Finance
LATEST NEWS FROM FINANCE
Finance
BBVA reshuffles leadership team, names new CFO and Mexico head
Spain's Banco Bilbao Vizcaya Argentaria said on Wednesday it had reshuffled its leadership team and streamlined its organisation as it seeks to drive transformation amid the grow...
Finance
European bank rally rolls on as Deutsche Bank, UBS report profit jump
Deutsche Bank and UBS beat forecasts again with second-quarter earnings on Wednesday, buoyed by a surge in trading activity and strong retail business as Europe's lenders extend a...
Finance
Lebanese lawyers seek probe of banker over Netanyahu dinner
A group of Lebanese lawyers filed a complaint with the country's top prosecutor on Wednesday requesting an investigation into banker Antoun Sehnaoui over a dinner he allegedly co-...
Finance
Russia's Sberbank may raise reserves after Wildberries attacks hit borrowers
Russia's largest lender, Sberbank, said on Wednesday it was considering increasing loan-loss provisions after Ukrainian drone attacks on e-commerce giant Wildberries' warehouses ...
Finance
UK PM Burnham says social care reform should come before assisted dying debate
Britain's new Prime Minister Andy Burnham said the debate over legalising assisted dying should wait until the country's palliative care and adult social care systems have been f...
Finance
Explainer: What are credit default swaps and why are they spooking AI investors?
Shares in companies driving the AI boom have been under pressure for weeks. Now their bonds are coming under strain too, pushing up the cost of insuring debt issued by companies s...
Finance
Intesa lifts profit outlook as it presses ahead with MPS takeover bid
Intesa Sanpaolo , Italy's biggest bank, raised its 2026 profit outlook after quarterly earnings topped market expectations on Wednesday as it advances plans to take over rival Mo...
Finance
Santander Brasil's net profit down 17.6% in Q2, missing estimates
Banco Santander Brasil's second-quarter net profit fell 17.6% to 3.01 billion reais ($586.86 million), the lender said on Wednesday, below the 3.9 billion reais expected by analy...
Finance
Microsoft set for $190 billion market value swing after earnings results, options indicate
Options traders expect a roughly $190 billion swing in Microsoft's market value after it reports earnings on Wednesday, an unusually large move that underscores investors' growing...
Finance
Germany's financial watchdog to monitor AI use at banks and insurers
Germany's financial regulator Bafin said on Wednesday that it will begin overseeing the use of artificial intelligence at the country's banks and insurers after an expansion of i...
Finance
UBS flags $3 billion in new buybacks by end-June after forecast-beating quarter
UBS booked a 17% jump in second-quarter profit on Wednesday, ahead of expectations, and said it plans to buy back shares worth $3 billion by the middle of next year at the latest.
Finance
Deutsche Bank profit up 10%, defying expected decline, as investment bank booms
Deutsche Bank posted on Wednesday a rise of 10% in second-quarter profit, defying expectations for a drop, as strength at its global investment banking division offset a rise in e...
Finance
UBS reports Q2 net profit of $2.8 billion, beating expectations
UBS Group on Wednesday reported a net profit attributable to shareholders of $2.8 billion in the second quarter, which compares with an average estimate of $2.39 billio...
Finance
Caixabank's quarterly profit tops forecasts, thanks to loans and fees
Spanish lender Caixabank posted a quarterly profit rise of 10.1% on Wednesday, thanks to growth in lending income and loans supported by solid economic growth in Spain.
Finance
StanChart lifts income target after wealth boom powers earnings beat; shares jump
Standard Chartered reported on Wednesday a better-than-expected 9% rise in first-half pretax profit and lifted its full-year income target, as wealth and global banking revenue su...
Finance
Russia explores support for Wildberries after Ukrainian drone attacks, sources say
The Russian government is exploring ways to support Wildberries, the country's biggest online retailer, and related businesses after Ukrainian drone attacks, with state-controlled ...
Finance
BIS says AI boom risks clouding central banks' inflation signals
The artificial intelligence boom could make it significantly harder for central banks to judge the state of the economy and set interest rates, as the technology simultaneously bo...
Finance
Russia's Wildberries says it paid out compensation to victims of Ukrainian attacks on its warehouses
Russia's biggest online retailer Wildberries said on Tuesday that it had so far paid out 40 million roubles ($508,582) to the families of those killed or those injured in Ukra...
Finance