Citigroup's Profit Declines 36% Due to Trading Slump and Increased Expenses
Citigroup beat analysts’ estimates for second-quarter profit on Friday as higher interest…
Pete Sadler
US Banks Highlight Resilient but Slowing Economy, Highlighting Risks Ahead
Some of the largest U.S. banks said on Friday they got…
New Head of Australia's Central Bank Confronts Dual Challenges
Michele Bullock cannot count on a honeymoon period when she takes over…
Wells Fargo Reports 57% Profit Increase, Boosts Outlook for Interest Income
Wells Fargo reports a 57% profit increase and raises its outlook for interest income as higher rates boost the bottom line across consumer and commercial lending.…
Standard Chartered Announces Sale of Sub-Saharan Africa Businesses to Access Bank
Standard Chartered (STAN.L) said on Friday it has reached an agreement…
Philippine Central Bank Urges Banks to Disclose Climate-Related Assets
The Philippines’ new central bank head is pushing for lenders’ disclosure of…
PBOC to Implement "Tailored" Property Support, Downplays Risk for Banks
The People’s Bank of China signaled more targeted support may be…
Big Banks Start Distributing Profits from Fed Rate Hikes to Depositors
As big US banks earn more from lending, the question has gnawed:…
Why Banks Must Enhance 'Deposit Beta' to Meet Market Demands
As the US Federal Reserve has raised interest rates at the fastest…
Credit Suisse Breaks Norm by Disclosing Details of EM Debt Holdings
Credit Suisse is one of a handful of global banks publicly disclosing…
US Bank Earnings Challenge the Validity of Popular Recession Theory
The robust earnings at megabanks from JPMorgan Chase & Co. to Wells…
China's Central Bank Gives Indications of Support, Encourages Patience
The People’s Bank of China on Friday urged patience and confidence…