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Bessent, Powell warned bank CEOs about Anthropic model risksThe meeting, held at the Treasury Department in Washington on Tuesday, was aimed at ensuring banks are aware of the potential risks posed ...
US Presidential Election 2024: Donald Trump’s donor list in 2020 vs. 2024; and who’s donated how much to Biden and HarrisElon Musk shared insights into the top donors for the 2020 and 2024 US presidential elections. In 2020, Trump's funding came from governmen...
Big bank CEOs to flag economic, regulatory challenges to US houseDimon, who is due to testify alongside Scharf and other major US bank CEOs at congressional hearings Wednesday and Thursday, will outline t...
S&P 500 snaps four-session losing streak with payrolls on deckThe benchmark S&P index has stumbled nearly 6% over the prior four sessions, which began after Fed Chair Jerome Powell signaled on Friday t...
Global stocks set for partial, lackluster and uneven recovery: PollThat shift in view was largely down to stocks no longer having a backstop from central bankers, who are turning off the liquidity taps and ...
Morgan Stanley reports 11% decline in profits in March quarter due to deal-making, mortgages slowdownMorgan Stanley and other big banks reported a noticeable decline in profit in the first quarter. Morgan Stanley quarterly result shows an 1...
After US bank stock surge, options traders brace for earnings-fueled volatilityJPMorgan shares, for instance, have slipped for five straight quarters on the day it reported results. Shares of Citi and Wells Fargo have ...
Wells Fargo says no losses from Archegos downfallLosses at Archegos, a family office run by former Tiger Asia manager Bill Hwang, sparked fears among investors that banks would be forced t...
JPMorgan lending ratio falls as bank is flooded with depositsThe fourth-quarter loans-to-deposits ratio dipped to 47 per cent from 64 per cent a year ago, JPMorgan said Friday. Loans increased by 2 pe...
Healthy outlook from US banks is good news for Indian ITUS banks, including Citibank, JP Morgan, Goldman Sachs, Wells Fargo and Bank of America have said they would continue to invest in technolo...
Big banks to report first-quarter results with lowered expectationsSlowdown jitters have also hit 10-year Treasury yields.
Tech arm of global banks pushed more work to India in FY18Goldman Sachs Services saw total revenue rise 20% to Rs 2,963 crore. Wells Fargo EGS India reported a nearly 28% increase in revenue from o...
Blackstone sells 7.55 per cent stake in SH Kelkar for Rs 334 croreAt the end of the March quarter, Blackstone Capital Partners (Singapore) VI FDI Two Pte held 2.53 crore shares or 17.53 per cent stake in t...
New risk rule could end up punishing wrong banksThe quirk is the result of risk weighting, the mathematical models that treat trading assets as safer than corporate or consumer lending.
RIL takes its shale reserves to global banks to raise upto $1 billionRIL is in the process of raising close to a billion dollars from global financial institutions and banks including JP Morgan, Wells Fargo a...
- Genpact increases annual revenue guidance to $1.9 billion
Genpact increased its annual revenue guidance to $1.9 billion, buoyed by sales from Netherlands-based Accounting Plaza which it acquired la...
- JPMorgan, Citi hold out hope for bankers
The bottom of the credit cycle is past, say BoFA, JPMorgan Chase, Citi and Wells Fargo.