Banks – Page 5 – ReportWire

Commerzbank board member warns of significant job losses with a hostile UniCredit takeover

[ad_1] 15 February 2024, Hesse, Frankfurt/M.: The lettering “Commerzbank” can be seen on the Commerzbank Tower in the center of the banking city. Boosted by the...

Banking7 months ago

Wall Street hovers near record highs. Here’s why we want to see choppiness

[ad_1] Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments....

Banking7 months ago

UniCredit boosts its stake in Commerzbank, applies to own up to 29.9% of the German bank

[ad_1] Commerzbank headquarters in the financial district of Frankfurt, Germany, on Sept. 12, 2024. Bloomberg | Bloomberg | Getty Images UniCredit announced on Monday it had...

Business7 months ago

The next banking crisis could be spurred by climate change

[ad_1] America’s smallest banks face potentially destructive losses from climate-related weather disasters, according to a first-of-its-kind report from a climate change nonprofit. And they’re not even...

Banking7 months ago

American Airlines in talks to pick Citigroup over rival bank Barclays for crucial credit card deal, sources say

[ad_1] An American Airlines’ Embraer E175LR (front), an American Airlines’ Boeing 737 (C) and an American Airlines’ Boeing 737 are seen parked at LaGuardia Airport in...

Banking7 months ago

We’re trimming a bank stock on a post-Fed pop and still considering swapping it for another

[ad_1] Shortly after the opening bell, we’re selling 100 shares of Morgan Stanley at roughly $101 each. Following Thursday’s trade, Jim Cramer’s Charitable Trust will own...

Banking7 months ago

What buying Commerzbank would mean for UniCredit — and the banking sector

[ad_1] The Commerzbank building (second from right) in Frankfurt am Main, western Germany, on Sept. 25, 2023. Kirill Kudryavtsev | Afp | Getty Images UniCredit‘s move...

Banking7 months ago

Pimco discusses the impact of Fed rate cut on private credit markets

[ad_1] ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Christian Stracke, President & Global Head of Credit Research Group at Pimco,...

Banking7 months ago

The Federal Reserve just cut interest rates by a half point. Here’s what that means for your wallet

[ad_1] People shop at a grocery store on August 14, 2024 in New York City. Spencer Platt | Getty Images The Federal Reserve announced Wednesday it...

Banking7 months ago

Here’s what Morgan Stanley, Wells Fargo stand to gain from lower interest rates

[ad_1] Big Wall Street banks and interest rates have a complicated relationship. As the Federal Reserve on Wednesday afternoon embarks on easing monetary policy, banks are...

Banking7 months ago

JPMorgan creates new role overseeing junior bankers as Wall Street wrestles with workload concerns

[ad_1] JPMorgan Chase CEO and Chairman Jamie Dimon gestures as he speaks during the U.S. Senate Banking, Housing and Urban Affairs Committee oversight hearing on Wall...

Banking7 months ago

An ‘AI apocalypse’ is coming to investing. How financial advisors can prepare

[ad_1] Artificial intelligence is expected to transform the way companies do business, including those in financial planning and investment management. That means financial advisors need to...

Banking7 months ago

Apple is in talks with JPMorgan for bank to take over card from Goldman Sachs

[ad_1] Apple CEO Tim Cook introduces the Apple Card during a launch event at Apple headquarters in Cupertino, California, on March 25, 2019. Noah Berger |...

Banking7 months ago

FDIC unveils rule forcing banks to keep fintech customer data in aftermath of Synapse debacle

[ad_1] Tsingha25 | Istock | Getty Images The Federal Deposit Insurance Corp. on Tuesday proposed a new rule forcing banks to keep detailed records for customers...

Banking7 months ago

CNBC Daily Open: Rate cuts might not benefit tech the most

[ad_1] The sun rises behind the skyline of lower Manhattan and One World Trade Center as people walk along the Hudson River on September 14, 2024,...

Banking7 months ago

CNBC Daily Open: Tech might not be the biggest beneficiary of rate cuts

[ad_1] The sun rises behind the skyline of lower Manhattan and One World Trade Center on September 14, 2024, in Jersey City, New Jersey. Gary Hershorn...

Banking7 months ago

India’s central bank chief plays down fears of a deposit crunch

[ad_1] Despite widespread bullishness on India, with its stock market highs and healthy bank balance sheets, a shortage of deposits is causing some uneasiness in the...

Banking7 months ago

KBW CEO Tom Michaud on the Fed’s rate decision, state of banking sector and Basel III requirements

[ad_1] ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Thomas Michaud, KBW president and CEO, joins ‘Squawk Box’ to discuss this...

Banking7 months ago

RBI Governor: Monitoring for any signs of stress in banking sector

[ad_1] Shaktikanta Das, the Governor of the Reserve Bank of India, spoke at length about the strict regulation of the NBFC sector, highlighting the RBI's commitment...

Banking7 months ago

Axis AMC CIO: Banking earnings to “be more muted” this year

[ad_1] ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Ashish Gupta, CIO at Axis Mutual Fund sees a pickup in Indian...