China’s Sudden Stock Rally Sucks Money From Rest of Asia
(Bloomberg) — A strong rebound in Chinese stocks is set to trigger a shift in global portfolios as some investors…
France’s BNP Paribas says there are too many European banks
A sign on the exterior of a BNP Paribas SA bank branch in Paris, France, on Friday, Aug. 2, 2024.…
France’s biggest lender says there are ‘too many’ European banks as UniCredit moves on Commerzbank
France’s BNP Paribas on Thursday said there are simply too many European lenders for the region to be able to…
3 ways Wall Street’s largest banks are leveraging AI to increase profitability
Big banks are jumping into the AI arms race.
Former EU Brexit negotiator Michel Barnier named new French prime minister
French President Emmanuel Macron has named Michel Barnier, the European Union’s former Brexit negotiator, as prime minister in a bid…
Banks hit with $549 million in fines for use of Signal, WhatsApp to evade regulators’ reach
U.S. regulators on Tuesday announced a combined $549 million in penalties against Wells Fargo and a raft of smaller or…
Bank of England’s next move divides economists as data paints a mixed picture
LONDON — Market expectations are split over the Bank of England’s next monetary policy move on Wednesday, as policymakers near…
