ANZ’s Profit Flat, Increases Dividend

Updated Nov. 12, 2023 5:45 pm ET SYDNEY—ANZ Group Holdings said its annual net profit was flat on a year earlier, but the bank increased its dividend even as higher interest rates impact economic activity. The Australian major lender reported a statutory profit of 7.1 billion Australian dollars (US$4.51 billion) for the 12 months through … Read more

Basic Materials Roundup: Market Talk

Updated Nov. 10, 2023 5:23 pm ET The latest Market Talks covering Basic Materials. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET. 1405 ET – Wheaton Precious Metals missed on adjusted earnings, but only due to timing of sales. National Bank of Canada’s Shane Nagle says in a report … Read more

Hack at ICBC Targeted the Digital Underbelly of Financial Markets

Unit of Industrial and Commercial Bank of China remains unplugged for U.S. markets.

UBS Group Swings to Net Loss as Credit Suisse Costs Weigh

Updated Nov. 7, 2023 1:51 am ET UBS Group swung to a wider third-quarter net loss than analysts had expected after costs related the integration of Credit Suisse cut into the bank’s earnings. The Swiss bank said Tuesday that its net loss was $785 million compared with $1.73 billion in net profit in the prior … Read more

What Could Finally Turn Around Citigroup?

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Higher Rates Have Bank Stocks on the Mat

The KBW Nasdaq Bank Index is trailing the broader market by 37 percentage points this year. Source link

The New Kings of Wall Street Aren’t Banks. Private Funds Fuel Corporate America.

Listen to article (2 minutes) Hyland Software, a business software company based in Ohio, relied on Credit Suisse for years to arrange billions of dollars in loans. After the Swiss bank collapsed in March, Hyland switched tracks and borrowed $3.4 billion from a little-known investment firm, Golub Capital, and others that specialize in a Wall … Read more

Citi to Sell China Consumer Wealth Portfolio to HSBC

The transaction progresses the wind-down of the U.S. bank’s consumer business in China. Source link

The New Kings of Wall Street Aren’t Banks. Private Funds Fuel Corporate America.

Listen to article (2 minutes) Hyland Software, a business software company based in Ohio, relied on Credit Suisse for years to arrange billions of dollars in loans. After the Swiss bank collapsed in March, Hyland switched tracks and borrowed $3.4 billion from a little-known investment firm, Golub Capital, and others that specialize in a Wall … Read more

The Companies Bringing the Office to Remote Workers

After employees moved away during the pandemic, some businesses are opening workspaces in their new cities. Source link