With China playing catchup with the U.S., these 3 charts show the top countries for fintech in 2023
From the U.S. to China, countries around the world are battling it out to lead on financial technology, a heavily…
Morgan Stanley says Ted Pick will succeed James Gorman as CEO on Jan. 1
Morgan Stanley said Wednesday that Ted Pick will succeed James Gorman as CEO at the start of 2024. Pick, a…
Deutsche Bank shares surge 7% after net profit beats expectations
Deutsche Bank shares popped on Wednesday, after the lender slightly beat expectations with its thirteenth straight profitable quarter and said…
Jamie Dimon rips central banks for being ‘100% dead wrong’ on economic forecasts
JPMorgan Chase CEO Jamie Dimon on Tuesday warned about the dangers of locking in an outlook about the economy, particularly…
Barclays down 6.5% after warning of fourth-quarter cost-cutting charges
LONDON — Barclays shares retreated on Tuesday as investors assessed the prospect of cost-cutting charges, pressure on domestic interest margins…
Big banks are done reporting earnings. Here’s how our financial names performed against peers
Despite a murky macroeconomic environment and heightened fears around the health of the banking sector, the nation’s largest financial institutions…
Regional bank shares slump as lenders warn of more pain from higher interest rates
Regional banks suffered a steep sell-off Friday after a number of weak quarterly earnings reports highlighting the negative impact from…
Big banks are quietly cutting thousands of employees, and more layoffs are coming
The largest American banks have been quietly laying off workers all year — and some of the deepest cuts are…
As U.S.-China tensions rumble on, fintech unicorn Airwallex pushes into Latin America with Mexico deal
Global fintech giant Airwallex on Thursday said it has agreed to acquire MexPago, a rival payments company based out of…
Morgan Stanley shares fall over 6% as wealth management results disappoint
Morgan Stanley posted third-quarter results Wednesday that topped profit estimates on better-than-expected trading revenue. Here’s what the company reported: Profit…
