Deutsche Bank (DBK) Q2 earnings
Deutsche Bank on Wednesday snapped a 15-quarter profit streak with a narrower-than-expected loss, as it made a provision for an ongoing lawsuit over its Postbank division. Shares fell more than …
Banks
Day of disruptions, dashed plans for many Canadians after global tech outage
Canadians weren’t spared the headaches of cancelled flights, delayed medical appointments and other problems caused by a failed cybersecurity software upgrade that caused a host of cascading issues around the globe …
Morgan Stanley OpenAI-powered assistant to roll out for wealth advisors
Bing Guan | Bloomberg | Getty Images Morgan Stanley is pushing further into its adoption of artificial intelligence with a new assistant that is expected to take over thousands of …
Australia’s central bank says current policy causes households pain
Australia’s central bank said on Wednesday that monetary policy was restrictive with the current cash rate causing financial pain for many households, but it could not rule out further tightening …
Hong Kong lenders ready for e-trading, cheque settlement under new policy of stock trading during typhoons, HKAB says
“Thanks to sustained investments in technology and robust infrastructure, Hong Kong’s banking community is well prepared for remote work and well placed to meet customers’ trading needs,” the statement said. …
Standard Chartered to Launch Bitcoin and Ether Trading Desk: Report
British multinational bank Standard Chartered is all set to roll out a trading desk for Bitcoin and Ether. The latest development makes it one of the first global banks to …
Citigroup, JPMorgan Chase, Goldman Sachs hit by regulators
Jane Fraser, CEO of Citigroup, testifies during the Senate Banking, Housing, and Urban Affairs Committee hearing titled Annual Oversight of the Nations Largest Banks, in Hart Building on Thursday, September …
NatWest swoops on retailer Sainsbury’s banking business
Customers use automated teller machines (ATM) at a Sainsbury’s supermarket in London, UK, on Tuesday, Feb. 14, 2023. The Office for National Statistics are due to release the latest UK …
Switzerland trims key interest rate to 1.25% in second cut of the year
A view of the headquarters of the Swiss National Bank (SNB), before a press conference in Zurich, Switzerland, March 21, 2024. Denis Balibouse | Reuters The Swiss National Bank on …
UK BNPL fintech Zilch raises $125 million, sees IPO within 2 years
Zilch CEO Phil Belamant. Zilch LONDON — British fintech firm Zilch said Wednesday it’s raised $125 million in debt financing from German banking giant Deutsche Bank in a deal that …