PARIS, April 25 (Reuters) – The European Union should set a target to raise 600 billion euros ($644 billion) in investments annually by the end of the decade by integrating its fragmented capital markets, French Finance Minister Bruno Le Maire said on Thursday. Although Europeans generally save more than Americans, EU capital markets currently lack […]
MOSCOW, April 26 (Reuters) – Russia’s dominant lender Sberbank (SBER.MM), opens new tab on Friday reported an 11.3% increase in first-quarter net profit to 397.4 billion roubles ($4.32 billion) and sharply raised its retail loan growth forecast for the year. Sberbank made record profits of 1.5 trillion roubles in 2023, a more than five-fold increase on the […]
Deutsche Bank shares popped to a more than six-year high on Thursday afternoon, after the German lender reported a 10% rise in first-quarter profit, beating expectations amid an ongoing recovery in its investment banking unit. After declining in the morning, shares were up 7.2% at 1:27 pm in London, hitting the highest intraday level since December […]
The bank said first-quarter profit rose 6% to $13.42 billion, or $4.44 per share, from a year earlier, boosted by its takeover of First Republic during the regional banking crisis last year. Per-share earnings would’ve been 19 cents higher excluding a $725 million boost to an FDIC fee covering costs from last year’s bank failures. […]
The New York Attorney General’s office on Friday asked a judge to effectively void a $175 million bond posted by former President Donald Trump to secure a much larger monetary damage award in his civil business fraud case as he appeals the judgment. The AG’s office in a filing said Trump and other defendants in the case had failed to show […]
ZURICH, April 25 (Reuters) – The Swiss National Bank (SNBN.S), opens new tab posted on Thursday a record quarterly profit of 58.8 billion Swiss francs ($64.34 billion) for the first quarter, driven by the weakening franc and booming equity markets. The result for the central bank compared with a profit of 26.9 billion francs a year earlier […]
April 23 (Reuters) – Walmart’s (WMT.N), opens new tab majority-owned fintech startup One has started offering buy now, pay later (BNPL) loans for big-ticket items like electronics and power tools at some of the retailer’s U.S. stores, a source said on Tuesday. The fintech joins peer Affirm (AFRM.O), opens new tab as one of the options that Walmart customers […]
The federal government is issuing $8.8 billion for Home Energy Rebates programs through states, territories and tribes, which must apply for the funding. The U.S. Department of Energy approved the first application for New York on April 18, awarding it an initial $158 million. The DOE is hopeful New York will open its program to consumers by early summer, […]
VIENNA, April 21 (Reuters) – Layoffs under Swiss banking giant UBS’s (UBSG.S), opens new tab cost-cutting programme announced after its takeover of Credit Suisse will take place in five waves this year starting in June, newspaper SonntagsZeitung reported on Sunday. UBS declined to comment. In August UBS announced its plan to eliminate around one in 12 of its Swiss […]
April 22 (Reuters) – Australian financial conglomerate Macquarie Group (MQG.AX), opens new tab said on Monday its banking and financial services unit will stop new car loans through direct, broker and novated lease channels in a bid to prioritise growth of home loan and deposit offerings. “This decision will enable us to further prioritise the growth of […]