[ad_1] Updated Jan. 12, 2024 8:00 am ET JPMorgan Chase’s fourth-quarter profit slipped, but it was still enough to push the bank to a record-breaking result for the full year.…
Tag: International Banks
Bank Earnings Season Is About to Start. Here’s What to Expect.
[ad_1] Big banks held up well in 2023, even though the Federal Reserve continued to raise interest rates at a fast clip. Reports on fourth-quarter bank earnings, which start this…
Citigroup Taking Charges on Argentina, Russia and Its Own Restructuring
[ad_1] Citigroup recorded a litany of one-time charges and expenses in the fourth quarter related to its exposures to Argentina’s debt market, Russia’s political instability and the bank’s own restructuring…
Analysis: ECB Is Likely To Cut Rates Before Fed, BNP Paribas AM Says
[ad_1] The European Central Bank is likely to cut interest rates in the spring, before the Federal Reserve does, as the eurozone economy is weaker than that of the U.S.,…
Bank of America trading fees rise 8% after push in markets business
[ad_1] Bank of America’s global markets unit edged up 8% in the third quarter after a fresh push in its trading business, helping the Wall Street bank beat market expectations…
Singapore Fines Credit Suisse for Bankers’ Misconduct
[ad_1] Dec. 28, 2023 12:08 am ET Singapore imposed a penalty of 3.9 million Singapore dollars (US$3.0 million) on Credit Suisse for failing to prevent or detect misconduct by its…
Credit-Card Spending Piles Up as Savings Dwindle
[ad_1] U.S. consumers continue to burn through their pandemic savings and are taking on more debt as they face high prices on everything from food and housing to entertainment. Marianne…
Canada Approves Royal Bank Deal for HSBC’s Canada Unit
[ad_1] Updated Dec. 21, 2023 9:20 pm ET OTTAWA—Canada on Thursday approved Royal Bank of Canada’s proposed $10.1 billion deal for HSBC Holdings’s Canadian unit, over a year after the…
Switzerland’s Financial Regulator Calls for Additional Powers After Credit Suisse Crisis
[ad_1] Published: Dec. 19, 2023 at 4:42 a.m. ET By Pierre Bertrand Switzerland’s financial market supervisory body called for stricter standards and additional powers following its post-mortem review of the…