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…
Read more
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…
Read moreDeutsche 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…
Read more
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…
Read more
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…
Read more
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…
Read more
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.…
Read more
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.…
Read more
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…
Read more
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…
Read more
