Bank CEOs Voice Concerns Over Unseen New Regulations
Earnings season is officially underway, which means the CEOs of America’s…
Goldman Sachs Reports 58% Drop in Profits Amid Dealmaking Downturn
Goldman Sachs reports a 58% drop in quarterly profits as dealmaking activity slumps and the consumer lending retreat continues to weigh on results.…
Top Economists Advocate Bolder Action in Tackling the 'Crisis of Extreme Inequality'
More than 230 economists and political leaders have called on the United…
BofA Reports Surging Profit Driven by Interest Income and Investment Banking Gain
Bank of America reports surging profits driven by higher interest income and investment banking gains, outperforming expectations in Q2 2023.…
Economists Foresee Final Rate Hike at Fed's July Meeting
The U.S. Federal Reserve will raise its benchmark overnight interest rate…
UK Borrowing Costs Plummet Following Surprise Drop in Inflation
U.K. government borrowing costs fell sharply Wednesday morning as a cooler-than-expected…
China's Economic Recovery Hindered by Cautious Consumer Confidence, ADB Notes
China’s cautious consumer confidence has been a “a dampener” for its…
Wall Street Banks Demonstrate Their Reign in Surveillance Report
What crisis?
It turns out that higher interest rates really are better…
ECB to Demand Weekly Liquidity Data from Banks Amid Increasing Scrutiny
The European Central Bank plans to substantially tighten how it monitors liquidity…
South African Inflation Returns to Central Bank's Desired Range
South Africa’s inflation rate fell below the central bank’s target…
UK Inflation Dips Below 8% for First Time in Over a Year
Britain’s inflation rate dropped to the lowest in 15 months, fueling…
Big Banks' Earnings Signal Challenges Ahead for Smaller Banks
JPMorgan Chase and Wells Fargo on Friday reported year-over-year net income growth…