April 15 (Reuters) – JPMorgan Chase (JPM.N), opens new tab CEO Jamie Dimon has sold about $33 million of his shares in the bank, a regulatory filing showed on Monday, completing a previously disclosed plan to sell 1 million shares. Last October, JPMorgan had said Dimon and his family intended to sell 1 million of their 8.6 […]
April 15 (Reuters) – Goldman Sachs (GS.N), opens new tab profit rose 28% in the first quarter, buoyed by a recovery in debt underwriting and dealmaking that boosted its investment banking unit, it reported on Monday. Profit rose to $4.13 billion, or $11.58 per share, for the three months ended March 31, compared with $3.23 billion, or […]
MOSCOW, April 12 (Reuters) – MTS Bank, the fintech arm of Russia’s leading mobile phone operator MTS (MTSS.MM), opens new tab, announced on Friday it would hold an initial public offering (IPO), a rare occurrence for Russian banks hit with Western sanctions. MTS Bank will be only the second Russian bank to hold an IPO since […]
The European Central Bank (ECB) kept its key deposit rate at a record high of 4 per cent on Thursday but laid a path for a cut in June. The bank’s governing council, led by president Christine Lagarde, noted that inflation is continuing to ease, led by lower food and goods prices, even if service prices remain high. […]
U.S. stocks are sinking Wednesday following new inflation data that showed prices accelerated for a third consecutive month. The hotter-than-expected report further dashed hopes for Fed rate cuts this year amid fears that progress may be stalling in taming elevated price levels. The S&P 500 slumped 1.1% in early trading and is on track for one of […]
LONDON, April 9 (Reuters) – HSBC (HSBA.L), opens new tab, is selling its business in Argentina and booking a $1 billion loss on the deal, the bank said on Tuesday, as it continues to shrink its once globe-spanning empire to focus on Asia. HSBC is selling the business, which covers banking, asset management and insurance, to […]
April 5 (Reuters) – UBS Chief Executive Officer Sergio Ermotti on Friday said it was important that Europe allow stronger banks to be created to make them more competitive on a global level. “We can’t just rely on a crisis to create or facilitate the merger of banks,” Ermotti said. Ermotti was speaking at a […]
BEIJING, April 8 (Reuters) – The U.S. and China are deepening co-operation on financial stability issues, Treasury Secretary Janet Yellen said on Monday, with more simulations of financial shocks due after a recent exercise on tackling the failure of a large bank. Wrapping up four days of meetings in China, Yellen issued a stern warning […]
The UAE banking sector witnessed a substantial increase in transfer activities during January 2024, with the value of transfers executed through the UAE Funds Transfer System (UAEFTS) soaring to approximately AED1.512 trillion ($411.7 billion). Data from the Central Bank of the UAE (CBUAE) highlights a remarkable 24.4 percent annual growth in the value of transfers executed through […]
Divorce rates in the U.S. reflect a significant societal trend, with notable public splits adding to almost 700,000 divorces in 2021. However, beyond the headlines lies the stark financial reality of divorce, which can cost anywhere between $1,500 to over $140,000. Legal expert Elizabeth Douglas underscores the complexity and potential financial burden of contested divorces, emphasizing the […]