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Banks

Lagarde says ECB will cut rates soon, barring any major surprises

by Adrian Jhonsan
Lagarde says ECB will cut rates soon, barring any major surprises

Christine Lagarde, president of the European Central Bank (ECB), at a rates decision news conference in Frankfurt, Germany, on Thursday, April 11, 2024. Bloomberg | Bloomberg | Getty Images European …

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Bank of England scraps fan charts in forecast overhaul

by Adrian Jhonsan
Bank of England scraps fan charts in forecast overhaul

The exterior of the Bank of England in the City of London, United Kingdom. Mike Kemp | In Pictures | Getty Images LONDON — The Bank of England on Friday announced a …

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Jamie Dimon warns that inflation, wars and Fed policy pose major threats ahead

by Adrian Jhonsan
Jamie Dimon warns that inflation, wars and Fed policy pose major threats ahead

JPMorgan Chase CEO and Chairman Jamie Dimon gestures as he speaks during the U.S. Senate Banking, Housing and Urban Affairs Committee oversight hearing on Wall Street firms, on Capitol Hill …

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Wells Fargo kicks off our bank earnings Friday. Rate cuts and dealmaking will be in focus this season

by Adrian Jhonsan
Wells Fargo kicks off our bank earnings Friday. Rate cuts and dealmaking will be in focus this season

What a difference a year makes. Club holding Wells Fargo will post quarterly results on Friday, followed by our other financial holding, Morgan Stanley, on Tuesday. The industry’s first-quarter results …

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New Swiss bank laws could derail UBS’ challenge to Wall Street giants

by Adrian Jhonsan
New Swiss bank laws could derail UBS’ challenge to Wall Street giants

Sergio Ermotti, CEO of Swiss banking giant UBS, during the group’s annual shareholders meeting in Zurich on May 2, 2013.  Fabrice Coffrini | Afp | Getty Images Switzerland’s tough new …

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Banks made big climate promises. A new study doubts they work.

by Adrian Jhonsan
Banks made big climate promises. A new study doubts they work.

LONDON – Two and half years ago, bankers and investors attended the United Nations climate summit in Glasgow, Scotland, an annual event normally dominated by activists and policymakers. It was …

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Jamie Dimon says AI may be as impactful on humanity as printing press, electricity and computers

by Adrian Jhonsan
Jamie Dimon says AI may be as impactful on humanity as printing press, electricity and computers

Jamie Dimon, CEO of JPMorgan Chase, testifies during the Senate Banking, Housing and Urban Affairs Committee hearing titled Annual Oversight of Wall Street Firms, in the Hart Building on Dec. …

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UBS CEO says Credit Suisse will be a case study for big bank mergers

by Adrian Jhonsan
UBS CEO says Credit Suisse will be a case study for big bank mergers

The mammoth integration of failed bank Credit Suisse into its former rival UBS will act as a “case study,” UBS CEO Sergio Ermotti said on Friday, one that will show …

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Coinbase partner ClearBank posts first full-year of profit

by Ev Richard
Coinbase partner ClearBank posts first full-year of profit

Charles McManus, CEO of ClearBank, speaks at the Innovate Finance Global Summit in April 2023. Chris Ratcliffe | Bloomberg | Getty Images ClearBank, a British financial technology firm powering payments …

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Swiss banking giant UBS to launch share buyback of up to $2 billion

by Adrian Jhonsan
Swiss banking giant UBS to launch share buyback of up to  billion

UBS logo is seen at the office building in Krakow, Poland on February 22, 2024. Jakub Porzycki | Nurphoto | Getty Images UBS on Tuesday announced a new share repurchase …

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