Banks
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Finance
UBS shares retreat 6% as fourth-quarter profit beat, $3 billion buyback fail to impress
UBS shares lost ground after the lender’s fourth-quarter results and up to $3 billion share buyback plans failed to impress.…
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Finance
Trump names Treasury Secretary Scott Bessent acting head of CFPB after firing Chopra
Republican presidential nominee former President Donald Trump, left, listens as investor Scott Bessent speaks on the economy in Asheville, N.C.,…
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Finance
Commerzbank posts 20% hike in annual profit and launches new share buyback as it wards off UniCredit
A “mild recession” is on the cards, according to Commerzbank CEO Manfred Knof. Picture Alliance | Picture Alliance | Getty…
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Finance
Watch: ECB President Christine Lagarde speaks after rate decision
[The stream is slated to start at 8:45 a.m. ET. Please refresh the page if you do not see a…
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Finance
Deutsche Bank posts steeper-than-expected Q4 profit fall and scraps cost target
Deutsche Bank offices in the City of London on July 2, 2024, in London, U.K. Mike Kemp | In Pictures…
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Finance
Trump Media surges after expansion into financial services including crypto and ETFs
Trump Media is expanding into financial services, including investment vehicles, the firm announced Wednesday. Shares of the Truth Social parent…
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Finance
Elon Musk’s X begins its push into financial services with Visa deal
Elon Musk’s social media platform X on Tuesday announced the launch of a digital wallet and peer-to-peer payments services provided by…
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Finance
Italy’s Mediobanca rejects Monte dei Paschi’s ‘destructive’ 13-billion-euro takeover bid
The logo of a Mediobanca Premier bank branch in Brescia, Italy, on Friday, Jan. 24, 2025. Bloomberg | Bloomberg |…
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Finance
HSBC to exit M&A and capital markets businesses in UK, Europe and the U.S.
Branch of HSBC bank on 15th January 2024 in London, United Kingdom. HSBC Bank plc is a British multinational banking…
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Finance
American Express CFO says spending picked up at year-end, thanks to millennials and Gen Z
Silas Stein | Picture Alliance | Getty Images American Express’ affluent cardholders got comfortable spending more freely again late last…
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