JPMorgan doubles down on UK retail bank Chase
Wall Street giant JPMorgan is planning to double the size of its workforce at fledgling British retail bank Chase to at least 2,000 within two years, the CEO of the venture told Reuters, despite losses and some investor scepticism.
Goldman Sachs Closes $9.7 Billion Private-equity Fund, Largest Since 2007
Goldman Sachs Group Inc has closed a $9.7 billion private-equity fund, its largest since 2007, that seeks to invest in companies with an enterprise value of about $750 million to $2 billion, the bank said on Tuesday.
Europe's STOXX 600 climbs 1% after three-day selloff; Nexi shines
Europe's STOXX 600 index rose on Tuesday, led by automakers and travel stocks following a three-day selloff triggered by global recession fears, while Italian payments group Nexi topped the benchmark index on a strong business outlook.
Europe throws billions at energy crisis
Almost every week now, European governments are announcing emergency measures to protect households and businesses from the energy crisis stemming from Russia's war in Ukraine.
Analysis-Rally In U.S. Consumer Stocks Teeters With Fed, Inflation In Focus
Expectations of more Federal Reserve tightening and economic worries are weighing on a rebound in consumer discretionary stocks, though some investors believe the sector will outperform other areas of the market if growth begins to wobble in coming months.
Asian stocks brace for salvo of central bank hikes
Share markets idled in Asia on Monday as investors braced for a week littered with 13 central bank meetings that are certain to see borrowing costs rise across the globe and some risk of a super-sized hike in the United States.
AIG unit Corebridge raises $1.68 billion in year's largest IPO
AIG Inc's life insurance and retirement division Corebridge Financial Inc raised $1.68 billion on Wednesday in the biggest initial public offering (IPO) so far this year, braving market volatility and ending a seven-month lull in major listings.
JPMorgan, BofA cautious on job cuts as Goldman layoffs loom
JPMorgan Chase and Bank of America, the two largest U.S. banks by assets, expressed caution about job cuts in contrast with Goldman Sachs, where hundreds of layoffs could start as early this month.
Macy's predicts another early start to holiday season shopping
Macy's Inc expects another early start to holiday season shopping this year, a contrast to a prediction from Best Buy Co Inc that highlights the uncertainty among U.S.
Bank of England proposes 'more British style' of finance regulation
The Bank of England said on Thursday it would move to a "more British style of regulation" for the country's huge financial services industry as it seeks to take advantage of Brexit.
Credit Suisse Strikes Deal To Buy Out China Joint Venture Partner
Credit Suisse said on Thursday it had struck a deal to buy out its local partner in a Chinese securities joint venture, reaffirming its commitment to the world's second-biggest economy amid doubts about the scandal-hit Swiss bank's plans.
Analysis-Sterling returns to the 1980s, and it may get cheaper still
Sterling's slide against the dollar to a rate last seen in 1985 has sparked talk of a dramatic spiral downwards that ends in a collapse in confidence in British assets and a balance of payments crisis.
Britain's struggling currency will not regain its losses against the U.S.
Sterling, down about 15% this year and wallowing around 2-1/2 year lows against the dollar, was expected to hover near Tuesday's $1.16 level in one and three months time.
UK shoppers, feeling the inflation hit, cut back on non-essentials
British shoppers are cutting back on purchases of clothes and other non-essential items as they try to cover their sky-rocketing utility bills and higher food prices, surveys showed on Tuesday.
Go Big Or Even Bigger?: Five Questions For The ECB
European Central Bank policymakers meeting on Thursday have a choice between a big 50 basis point interest rate hike, or an even bigger one to contain record high inflation.
Investment Banks Rush To Cut Yuan Forecasts, 7 Per Dollar At Risk
Major investment houses have cut their yuan forecasts as its fall against the dollar accelerates, with some expecting a breach of the 7-per-dollar milestone before next month's politically sensitive Party Congress despite authorities' efforts to slow the slide.
Truss v Sunak: contrasting approaches in UK leadership battle
Truss, 47, has described her ascent towards the top of British politics as a "journey" that has seen her criticised for being ambitiously opportunistic.
Banks Battle Back-to-office Fatigue With Ping Pong, Snacks, Indoor Gardens
Finance bosses are offering more incentives, including free meals, ping pong and "contemplative spaces" as they battle to get staff back to the office, while concerns about the cost and value of commuting to work weigh on attendance worldwide.
UK political upheaval and stagflation fears weigh on pound
Many currencies are struggling against the greenback, which has been galvanised by the US Federal Reserve's stated intention to continue raising its key rates.
UK energy bill help won't lower inflation, statisticians rule
British government energy bill rebates for households cannot be viewed as lowering inflation, official statisticians said on Wednesday, ruling out the possibility of a modest reduction to rates of price growth that are running at 40-year highs.
US senator Bernie Sanders backs UK strikers
The independent US senator Bernie Sanders on Wednesday gave his backing to striking British railway workers.
Experienced Truss favourite to be next UK PM
Truss, 47, has described her ascent towards the top of British politics as a "journey" that has seen her criticised for being ambitiously opportunistic.
Wall Street week ahead: U.S. summer stock rally at risk as September looms
The 13% rally in the S&P 500 from its June lows will soon run into what has historically been the toughest month for the U.S.
Analysis-Indonesia Bulls Cheer Better-late-than-never Rate Hike
Indonesia's first interest rate hike in four years made its central bank one of the last to abandon pandemic-era monetary settings, but it's also given investors cause to stay bullish on one of the world's more resilient emerging markets.
Goldman Sachs' long-running gender bias lawsuit set for June 2023 trial
A U.S. federal judge on Monday rejected Goldman Sachs Group Inc's bid to dismiss most of a 12-year-old class action alleging widespread bias against women in pay and promotions, and said the case will finally go to trial next June.
Factbox-Big Banks Expected To Rack Up More Than $1 Billion In Fines For WhatsApp Use
Banking giants such as JPMorgan Chase & Co and Bank of America collectively face more than $1 billion in regulatory fines for employees' use of unapproved messaging tools, including email and apps like WhatsApp.
Oil prices fall but inflation stays high
Oil prices are set in dollars, so any rise in the currency makes barrels more expensive for importers using other currencies.
Asset Managers On Alert After 'WhatsApp' Crackdown On Banks
Asset managers are tightening controls on personal communication tools such as WhatsApp as they join banks in trying to ensure employees play by the rules when they do business with clients remotely.
Skeptical On U.S. Stocks, Equity Hedge Funds Sit Out Market Rally
Still uncertain on where U.S. stocks are headed, equity hedge funds are sitting out the market rally despite taking big paper losses on bearish bets since June, according to industry executives and market data.
Column - Scarcity Changes The LME Warehousing Game: Andy Home
The London Metal Exchange's (LME) global warehousing network is shrinking rapidly.