger than expected net profit for the second quarter and raised its full-year outlook on the back of high customer activity, growing volumes...
Finance
Back to square one: Five questions for the ECB
The European Central Bank meets again on July 23, with oil prices back at the top of the worry list for policymakers.
Finance
Seven & i shares jump 3% on Zabka stake talks in Europe push
Shares in Seven & i rose 3% in Tokyo on Friday as the Japanese retailer said it was in talks to buy a stake in Polish convenience store operator Zabka Group as it seeks new growth...
Finance
Monte dei Paschi says bid premium offered by Intesa is too low
Italy's Monte dei Paschi di Siena (MPS) regards the premium implied in a €30.6 billion ($34.9 billion) unsolicited takeover bid from rival Intesa Sanpaolo as too low, the bank sa...
Finance
How Uber, Delivery Hero and rivals stack up in global food delivery
Uber will buy Delivery Hero in a deal valuing the German firm at $14.8 billion to create the largest food-delivery group outside China and stave off intensifying competition.
Finance
State Street's quarterly profit jumps 56% on strong fee income
Custodian bank State Street reported a rise in profit on Thursday, driven by a jump in fees earned from managing client assets.
Finance