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 […]
MILAN, April 18 (Reuters) – Italy’s top insurer Generali (GASI.MI), opens new tab said on Thursday it was reorganising to focus on its two core businesses and streamline its geographical layout to be ready for the new strategic cycle. The company, which is on track to meet all the key financial targets in its current three-year plan […]
HONG KONG, April 17 (Reuters) – (This April 16 story has been refiled to correct grammar in paragraph 6) Morgan Stanley and HSBC are cutting dozens of investment banking jobs in the Asia Pacific region this week, sources said, as they ramp up cost-cutting, with weaker dealmaking and sluggish markets in China and Hong Kong […]
The strengthening of the US dollar has emerged as a significant concern for countries worldwide, triggering alarm bells not only in emerging economies (EMs) but also in advanced industrialized countries. The currencies of the G20 group of major economies are almost all depreciating against the dollar. The Turkish lira has been leading the decline since the beginning of the year […]
LONDON, April 16 (Reuters) – UK digital bank Zopa says it welcomes regulatory scrutiny on Britain’s motor finance industry but does not expect its business to be affected unless the scope of the watchdog’s review is broadened. WHY IT’S IMPORTANT Britain’s Financial Conduct Authority (FCA) said in January it would start investigating possible misconduct in the motor […]
April 15 (Reuters) – A rally in the U.S. dollar is accelerating, as stubborn inflation sows doubts over how aggressively the Federal Reserve will be able to cut rates this year compared to other central banks. The U.S. dollar index (.DXY), opens new tab, which measures the greenback against a basket of six major currencies, is […]
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 […]