(Bloomberg) — Chinese authorities are facing an uphill battle convincing companies and households to boost borrowing as long as Covid outbreaks and lockdowns continue to crush confidence. Most R...
Tag: Banks
What Are the Major Central Banks?
What Is a Central Bank? Every nation or region has a central body that is responsible to oversee its economic and monetary policies and to ensure the financial system remains stable. This body is call...
Sasha Banks And Naomi Reportedly Not Being Paid During WWE Suspension
Sasha Banks and Naomi are reportedly not being paid during their suspension. Credit: WWE.com As the war between WWE and former WWE women’s tag team champions Sasha Banks and Naomi rages on, it was rec...
CEPI chief outlines the disease differences
Health officer uses a thermal head to detect a monkeypox virus on arriving passengers at Soekarno-Hatta International Airport in Tangerang near Jakarta, Indonesia on May 15, 2019. Jepayona Delita | Fu...
Recovering despite lack of Chinese visitors
Air travel in Singapore is recovering and has reached around 40% of pre-Covid levels despite China’s border restrictions, Transport Minister S. Iswaran said. China’s passenger traffic is s...
Davos elite don’t expect a Covid-19 style health crisis from monkeypox
Business and political leaders gathered in the Swiss hilltop town of Davos in May 2022 for the World Economic Forum. Xinhua News Agency | Xinhua News Agency | Getty Images As the business and politica...
Rival fintechs Revolut and Wise are still recruiting
Nikolay Storonsky, founder and CEO of Revolut. Harry Murphy | Sportsfile for Web Summit via Getty Images Not all fintech unicorns are cutting jobs. After Klarna announced plans to lay off 10% of its w...
Wouldn’t worry about monkeypox, cuts drug costs for low-income
Albert Bourla, Pfizer CEO, at the WEF in Davos, Switzerland on May 25th, 2022. Adam Galici | CNBC Pfizer‘s CEO said Wednesday that he “wouldn’t worry much” about a recent monke...
Just in: Here’s how the top 25 global banks performed in 2021
Despite unstable economies and financial markets impacted by the knock-on effects of inflation, leading banks throughout the globe have nonetheless managed to turn in profits. As a result of the gradu...
US commercial banks report a 22% drop in 2022 Q1 aggregate net income
Changes in the banking sector occur now at an accelerated pace, a bank now sees changes in a year that used to take decades to play out. These changes are reflected in loan-to-deposit ratios as well a...
Bank of America CEO says nothing will slow U.S consumer from spending money
Brian Moynihan, CEO of Bank of America, speaking at the WEF in Davos, Switzerland on May 23rd, 2022. Adam Galica | CNBC U.S. consumers are “in good shape” and will keep spending at an ele...
Volkswagen CEO says carmaker will overtake Tesla on EV sales by 2025
The chief executive of Volkswagen believes Europe’s biggest carmaker can overtake Tesla to become the world’s largest seller of electric vehicles by 2025. Speaking to CNBC’s “S...
JPMorgan Fuels Rally in Banks and the US Stock Market
(Bloomberg) — JPMorgan Chase & Co. jumped by the most in 18 months on Monday after chief executive officer Jamie Dimon gave the country’s largest bank, and the US stock market, a boost with ...
Wall Street Says a Fed Digital Dollar Spells Destruction for Banks
The Fed board has been weighing the logic of introducing a digital dollar, though officials have been careful to remain neutral and suggest that any plan should have the backing of Congress and the ad...
JPMorgan backtracks on key target, says it can reach 17% returns this year
Jamie Dimon, CEO of JPMorgan Chase speaks to the Economic Club of New York in New York, January 16, 2019. Carlo Allegri | Reuters JPMorgan Chase on Monday reversed course on guidance it gave in Januar...
WWE Suspends Sasha Banks And Naomi, Strip Them Of Titles On SmackDown
WWE suspended Sasha Banks and Naomi and stripped them of the WWE Women’s Tag Team Championships. Credit: WWE.com WWE announced the indefinite suspension of Sasha Banks and Naomi Friday night on ...
Goldman CEO David Solomon says be cautious in wake of Fed’s tightening
Goldman Sachs CEO David Solomon is advising his clients to be more cautious with their finances because the Federal Reserve’s moves to combat inflation could result in recession or other negativ...
JPMorgan investors hand Dimon rare rebuke, object to $53 million bonus
JP Morgan Chase & Co. Chairman & Chief Executive Officer Jamie Dimon testifies before the House Financial Services Committee on accountability for megabanks in the Rayburn House Office Buildin...
Citigroup shares jump 7% after Warren Buffett reveals a near $3 billion stake in the struggling bank
Berkshire Hathaway Chairman and CEO Warren Buffett. Andrew Harnik | AP The 91-year-old “Oracle of Omaha” scooped up Citi shares while they have been underperforming the rest of the financi...
Sasha Banks And Naomi Walk Out Of WWE Raw; Banks Unfollows WWE
Sasha Banks and Naomi walked out of WWE Raw. Credit: WWE.com Sasha Banks’ rocky history with WWE took an ugly turn this past Monday when the women’s tag team champion walked out during WWE Raw alongsi...
Berkshire Hathaway Sold Nearly All Its Verizon Stake in the First Quarter
Text size Warren Buffett’s Berkshire bought stakes in Paramount Global and Market in the first quarter. Paul Morigi/Getty Images for Fortune/Time Inc Berkshire Hathaway bought stakes in Citigrou...
El Salvador Invites Over 40 Central Banks for International Event on Bitcoin El Salvador Invites Over 40 Central Banks for Int’l Event on Bitcoin
After buying the dip and adding 500 BTCs to the state coffer, El Salvador President Nayib Bukele has another surprise up his sleeves. The country is organizing an international conference of central b...
Bitcoin-Friendly El Salvador to Host Central Banks Meeting on Digital Economy
El Salvador is set to host delegates from different countries to discuss financial inclusion such as the digital economy, banking the unbanked, and the benefits of Bitcoin. El Salvador to Host Delega...
Central Banks From 32 Different Countries To Meet in El Salvador To Discuss Bitcoin Rollout, Says Nayib Bukele
The president of the first country to adopt Bitcoin (BTC) as legal tender is planning to meet with central banks from 32 different countries to discuss BTC and its role in economies. El Salvadoran pre...
Goldman Sachs gives senior managers a new perk: ‘flexible vacation’ policy
David Solomon, CEO, Goldman Sachs, speaking at the World Economic Forum in Davos, Switzerland, Jan. 23, 2020. Adam Galacia | CNBC Goldman Sachs is giving its top managers a new perk more common in the...
44 Central Banks to Attend Bitcoin Gathering in El Salvador – Trustnodes
32 central bankers and 12 financial institutions from 44 countries, including Egypt and Pakistan, are to descent on El Salvador on Tuesday. In the biggest meeting of its kind, and the first where bitc...
Calb to Tap More Banks for $1.5 Billion Hong Kong IPO, Sources Say
(Bloomberg) — Calb Co., a Chinese battery supplier for electric vehicle makers, has added more banks to arrange its planned Hong Kong initial public offering, which could raise as much as $1.5 b...
Citigroup Stock Just Got Downgraded Because Shares Might Have Peaked
Text size Citigroup shares are down more than 10% so far in 2022 Mario Tama/Getty Images Citigroup was downgraded by Credit Suisse after the stock’s recent rise on the view that it won’t go much highe...