Swiss banking giant UBS to launch share buyback of up to $2 billion
UBS on Tuesday announced a new share repurchase program of up to $2 billion, with up to $1 billion of…
Immigration is boosting the U.S. economy and has been ‘really underestimated,’ says JPMorgan research head
The recent surge in immigration into the U.S. is helping to bolster the economy despite a raft of global challenges,…
Bank of England set to hold rates, but falling inflation brings cuts into view
LONDON — The Bank of England is widely expected to keep interest rates unchanged at 5.25% on Thursday, but economists…
Banks are in limbo without a crucial lifeline. Here’s where cracks may appear next
The forces that consumed three regional lenders in March 2023 have left hundreds of smaller banks wounded, as merger activity…
‘Glitch’ at Ethiopia’s biggest bank sees customers withdraw millions that isn’t theirs
Ethiopia’s largest bank is struggling to recoup millions of dollars after a glitch over the weekend allowed customers to withdraw…
Morgan Stanley names a head of artificial intelligence as Wall Street leans into AI
Morgan Stanley promoted a tech executive in its wealth management division to become the bank’s first head of firm-wide artificial…
HSBC is ‘very positive’ about the future of China’s economy, CFO says
HSBC is “very positive” about the mid- to long-term outlook for the Chinese economy despite current headwinds, the British bank’s…
Shareholder payouts hit a record $1.7 trillion last year as bank profits surged
LONDON — Global dividend payouts to shareholders hit a record $1.66 trillion in 2023, according to a new report by…
Watch Fed Chair Powell testify live before Senate Banking Committee
[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a…
NYCB says it lost 7% of deposits in the past month, slashes dividend to 1 cent
New York Community Bank said Thursday it lost 7% of its deposits in the turbulent month before announcing a $1…
