Finance
LATEST NEWS FROM FINANCE
Finance
Germany plans tougher tax crime crackdown to raise billions in revenue
Germany's government plans to step up its fight against tax evasion and financial crime with a 26-point package that would increase penalties, add investigators and use artificial...
Finance
Citizens Financial's quarterly profit jumps on interest income, fees boost
Citizens Financial Group posted a higher second-quarter profit on Thursday, helped by higher net interest income and fee growth in wealth and capital markets businesses.
Finance
EU prosecutors indict four acting lawmakers over farm aid fraud
Four acting members of Greece's parliament were among 22 people indicted on Thursday by the European Public Prosecutor's Office over an investigation into alleged farm fraud that ...
Finance
Europe Inc heads into strongest earnings season in years, but AI gap persists
European companies are heading for their strongest earnings season in more than three years, but investors remain concerned that the region lacks enough AI-powered growth engines ...
Finance
China's record consumer defaults undermine Beijing's push to boost spending
Jack Chen has never defaulted on a loan since he began borrowing to cover expenses during his internship days, but his credit report now carries a red flag because of his swelling ...
Finance
JPMorgan CEO Dimon says Anthropic's Mythos AI risks are a 'real issue'
JPMorgan Chase CEO Jamie Dimon said on Wednesday that risks posed by Anthropic's Mythos AI model are a "real issue" that the U.S. government is on top of, underscoring concerns a...
Finance
Uber nears €12.5bn deal to acquire Delivery Hero, FT reports
Uber is set to take over Delivery Hero in a deal valuing the German food delivery company at about €12.5 billion ($14.34 billion), the Financial Times reported on Wednesday.
Finance
Citigroup estimates revised after bank flags higher expenses, stock tanks
Analysts revised estimates for Citigroup on Wednesday after the bank's management surprised investors and forecast higher expenses in the second half of the year.
Finance
Wall Street banks point to resilient US consumer as loan growth picks up
Wall Street's largest banks struck a reassuring tone on U.S. consumer health, citing steady spending, rising loan balances and healthy credit quality that suggest households remain...
Finance
Italy to shed residual stakes in banks, economy minister says
Italy will soon unwind its stakes in domestic lenders, Economy Minister Giancarlo Giorgetti said, indicating Rome is close to selling its 4.9% shareholding in bailed-out lender Ba...
Finance
Morgan Stanley profit rises on dealmaking boost, strong trading
Morgan Stanley reported a rise in second-quarter profit on strong mergers and acquisitions activity, while macroeconomic uncertainty resulted in record trading revenue at the inves...
Finance
MBK chairman offers guarantee for emergency funding to revive Homeplus
MBK Partners Chairman Michael Byungju Kim has offered a personal guarantee of 200 billion won ($134 million) in emergency funding for supermarket chain Homeplus, which is owned b...
Finance
M&T Bank's second-quarter profit lifted by interest income growth
M&T Bank posted a rise in second-quarter profit on Wednesday, driven by higher interest income and trust income.
Finance
BNY lifts 2026 revenue forecast above estimates after record second quarter
BNY raised its 2026 revenue forecast above Wall Street expectations on Wednesday after posting record second-quarter revenue, driven by higher interest income, fees and rising equ...
Finance
Bank of Canada seen holding rates as inflation, weak growth pull in opposite directions
The Bank of Canada is widely expected to keep its benchmark rate unchanged on Wednesday as concerns over a recent spike in inflation remain contained and economic growth stays sub...
Finance
Eyeing valuation jump, investors prep bids for chip giant CXMT's $8.6 billion IPO
Chinese investors seeking shares in CXMT's $8.6 billion IPO are betting the Chinese chipmaker's valuation will soar as much as 10-fold after its Shanghai debut on the back of an A...
Finance
UK's Workspace may ramp up asset sales amid tussle with top investor Saba
Britain's Workspace said on Wednesday it had over £200 million ($268.36 million) of assets up for sale and was mulling a further £100 million in disposals, as the flexible worksp...
Finance
Stripe, Advent offer to buy PayPal for more than $53 billion, sources say
Payments company Stripe and private equity firm Advent International have made a joint offer to acquire PayPal Holdings Inc for $60.50 per share, in a deal that would value the pa...
Finance