Discover Financial’s profit falls on higher loan loss provisions
(Reuters) – Discover Financial Services on Wednesday reported a 68% drop in first-quarter profit, as...
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US banks’ profit picture less clear with cloudy rates trajectory
NEW YORK (Reuters) – The uncertain trajectory of interest rates is making it hard for...
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China drafts rules on tighter stock trading, listing regulations
SHANGHAI (Reuters) -China’s securities regulator issued draft rules on Friday to strengthen the supervision of...
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Markets grapple with shifting central bank rate cut bets
By Naomi Rovnick and Alun John LONDON (Reuters) – Big central banks have ended their...
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JPMorgan names CEO Dimon’s potential successors including Piepszak, Lake
By Manya Saini and Nupur Anand (Reuters) -JPMorgan Chase’s board identified potential successors to CEO...
JPMorgan picks new bosses in banking, capital markets after reshuffle
By Nupur Anand NEW YORK (Reuters) -JPMorgan Chase reorganized the leadership in its global banking...
BlackRock issued warning over ‘misleading statements’ tied to ESG funds
(Reuters) – BlackRock was issued a legal warning by the U.S. state of Mississippi over...
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Biden signs $1.2 trillion funding package, averting government shutdown
WASHINGTON (Reuters) – President Joe Biden on Saturday signed into law a $1.2 trillion budget...
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Exclusive-Macy’s opens its books in company sale talks
By Abigail Summerville and Svea Herbst-Bayliss NEW YORK (Reuters) -Macy’s Inc told Reuters on Tuesday...
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Hedge funds buy largest bulk of bank stocks in a year, Goldman says
By Nell Mackenzie LONDON (Reuters) – Hedge funds piled into bank and financials stocks at...