Finance
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Finance
Metro Bank shares fall despite record profit as expectations run high
Britain's Metro Bank reported a record first-half profit on Tuesday, underpinned by strong loan growth across its core business segments, but shares fell sharply as investors wor...
Finance
Rabobank to spend €2 billion in AI and tech as net profit stagnates
Dutch bank Rabobank said it would invest €2 billion ($2.30 billion) over the next three years in data, tech and AI, as banks around the world step up their AI investments.
Finance
HSBC sets $1 billion buyback after profit beat on boost from rates and wealth
HSBC Holdings reported a better-than-expected first-half profit and raised its net interest income target, driven by revenue growth in lending and wealth management fee earnings on...
Finance
Fed lending officer survey finds stable standard for many types of commercial, industrial loans
Respondents to a Federal Reserve banking survey reported “basically unchanged” lending standards for commercial and industrial loans during roughly the second quarter, with strong...
Finance
JPMorgan aims to funnel $750 billion into housing through 2035
JPMorgan said on Monday it was planning to deploy more than $750 billion into housing through 2035, in a push to increase supply and support homeownership in the U.S.
Finance
US shakes up currency markets with unusual yen-buying via selling euros
Traders grappling with an already rare co-ordinated U.S.-Japanese action to prop up the weak yen are also digesting a further unusual dynamic: the U.S. selling euros.
Finance
German watchdog BaFin orders NordLB bank to fix customer data shortcomings
Germany's financial watchdog BaFin said on Monday it had ordered NordLB to bring its customer data up to date to remedy deficiencies after the Hanover-headquartered lender was fo...
Finance
Small nations hold big cards as FIFA chief Infantino scrambles for support
Gianni Infantino’s hopes of extending his FIFA presidency may rest less on winning back soccer's traditional powers than on calling in favours from the many small and emerging nat...
Finance
Focus: Life after Orban: Hungary Inc digs in as new political era takes hold
Hungarian firms and business magnates who leveraged ties to Viktor Orban to build sprawling empires are pivoting to smaller projects as a new ruling party moves to stamp out alleg...
Finance
Treasury selloff signals need to bolster Fed's inflation credibility, Musalem tells FT
A selloff in U.S. Treasuries this week signaled the need for the Federal Reserve to earn its inflation-fighting "credibility" with interest rate increases, St. Louis Fed Presiden...
Finance
US Treasury anti-money laundering chief Gacki to join Citi as global head of sanctions
The U.S. Treasury on Thursday said the director of its anti-money laundering Financial Crimes Enforcement Network, Andrea Gacki, was stepping down to join Citigroup as the bank's...
Finance
Situational Awareness' portfolio sinks 67% in July on AI stock rout, letter shows
The portfolio value of Leopold Aschenbrenner's hedge fund, Situational Awareness, fell 67% in July after suffering steep losses on AI stocks, according to a letter sent to investo...
Finance
Vitol, Cargill, Glencore cut ties with Radiant World - report
Vitol Group and Cargill have stopped trading with Radiant World, one of the world's largest iron ore traders, Bloomberg News reported on Friday, adding that Glencore is no longer...
Finance
Coinbase shares take hit on quarterly loss, analysts back diversification strategy
Shares of Coinbase Global slipped 5.6% in premarket trading on Friday after a third straight quarterly loss, though analysts expect strong fundamentals and business diversity to ...
Finance
Sicily's SAC says Adani, Vinci, Schiphol among bidders for Catania airport
Adani Airport Holdings, Vinci Airports and Royal Schiphol Group are among 10 bidders that have advanced to the second phase of the privatisation of Sicily's Catania airport, the ...
Finance
UK aims for single trading feed within 18 months in bid to revitalise market
Britain's markets regulator the Financial Conduct Authority (FCA) said on Friday it would aim to launch a single feed of trading data for UK stock markets within 18 months, in an...
Finance
Credit Agricole CEO says hard to see value in MPS-Banco BPM tie-up
Credit Agricole SA CEO Olivier Gavalda said on Friday it was "very difficult" to see how a potential tie-up between Italy's Monte dei Paschi di Siena and Banco BPM could create ...
Finance
UK's Close Brothers names new chair as Biggs nears end of nine year term
Close brothers on Friday said chair Mike Biggs will step down in November after completing this nine year tenure at the British specialist lender and named senior indep...
Finance