Finance
LATEST NEWS FROM FINANCE
Finance
Foreigners bought $132 billion of U.S. securities in May, Treasury says
Foreign investors bought a net $132 billion of U.S. securities in May, the Treasury Department said on Tuesday in its monthly Treasury International Capital report.
Finance
Bank of England's Bailey pushes back against deregulation
Bank of England Governor Andrew Bailey warned against calls for broad deregulation in a speech at an annual dinner for Britain's banking elite where a year earlier finance ministe...
Finance
UK banks' lack of Mythos access a wake-up call, government AI adviser says
UK banks' inability to access Anthropic's powerful AI model Mythos underscores the urgent need for Britain to build its own AI capabilities and adopt a more strategic approach to ...
Finance
Italy picks antitrust expert to lead market watchdog Consob
Italy's government on Tuesday nominated senior official Guido Stazi as the new head of the Milan bourse watchdog Consob, political sources said, ending a months-long dispute with...
Finance
BofA beats profit estimates on record trading, investment banking strength
Bank of America beat estimates for second-quarter profit on Tuesday, benefiting from record trading activity and a surge in dealmaking.
Finance
JPMorgan posts record profit on big gains from dealmaking, stock trading
A wave of big-ticket IPOs and dealmaking helped drive investment banking fees to their highest levels since 2021, while stock traders capitalized on volatile markets.
Finance
Wells Fargo tops profit estimates on interest income boost, trading boom
Wells Fargo beat Wall Street estimates for second-quarter profit as volatile markets kept its trading desks busy, while strong loan growth boosted interest income.
Finance
PepsiCo's turnaround stutters as Americans rethink snacking
Americans built one of the world's great snacking cultures. Now PepsiCo is discovering just how fast that can shift.
Finance
S&P 500, Dow futures dip as big banks' earnings roll in ahead of CPI data; IBM slides
S&P 500 and Dow futures fell on Tuesday in choppy trading as investors sifted through earnings reports from Wall Street's biggest banks, while IBM shares crashed after a dismal r...
Finance
China tells some banks not to re-discount bills at rates below 0.5%, sources say
Chinese regulators have issued guidance to some banks barring them from conducting bill re-discount operations at rates below 0.5%, sources said on Tuesday, as regulators move to...
Finance
China's ICBC seeks return of four 737 MAX jets leased to SpiceJet, documents show
Two Irish entities owned by the leasing arm of Industrial and Commercial Bank of China have asked India's aviation regulator to deregister four Boeing 737 MAX aircraft leased to S...
Finance
Explainer: Europe's digital euro: What it is and how it would work
Talks between the European Parliament, European governments and the European Commission on rules for a digital euro begin on Monday, three years after the legislation was first pro...
Finance
JPMorgan's Dimon questioned on whether he lobbied UK government on Epstein's advice
JPMorgan CEO Jamie Dimon has received a letter from Democratic Senator Elizabeth Warren about whether he lobbied the UK government against a tax on bankers' bonuses on the advice ...
Finance
Bank of America hires nine senior investment bankers to target US middle market
Bank of America said on Monday it has hired nine senior bankers across the United States to expand its regional investment banking footprint, as the lender looks to capture growin...
Finance
EU approves Hungary's €2 billion capital injection into Magyar Fejlesztesi Bank
The European Commission approved on Monday a €2 billion ($2.3 billion) capital injection by Hungary into the country's Magyar Fejlesztesi Bank, which comes as Hungary commits to...
Finance
Deutsche Bank pays $1.3 million penalty for Australian trade reporting failures
Deutsche Bank has paid an A$2 million ($1.3 million) penalty for misreporting more than 260,000 over-the-counter (OTC) derivative transactions, Australia's securities regulator ...
Finance
SK Hynix advisors win big fee windfall after modest SpaceX payday
Global investment banks and brokerages leading SK Hynix's mega share sale earned nearly $260 million in fees, a boost for the industry which took in a relatively modest $500 mill...
Finance
Spanish markets hit by Trump's renewed trade threat
Spanish stocks and bonds came under fire on Wednesday, after President Donald Trump demanded that the United States cut trade ties with the country, escalating tensions over defen...
Finance