Big Banks Are Finally Giving Depositors a Cut of Windfall From Fed Hikes
As big US banks earn more from lending, the question has gnawed: When will depositors see their reward?
2023-07-15 02:16
State Street Shares Sink After Net Interest Income Drops
State Street Corp. shares dropped as much as 11% after the bank reported net interest income and revenue
2023-07-15 01:57
Former Netflix content head to lead Elisabeth Murdoch's firm Sister
Former Netflix content chief Cindy Holland on Friday has been named the global CEO of entertainment group Sister,
2023-07-15 01:51
Citigroup Says It ‘Significantly’ Curbed Lending to Buyout Firms
Citigroup Inc. has heavily cut back on its business of lending to buyout firms as part of the
2023-07-15 01:48
UPS to train nonunion employees as talks with union for 340,000 workers stalls and deadline nears
A little more than a week after contract talks between UPS and the union representing 340,000 of its workers broke down, UPS said it will begin training many of its non-union employees in the U.S. to step in should there be a strike, which the union has vowed to do if no agreement is reached by the end of this month
2023-07-15 01:23
JPMorgan, Wells Fargo expect deposits to extend Q2 declines
By Saeed Azhar and Nupur Anand NEW YORK Deposits at U.S. banking giants including JPMorgan and Wells Fargo
2023-07-15 01:21
JPMorgan, Wells Fargo prepare for losses on office loans
By Matt Tracy (Reuters) -JPMorgan Chase and Wells Fargo said on Friday they set aside more money for expected losses
2023-07-15 01:15
Stock market today: Wall Street ticks higher after profit reports, heads for another winning week
Stocks are ticking higher following stronger profit reports than expected from several financial giants
2023-07-15 01:00
Putin wants to attend an August summit. Host country South Africa doesn't want to have to arrest him
South Africa's deputy president says Russian President Vladimir Putin wants to attend an economic summit in South Africa next month but the country is trying to persuade him to stay away to avoid the legal and diplomatic fallout over his international arrest warrant
2023-07-15 00:57
Rescuers evacuate 14,000 people from flood-hit villages in eastern Pakistan
A top Pakistani provincial official says rescuers in boats have evacuated 14,000 people over the past several days after floodwaters from two rivers swollen by monsoon rains inundated dozens of villages in eastern Punjab province
2023-07-15 00:56
Energy sector left behind as Wall Street exits bear market
Falling crude oil prices and lingering worries about the global economy have been sapping power from energy stocks throughout 2023
2023-07-15 00:27
US Treasury surveys dealers on auctions, buyback program
The U.S. Treasury Department is asking primary dealers their views on what specific bonds it should issue more
2023-07-15 00:25