In 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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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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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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