Citigroup posts $1.8 billion fourth-quarter loss after litany of charges
Citigroup on Friday posted a $1.8 billion fourth-quarter loss after booking several large charges tied to overseas risks, last year’s…
Wells Fargo posts higher fourth-quarter profit, helped by higher interest rates and cost cutting
Wells Fargo shares fell Friday even after fourth-quarter profit rose from a year ago, as the bank warned that net…
Bank of America shares fall after company reports lower fourth-quarter profit, hit by regulatory charge
Bank of America shares fell 1.1% Friday after the firm reported declining fourth-quarter earnings amid hefty one-time charges. Here’s what…
BlackRock buys infrastructure investor Global Infrastructure Partners for $12 billion
BlackRock, the world’s biggest asset manager, announced Friday it is buying Global Infrastructure Partners for about $12 billion in cash…
JPMorgan Chase profit falls after $2.9 billion fee from regional bank rescues
JPMorgan Chase said Friday that fourth-quarter profit declined after paying a $2.9 billion fee tied to the government seizures of…
Shipping boss says ongoing Red Sea disruption could have ‘significant consequences’ for global growth
Ongoing disruption to trade flows through the Red Sea could hit global economic growth, the head of one of the…
Here’s what a bitcoin ETF actually means for investors
The U.S. Securities and Exchange Commission just approved the first-ever batch of spot bitcoin exchange-traded funds to come out of…
Coinbase, Robinhood shares are lower despite bitcoin ETF approval
Shares of Coinbase and Robinhood were lower Thursday as traders weigh how the approval of bitcoin exchange-traded funds in the…
