Geopolitical instability and a packed election calendar have strategists wary of 2024
Geopolitical risks will be the key threat to the economic outlook for 2024, as large-scale wars converge with a slew…
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…
Goldman Sachs says the Israel-Hamas war could have major implications for Europe’s economy
The Israel-Hamas war could have a significant impact on economic growth and inflation in the euro zone unless energy price…
Deutsche Bank and UniCredit back $4.5 billion insurance startup Wefox with $55 million in fresh funds
Wefox, the $4.5 billion German insurance technology group, has raised $55 million of fresh funding from Deutsche Bank and UniCredit,…
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…
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…
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…
Goldman Sachs tops estimates on stronger-than-expected bond trading
Goldman Sachs posted third-quarter profit and revenue Tuesday that exceeded analysts’ estimates on stronger-than-expected trading revenue. Shares of the bank…
