Tag Archives: bank
U.S. Bank Shares Rise on Bullish Signal From Trading Executive
J.P. Morgan Chase & Co.’s (JPM) revenue from trading stocks and bonds in the second quarter is on pace to rise 10% to 15% from a year ago, an early but bullish projection that helped lift several big U.S. bank stocks to 52-week highs on Tuesday. Continue reading
Brazil’s Itau to Buy Citigroup’s Consumer Finance Unit for BRL2.77 Billion
Brazilian bank Itau Unibanco Holding SA (ITUB, ITUB4.BR) has agreed to buy the Brazilian consumer finance unit of Citigroup Inc. (C) for 2.77 billion Brazilian reais ($1.38 billion), Itau said in a statement Tuesday Continue reading
Wall St jumps as banks lead S&P 500 to new high
By Ryan Vlastelica NEW YORK (Reuters) – U.S. stocks rose and extended a recent rally on Tuesday, with the Dow and the S&P 500 hitting new intraday highs as investors bet that the market's upward momentum would keep going. Continue reading
Bank Stocks Lead Bulls: Financial Winners
Updated from 4:22 p.m. ET with comments from Oppenheimer analyst Marty Mosby. NEW YORK (TheStreet) — Bank of New York Mellon was the winner among the largest financial names on Tuesday, with shares rising 4% to close at $32.26 Continue reading
Hungary Bank OTP’s 1st-Quarter Profit Down Less Than Seen on Provision Drop, Revenue Rise
OTP Bank Nyrt. Continue reading
J.P. Morgan Investors Examine Links With Directors
Shareholders are taking a close look at financial relationships between some J.P. Morgan Chase & Co. (JPM) board members and the company they oversee, in a sign of the scrutiny the nation’s largest bank faces in the wake of a multibillion-dollar trading loss last year. Continue reading
G7 Agrees To Push Ahead With Bank Reforms; Backs Japan’s Policies
LONDON (dpa-AFX) – The Group of Seven industrialized nations have agreed to push ahead with reforms in the banking sector in order to protect taxpayers from the impact of bank failures. They also … Continue reading
Morgan Stanley’s deputy head of investment banking exits: WSJ
(Reuters) – Morgan Stanley’s deputy head of investment banking, Ji-Yeun Lee, has left the firm in recent weeks, the Wall Street Journal reported, citing people familiar with the company. Lee was a key lieutenant to Paul Taubman, who previously co-headed the company’s investment bank. Continue reading
ECB’s Draghi says no call for G7 central banks to do more
Major central banks did not face calls to do more to boost the world economy when Group of Seven finance officials met on Saturday, European Central Bank President Mario Draghi said. Continue reading
Deutsche Bank Co-CEO Criticizes Low ECB Rates -Report
Deutsche Bank AG (DB, DBK.XE) Co-Chief Executive Juergen Fitschen has criticized the European Central Bank’s low interest rate, according to excerpts of an interview to be published Sunday in Frankfurter Allgemeine Sonntagszeitung. Continue reading
