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Banks

Shares of Italy’s UniCredit jump 10% and hit eight-year high on earnings beat

by Adrian Jhonsan
Shares of Italy’s UniCredit jump 10% and hit eight-year high on earnings beat

A logo on the UniCredit SpA headquarters in Milan, Italy, on Saturday Jan. 22, 2022. Bloomberg | Getty Images Shares of Italian bank UniCredit hit their highest level since 2015 …

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Goldman Sachs-backed electricity firm to reach more Americans’ homes

by Milton Acorn
Goldman Sachs-backed electricity firm to reach more Americans’ homes

Omar Marques | Lightrocket | Getty Images Goldman Sachs abandoned an ill-fated push into consumer banking in late 2022, but an investment in a Texas energy retailer means its reach …

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Categories Science

Bank of England leaves policy unchanged, says interest rates are ‘under review’

by Adrian Jhonsan
Bank of England leaves policy unchanged, says interest rates are ‘under review’

A passageway near the Bank of England (BOE) in the City of London, U.K., on Thursday, March 18, 2021. Hollie Adams | Bloomberg | Getty Images LONDON — The Bank of …

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Julius Baer hit by Signa exposure, announces CEO exit and job cuts

by Adrian Jhonsan
Julius Baer hit by Signa exposure, announces CEO exit and job cuts

A pedestrian sheltering under an umbrella passes a Julius Baer Group Ltd. branch in Zurich, Switzerland, on Tuesday, July 13, 2021. Stefan Wermuth | Bloomberg | Getty Images Swiss bank …

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Japan’s Aozora Bank tanks after flagging losses tied to US commercial property

by Adrian Jhonsan
Japan’s Aozora Bank tanks after flagging losses tied to US commercial property

A pedestrian walks past a sign for Aozora Bank Ltd. at the company’s headquarters in Tokyo, Japan, on Friday, May 14, 2010. Tomohiro Ohsumi | Bloomberg | Getty Images Shares …

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Deutsche Bank smashes profit estimates and boosts shareholder returns

by Adrian Jhonsan
Deutsche Bank smashes profit estimates and boosts shareholder returns

Deutsche Bank on Thursday smashed fourth-quarter earnings expectations, reporting net profit of 1.3 billion euros ($1.4 billion) and announcing a further 1.6 billion euros in shareholder returns for 2024. The …

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Man pleads guilty in $1B scheme to dodge NY money laundering rules

by James Odonell
Man pleads guilty in B scheme to dodge NY money laundering rules

Las Vegas Review-journal | Tribune News Service | Getty Images A man described as an “experienced anti-money laundering specialist” pleaded guilty on Wednesday to illegally funneling more than $1 billion …

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Categories Politics

FDIC attorney Mark Black pleads guilty in child sex exploitation case

by Adrian Jhonsan
FDIC attorney Mark Black pleads guilty in child sex exploitation case

The Federal Deposit Insurance Corp. (FDIC) headquarters in Washington, DC, US, on Monday, March 13, 2023. Al Drago | Bloomberg | Getty Images A former high-ranking lawyer at the Federal …

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How Morgan Stanley, Wells Fargo performed versus peers in Q4 earnings

by Adrian Jhonsan
How Morgan Stanley, Wells Fargo performed versus peers in Q4 earnings

Earnings from America’s biggest banks are in, and they were messy. Investors had to look past billions of dollars in special payments to replenish the government’s deposit backstop after the …

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Categories World

Deutsche Bank CEO says acquisitions not a ‘priority’ as Commerzbank rumors swirl

by Adrian Jhonsan
Deutsche Bank CEO says acquisitions not a ‘priority’ as Commerzbank rumors swirl

Christian Sewing, Chief Executive Officer of Deutsche Bank, has acknowledged that a recession in Germany is inevitable, and urged leaders to accelerate its decoupling from China. Denis Balibouse | Reuters …

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