Breaking News: Markets

Societe Generale posts sharp profit drop as net banking income slides

Societe Generale on Thursday reported a sharp decline in fourth-quarter net profit on the back of weaker net banking income,…

China’s central bank encourages local businesses to accept foreign payment cards

BEIJING — China is encouraging banks and local businesses to accept foreign bank cards and is considering other steps to…

This semi name just hit a fresh all-time high. Why its stock market dominance could last

Nvidia shares hit a fresh all-time high on Wednesday, and its gains may still be in the early innings, according…

NYCB woes reignite fears about shaky banks as anniversary of March crisis nears

Embattled lender New York Community Bank disclosed a litany of financial metrics in the past 24 hours in a bid…

Trump Media SPAC insider trading defendant hit with new money laundering count

A man already charged with insider trading related to a shell company’s planned merger with Donald Trump’s social media firm…

Hedge fund billionaire Bill Ackman to launch a NYSE-listed fund for regular investors

Pershing Square’s Bill Ackman is set to offer a new investment vehicle listed on the New York Stock Exchange, aiming to…

NYCB names new chairman after Moody’s downgrades bank’s credit rating to junk

New York Community Bank on Wednesday promoted its chairman to help stabilize the company’s operations, hours after Moody’s Investors Service downgraded the bank’s…