Transactions paid with foreign credit cards are helping circulate more foreign currency in Venezuela, where the government has locked in an exchange rate as part of efforts to control double-digit inflation, four public sector and finance sources said.
3M said on Thursday it would transfer about $2.5 billion of its U.S. pension payment obligations and related plan assets for nearly 23,000 U.S. retirees and beneficiaries to Metropolitan Tower Life Insurance.
Goldman Sachs aims to double its lending over the next five years to ultra-wealthy private bank clients with account sizes exceeding $10 million, as it gathers more deposits to supercharge lending, the bank’s private banking chief told Reuters.
Lloyds Banking Group will leave one of its London office sites as part of a consolidation into three remaining premises, the British bank said on Thursday.
When Keith Gill appeared on a YouTube video in the summer of 2020 to discuss GameStop , he argued that the company’s future was far rosier than the market expected. Nearly four years later, he remains bullish, even if most of his key predictions have gone unfulfilled.
Virgin Money UK on Thursday warned of a higher cost-to-income ratio in the second half of the year, as the British lender delayed certain restructuring plans due to an all-cash takeover proposal from building society Nationwide.
JPMorgan Chase boosted its outlook for investment banking revenue, forecasting a jump of 25% to 30% in the second quarter fueled by capital markets, a top executive said on Wednesday.
Stifel Financial on Wednesday said it was closing its office in Calgary, the oil and gas capital of Canada, in response to current economic uncertainties.
