Finance
LATEST NEWS FROM FINANCE
Finance
Britain's FTSE indexes climb as consumer earnings boost offsets banks, energy drag
London's main FTSE indexes edged higher on Tuesday, supported by earnings-driven gains in consumer-focused stocks, including Unilever and Man Group, shrugging off pressure from de...
Finance
Barclays profit up 17% on equities boom, but shares fall as costs set to rise
Barclays' first half profits rose by a better than expected 17% as it reaped bumper equities trading revenues from volatile markets, although its shares dropped on Tuesday in a s...
Finance
Swiss regulator opens enforcement proceedings against Zurich Insurance
Zurich Insurance said on Monday that Swiss finance regulator FINMA has opened enforcement proceedings against the company after some Swiss customers were sold policies at lower p...
Finance
Monte dei Paschi, Banco BPM working on deal with cash component, Bloomberg News reports
Banca Monte dei Paschi di Siena and Banco BPM advisers are exploring a merger that would mix cash and shares as a possible alternative to Intesa Sanpaolo's offer for Monte Pa...
Finance
Former JPMorgan Chase banker expands lurid sexual harassment, racism lawsuit
The former JPMorgan Chase banker whose lurid sexual harassment lawsuit went viral added new claims and defendants on Monday, saying the largest U.S. bank's acceptance of racism an...
Finance
US Treasury trims 84 people, firms from its sanctions list as review continues
The U.S. Treasury on Monday purged another 84 companies and people from its 17,000-plus sanctions lists as part of a broader push to streamline sanctions programs and make it easi...
Finance
Shein reveals financials, valuation in Hong Kong IPO filings
Online fast-fashion retailer Shein swung to a $99 million quarterly loss due to slowing sales after the U.S. removed an import duty exemption on small packages and a hefty one-time...
Finance
Hong Kong IPO-bound Shein's management and ownership structure
Shein's draft prospectus for a Hong Kong market listing has for the first time shed light on the top management and ownership structure of the online fast-fashion retailer, which w...
Finance
EU narrow sanctions exemption could help UniCredit close stalled Alfa deal
The EU has approved a narrow sanctions exemption that could allow UniCredit to complete a long-delayed transaction involving Russian businessmen Mikhail Fridman and Petr Aven, acc...
Finance
ECB facing mid-sized inflation shock, will get to 2% in year or so, Lane says
The European Central Bank still considers the current inflation shock to be medium-sized, which requires some policy action but not aggressive moves, and it will get price growth...
Finance
Bank of America hikes common stock dividend by 14%
Bank of America said on Friday it has increased its quarterly common stock dividend by 4 cents or 14%, to 32 cents a share, with its CEO Brian Moynihan citing the lender's c...
Finance
NatWest had funded failed consumer lender with up to £250 million, filings show
Britain's NatWest helped fund London-based consumer credit firm Amplifi Capital with up to £250 million ($333 million) in the years before it collapsed last month, company filings ...
Finance
Crypto exchange HTX included in EU's Russia sanctions
Cryptocurrency exchange HTX was sanctioned by the European Union on Thursday as part of the bloc's latest effort to tighten pressure on Russia's financial system.
Finance
New UK PM Burnham to stick with City-friendly agenda, person familiar with the matter says
Britain's new government under Prime Minister Andy Burnham intends to preserve the previous administration's pro-growth approach to the financial services sector including regula...
Finance
UniCredit's Orcel ready to engage with German government on Commerzbank bid
UniCredit CEO Andrea Orcel stands ready to engage with the German government on concrete conditions and a constructive way forward on strategic issues as part of his ban...
Finance
AmEx raises 2026 revenue growth forecast as affluent cardholders keep spending
American Express increased its full-year revenue growth forecast and beat Wall Street expectations for second-quarter profit on Friday as its affluent customers continued to swipe...
Finance
Commerzbank says ready for takeover talks with UniCredit
Commerzbank said it would enter talks with UniCredit to buy the German bank, ending months of resistance to the unwanted Italian takeover offer.
Finance
ECB to make new euro liquidity line available from Q4
The European Central Bank plans to make its new euro liquidity facility available to non-euro area central banks from the fourth quarter and it has started 'onboarding' institu...
Finance