Barclays has kicked off a fresh round of redundancies, cutting “a few hundred roles” at its investment bank as it ramps up efforts to tackle underperformers and reinvest in new talent, sources with direct knowledge of the matter told Reuters.
Mastercard reported first-quarter profit that exceeded Wall Street expectations on Wednesday, on higher card spending by U.S. consumers despite rising borrowing costs and persistent inflation.
Private equity firm KKR & Co Inc said on Wednesday its first-quarter adjusted net income jumped 20% year-on-year, driven by strong management and transaction fees as well as earnings from its annuities business.
New York Community Bancorp on Wednesday forecast profits for the next two years that topped analysts’ predictions by a wide margin, sending its beaten-down stock up 20%.
Carlyle Group said on Wednesday its first quarter distributable earnings jumped nearly 59% year-on-year driven by strong asset sales across its private equity portfolio.
Australia’s biggest banks are likely to report weaker first-half profit as high operating costs and competition to sell mortgages and deposits squeeze margins, setting up a possible reversal of a stock rally that analysts said has left the sector overheated.
Canada’s TD Bank said on Tuesday it had taken an initial provision of $450 million in relation to ongoing discussions with a U.S. regulator over an anti-money laundering probe and any penalties it might be slapped with.
Westpac Banking Corp has pushed back the closures of its regional branches until at least 2027 and will invest more than A$150 million over the next two years to improve services at these branches, the lender said early on Wednesday.
South Africa’s largest cryptocurrency exchange VALR will now offer crypto asset services in Poland and is eyeing other jurisdictions across the globe, in hopes to take on some of world’s crypto giants, its CEO told Reuters.
The world’s largest asset manager BlackRock said on Tuesday it plans to launch a new investment platform in Saudi Arabia, backed by up to $5 billion from Saudi sovereign wealth fund the Public Investment Fund (PIF).
