Citigroup beat Wall Street expectations for second-quarter profit on Friday, boosted by a 60% jump in investment banking revenue and gains in its services division.
Institutional Shareholder Services (ISS) on Thursday said Enhabit shareholders should elect three AREX Capital Management director candidates to the nine member board, arguing the company needs more expertise in home health, hospice and public company financial reporting.
Wells Fargo’s second-quarter profit declined and the lender missed analysts’ estimates for interest income on higher deposit costs amid intense competition for customers’ money, sending its shares down more than 5% in premarket trading.
JPMorgan Chase beat estimates for second-quarter profit on Friday, as its investment banking business benefited from a resurgence in dealmaking and strong capital market activity.
BNY beat Wall Street’s expectations for second-quarter profit on Friday, as strong investment service fees more than offset lower interest income, sending the world’s largest custodian bank’s shares up more than 3% in premarket trading.
Chinese bank lending jumped less than expected in June while some key money gauges hit fresh record lows, highlighting weak demand in the world’s second-largest economy as the country’s top leaders prepare to meet to lay out longer-term policy goals.
The German bank regulator BaFin said on Friday that it had threatened to fine Berlin-based Solaris if it doesn’t meet deadlines to improve anti-money laundering controls and other shortfalls.
British fund manager Ashmore reported a further $2 billion of quarterly net outflows of client cash on Friday, as investors continued to shun the emerging markets specialist firm’s funds.
The rapid growth of private credit lending beyond its traditional market highlights its opaque nature and potential concerns among regulators about its future risks to the U.S. economy, according to a new Moody’s Ratings report that cites regulators and industry bodies.
Ireland’s central bank needs to improve the transparency and fairness of its vetting regime for key financial services industry roles, a review conducted by a former top supervisor at the European Central Bank found on Thursday.
