Franklin Resources , better known as Franklin Templeton, on Tuesday beat estimates for fourth-quarter profit as strong performance of its equity and alternative funds helped counter weakness in its fixed-income business.
Global Payments raised its annual profit forecast and beat Wall Street estimates for third-quarter profit on Tuesday, as strong consumer spending drove growth in its merchant-focused business.
Global index provider MSCI on Tuesday posted a higher third-quarter profit as product subscriptions benefited from a market recovery led by bets of the U.S. Federal Reserve easing up on rate hikes.
Spanish banking group BBVA expects further asset deterioration in South America by the end of the year, it said on Tuesday, due to worsening economic conditions and pressure from higher interest rates.
The Swiss National Bank on Tuesday posted a 12.04 billion franc ($13.36 billion) loss for the third quarter as the central bank lost money on its gold, foreign currency investments and Swiss franc positions.
U.S. equity long/short hedge funds have cut to six year lows the level at which swings in the S&P 500 affect their profits or losses, as portfolio managers are taking less directional bets, data from hedge fund research firm PivotalPath showed.
Britons are turning to unregulated “buy-now-pay-later” credit in ever increasing numbers to pay their bills, the Financial Conduct Authority said on Tuesday, in the latest sign of how the country’s cost of living crisis continues to bite.
Deutsche Bank plans to cut the number of its Postbank branches from around 550 to 300 by mid-2026 as it adapts to changing demand, a spokesperson said in a written statement on Monday.
Deutsche Bank plans to close nearly half its Postbank branches by mid-2026 in response to changing demand from customers, a spokesperson for the German bank said on Monday.
Spanish lenders could find themselves affected by increasing global risks, such as higher-for-longer interest rates that could inflate their so far contained retail deposit costs and also lead to more bad loans, the Bank of Spain warned on Monday.
