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Finance
Editor
15 Kasım 2023
Citigroup begins layoffs as part of CEO Jane Fraser’s corporate overhaul
Citigroup will soon begin layoffs in CEO Jane Fraser’s corporate overhaul, CNBC has learned. Employees affected by the cuts will…
Finance
Editor
15 Kasım 2023
UBS boss Ermotti says ‘incredible’ bond demand is ‘a signal to the Swiss banking system’
UBS Group CEO Sergio Ermotti says the “incredible” market demand for the bank’s recent issuance of AT1 (additional tier one)…
Finance
Editor
14 Kasım 2023
Former St. Louis Fed president says the FOMC still has ‘a ways to go’ on inflation
Former St. Louis Fed President Jim Bullard says the Federal Reserve still has “a ways to go” in fighting inflation…
Economy
Editor
14 Kasım 2023
UBS sees a raft of Fed rate cuts next year on the back of a U.S. recession
UBS expects the U.S. Federal Reserve to cut interest rates by as much as 275 basis points in 2024, almost…
Finance
Editor
8 Kasım 2023
HSBC to launch storage services for tokenized securities as more big banks warm to blockchain
HSBC on Wednesday announced it will offer custody services for tokenized securities, making the British bank the latest major institution…
Finance
Editor
8 Kasım 2023
UBS resumes selling the bonds at the heart of Credit Suisse controversy
UBS on Wednesday began selling Additional Tier 1 (AT1) bonds — which were at the heart of controversy during its…
Finance
Editor
7 Kasım 2023
UBS shares rise 3% as market focuses on strong underlying profit
UBS shares climbed on Tuesday morning after the Swiss banking giant resoundingly beat expectations for underlying profit. The bank recorded…
Finance
Editor
6 Kasım 2023
Klarna, Europe’s $6.7 billion buy now, pay later firm, sets wheels in motion for eventual IPO
Buy now, pay later firm Klarna has established a holding company in the U.K. that will sit at the top…
Finance
Editor
6 Kasım 2023
Citigroup considers deep job cuts for CEO Jane Fraser’s overhaul, called ‘Project Bora Bora’
When Citigroup CEO Jane Fraser announced in September that her sweeping corporate overhaul would result in an undisclosed number of…
Finance
Editor
6 Kasım 2023
Singapore’s largest bank DBS beats forecast, quarterly profit jumps 17%
Southeast Asia’s largest lender DBS Group reported a 17% jump in third-quarter profit on Monday, benefiting from a high-interest rate…
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