Chinese fears of a spillover from missed payments on some shadow banking linked trust products and worsening consumer sentiment are expected to hasten a policy response to revive the country’s cash-starved property sector.
An analyst at Fitch Ratings warned that U.S. banks, including JPMorgan Chase , could be downgraded if the agency further cuts its assessment of the operating environment for the industry, according to a report from CNBC on Tuesday.
Global wealth, as measured in personal holdings of assets from real estate to stocks and shares, is projected to rise 38% by 2027, driven largely by emerging markets, a study published by Credit Suisse and UBS showed on Tuesday.
First International Bank of Israel (FIBI) reported a 72% rise in second-quarter net profit, boosted by a jump in financing income due to higher interest rates.
Most investors still award bonuses to hedge funds even if their investments do not earn as much as a bank savings account would, Goldman Sachs said in a note to clients.
Bank Leumi , Israel’s largest lender, reported a 23% rise in second-quarter net profit, boosted by higher financing income due to a sharp rise in interest rates.
British specialist insurer Just Group reported a 154% jump in first-half profit on Tuesday, beating market estimates, boosted by bumper sales of its retirement income products and higher new business income.
