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ABN Amro sees cost pressures ahead despite reaching 2028 target
ABN Amro executives cautioned on Wednesday that the Dutch lender still faces cost headwinds, despite its headline cost efficiency metric landing below its 2028 target already in ...
Finance
Investors worry leaner Fed guidance may come at a price
Investors are questioning whether Federal Reserve Chairman Kevin Warsh can successfully unwind decades of communicating its monetary policy intentions without exacting a price from...
Finance
Dutch bank ABN Amro ups annual guidance after second-quarter beat
ABN Amro on Wednesday raised its guidance for commercial net interest income (NII) to €6.8 billion ($7.8 billion), up from €6.4 billion previously, as the bank beat market expect...
Finance
Australia's CBA posts record cash earnings, but flags cooling mortgage demand
Commonwealth Bank of Australia posted record full-year cash earnings that topped market expectations on Wednesday, driven by robust lending volumes, but flagged a steep decline i...
Finance
Norway wealth fund CEO says fund's entire value could be lost if market collapses
The CEO of Norway's sovereign wealth fund, the world's largest, reiterated on Tuesday that its $2 trillion in value could sustain an unexpected heavy loss and even disappear alto...
Finance
Italy's Salvini calls for 5% annual levy on top 10 banks
Italy's coalition League party will propose a three-year levy on the country's 10 largest banks in the 2027 budget to help support public finances, Deputy Prime Minister Matteo S...
Finance
Flowers Foods seeks to divest Tastykake baked goods business, sources say
Packaged food company Flowers Foods is seeking to divest its baked goods business Tastykake, according to people familiar with the matter.
Finance
Berkshire shares rise to highest since Abel replaced Buffett after stock buybacks, strong earnings
Berkshire Hathaway shares rose on Monday to their highest level since Warren Buffett announced his departure as chief executive in May 2025, after his successor Greg Abel began sp...
Finance
Deutsche Bank named clearing bank for China's renminbi
Deutsche Bank said on Monday it had been named by China as a clearing bank for its currency, the renminbi, in a first for a European lender.
Finance
Rouble-backed A7A5 stablecoin turnover nears $140 billion from launch, says PSB head
Turnover of the A7A5 rouble-denominated stablecoin has reached nearly $140 billion since it was created in February 2025, the chairman and CEO of Russia's PSB Bank , Pyotr Fradkov...
Finance
Citigroup poaches Charlet from Morgan Stanley to head French arm
Citigroup has hired Jean-Baptiste Charlet from Morgan Stanley to run its French operation, the bank said on Monday.
Finance
UK's Revolut gets French bank licence in European expansion drive
Britain's Revolut said on Monday it had secured a French banking licence, marking a significant step in the fintech's European expansion plans and a development its CEO Nik Storons...
Finance
Trading platform Plus500 reports higher core profit as US business gains traction
Trading platform Plus500 reported a rise in half-year core profit on Monday, aided by higher trading activity as the company expanded its U.S. business and rolled out more produc...
Finance
German commercial property prices dip after fragile recovery, data show
Commercial real estate prices in Germany declined in the second quarter, the VDP banking association said on Monday, reversing a fragile recovery in recent quarters after a rise ...
Finance
Australian shares dip as Westpac weighs on banks ahead of RBA decision
Australian shares slipped on Monday as losses in lender Westpac after its quarterly update weighed on financials, offsetting gains in miners ahead of the Reserve Bank of Australia...
Finance
Westpac reports 20% drop in mortgage applications after Australia scraps tax breaks
Australia's second-largest lender Westpac Banking Corp reported a 20% fall in mortgage applications and forecast investor housing credit growth to halve next year, as the Labor go...
Finance
US regulator rejects Dutch fintech Bunq's application for national bank charter
Dutch fintech Bunq said on Friday that the U.S. Office of the Comptroller of the Currency (OCC) had rejected its application for a national bank charter, dealing a setback to the...
Finance
Japan's yen surges after US jobs data, traders wary of intervention risk
Traders are alert to the prospect of intervention just a few days after Japanese and U.S. authorities jointly stepped into the foreign exchange markets.
Finance