Reports indicate that China’s major state-owned banks have been actively selling U.S. dollars to acquire yuan in both onshore and…
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BankingTop News
US bank stocks fall on prospect of tougher oversight, more downgrades
by Lucas Finisby Lucas FinisThe shares of U.S. banks experienced a decline on Tuesday as concerns over tighter regulations and potential downgrades by Fitch…
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BankingTop News
Russian central bank jacks up rates to 12% to support battered rouble
by Jack B.by Jack B.Russia’s central bank has taken decisive action in response to the recent decline of the rublehiking its key interest rate…
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Dutch cooperative bank Rabobank (RABO.UL) announced on Thursday a significant surge in its first-half profitwith elevated interest rates boosting interest…
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BankingInvestmentTop News
Wall St ends lower after bank rating cuts spark wider sell-off
by Lucas Finisby Lucas FinisIn a widespread selloff driven by credit rating agency Moody’s downgrade of several lendersall three major Wall Street indices concluded…
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European stock markets experienced a decline on Tuesdaydriven by pressure on Italian banks following the cabinet’s approval of a windfall…
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BankingTop News
EU banks face liquidity checks next year after 2023 crises
by Lucas Finisby Lucas FinisThe European Union’s banking sector is gearing up to face intense scrutiny over its preparedness to weather major crises without…
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BankingInvestmentTop News
US Bancorp Forecasts Lower Full-Year Net Interest Income, Shares Drop in Pre-market Trading
by Lucas Finisby Lucas FinisOn July 19th, US Bancorp (USB.N), a prominent American bank issued a forecast for its full-year net interest income (NII)that…
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BankingInvestmentTop News
Northern Trust Reports 17% Drop in Q2 Profit, Driven by Lower Fee-Based Income
by Jack B.by Jack B.On July 19th, Northern Trust (NTRS.O), an asset and wealth manager, disclosed a 17% decline in its second-quarter profits. The…
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BankingInvestmentTop News
Goldman Sachs Faces Steeper-than-Expected Profit Decline in Q2 Due to Consumer Business Retreat and Investment Writedowns
by Jack B.by Jack B.On July 19th 2023, investment banking giant Goldman Sachs Group (GS.N) released its second-quarter financial reportrevealing a significant drop in…
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