The men and women who run Gotham’s big banks and financial firms have had a long and somewhat tortured history with the former president dating back from his days as a real estate mogul. Yet they see what’s happening to Donald Trump in the byzantine Letitia James bank-fraud prosecution and the over-the-top penalties issued by a … Read more
By Ken Sweet | The Associated Press The Biden Administration is easing its restrictions on banking giant Wells Fargo, saying the bank has sufficiently fixed its toxic culture after years of scandals. The news sent Wells Fargo’s stock up sharply Thursday as investors speculated that the bank, which has been kept under a tight leash … Read more
EU leaders finally approved €50 billion in funding for Kyiv until 2027 in early February after Hungarian leader Viktor Orbán had blocked the package in a previous December meeting. U.S. President Joe Biden, meanwhile, has had trouble passing a military aid package to Ukraine through Congress, where it is opposed by a significant share of … Read more
“Incredibly disappointing,” “very surprised” and “complete surprise,” were their reactions on X. “What you see is that everyone is busy with the blame game: trying to point at Omtzigt as the guilty party and feigning surprise,” even though there had long been palpable tension, Rachid Azrout, a political analyst at the University of Amsterdam, told POLITICO. … Read more
Fabrice Coffrini | Afp | Getty Images Swiss banking giant UBS on Tuesday narrowly beat fourth-quarter earnings expectations and announced that it would recommence share buybacks worth up to $1 billion in the second half of the year. The group posted a net loss attributable to shareholders of $279 million for the quarter, its second … Read more
A logo on the UniCredit SpA headquarters in Milan, Italy, on Saturday Jan. 22, 2022. Bloomberg | Getty Images Shares of Italian bank UniCredit hit their highest level since 2015 on Monday, after announcing that it would return 8.6 billion euros ($9.2 billion) to investors on the back of higher-than-expected profits. The Milan-based bank shared … Read more
Goldman Sachs is shuffling its management committee, in the latest indication of the power dynamics at the bank, the Wall Street Journal reported Friday, citing people familiar with the matter. A source familiar with the matter told Reuters that company veterans Alison Mass and George Lee have left the group, which comprises the heads of the … Read more
Last Updated: February 03, 2024, 19:20 IST Earlier, the last date for updating FASTag KYC was January 31. (Representative image) FASTag is an electronic system for collecting tolls on highways which eases the tax payments at toll plazas while also keeping an eye on moving vehicles The National Highway Authority of India (NHAI) extended the … Read more
Deutsche Bank on Thursday smashed fourth-quarter earnings expectations, reporting net profit of 1.3 billion euros ($1.4 billion) and announcing a further 1.6 billion euros in shareholder returns for 2024. The quarterly net profit figure marked an almost 30% fall from the same quarter a year ago but was significantly higher than the 785.61 million euros … Read more
A pedestrian sheltering under an umbrella passes a Julius Baer Group Ltd. branch in Zurich, Switzerland, on Tuesday, July 13, 2021. Stefan Wermuth | Bloomberg | Getty Images Swiss bank Julius Baer on Thursday reported hefty net credit losses tied to its exposure to real estate group Signa Holding, as it announced CEO Philipp Rickenbacher … Read more
