Today: November 14, 2024
Today: November 14, 2024

Latest From Niket Nishant

Business|Finance|Technology|US

Visa launches flexible payments feature in US, UAE

Visa said on Tuesday it was rolling out a flexible payments feature in the U.S. and the United Arab Emirates, as it looks to capitalize on the growing demand for a variety

Visa launches flexible payments feature in US, UAE
Business|Finance|Stock Markets

Morgan Stanley's PE arm to sell HVAC firm to Goldman Sachs Alternatives

Morgan Stanley's private equity arm is selling its heating, ventilation and air conditioning (HVAC) business, Sila Services, about three years after it invested in the

Morgan Stanley's PE arm to sell HVAC firm to Goldman Sachs Alternatives
Business|Finance|US

US bank profits set to rise on higher rates while Wall Street lags

Profits at the biggest U.S. consumer lenders are likely to rise in the third quarter, in contrast with investment banks still

US bank profits set to rise on higher rates while Wall Street lags
Business|Finance|Stock Markets

Birkenstock stumbles in underwhelming US market debut

Birkenstock's stock ended more than 12% below its initial public offering (IPO) price on Wednesday in an underwhelming Wall Street debut

Birkenstock stumbles in underwhelming US market debut
Business|Finance

Goldman Sachs agrees to sell GreenSky to Sixth Street-led consortium

By Saeed Azhar and Niket Nishant NEW YORK - Goldman Sachs has agreed to sell GreenSky, its home improvement lender, and associated loans to a consortium led by investment firm Sixth Street Partners,

Goldman Sachs agrees to sell GreenSky to Sixth Street-led consortium
Business|Finance|Stock Markets|US

Morgan Stanley profit down with lower investment banking revenue; shares tank

Morgan Stanley's third-quarter profit showed a hit from lethargic dealmaking, while shares sank 7.4% as some analysts pointed to a fall in

Morgan Stanley profit down with lower investment banking revenue; shares tank
Business|Economy|Finance|US

Layoffs lurk on Wall Street as macroeconomic outlook remains murky

Top U.S. banks could cut jobs further to keep their expenses in check, especially if lingering economic weakness derails a fledgling recovery in investment

Layoffs lurk on Wall Street as macroeconomic outlook remains murky
Business|Finance|US

Profits of US mid-sized banks likely to be squeezed by higher funding costs

U.S. mid-sized banks will likely need to shell out more to retain deposits in the next few months, a move that could crimp margins and add pressure to an

Profits of US mid-sized banks likely to be squeezed by higher funding costs
Business|Finance|Stock Markets|US

CEO Dimon to sell some of his JPMorgan shares for first time

JPMorgan Chase Chief Executive Officer Jamie Dimon will sell some of his shares in the largest U.S. bank next year for the first time in

CEO Dimon to sell some of his JPMorgan shares for first time
Business|Finance|Technology

Factbox-The other crypto bosses in US authorities' crosshairs

Onetime crypto poster child Sam Bankman-Fried was on Thursday found guilty of defrauding customers of his now-bankrupt crypto exchange FTX, in a

Factbox-The other crypto bosses in US authorities' crosshairs
Business|Economy|Finance

Citigroup reorganization to be completed in first quarter, CFO says

(This Dec. 6 story has been corrected after Citigroup clarified that the $1 billion figure does not relate only to the reorganization recently announced in paragraphs 1, 2, 3 and 6) By Tatiana Bautzer

Citigroup reorganization to be completed in first quarter, CFO says
Business|Economy|Finance

JPMorgan's annual profit surges to record even as quarterly net income dips

JPMorgan Chase reported its best-ever annual profit and forecast higher-than-expected interest income for 2024, even as its quarterly profit fell.

JPMorgan's annual profit surges to record even as quarterly net income dips
Business|Economy|Finance|US

US banking giants shed over 17,000 employees in turbulent year

Wells Fargo, Bank of America and Citigroup reduced their workforces by a combined 17,700 last year, the banking giants reported in their fourth-quarter

US banking giants shed over 17,000 employees in turbulent year
Business|Economy|Finance|US

AmEx forecasts upbeat 2024 profit as credit card spending stays resilient

American Express forecast a better-than-expected profit for 2024 on hopes that its affluent customers will be resilient with their spending amid elevated

AmEx forecasts upbeat 2024 profit as credit card spending stays resilient
Business|Economy|Finance

BofA's Merrill offering spot bitcoin ETFs to clients, source says

Bank of America's Merrill Lynch has been offering spot bitcoin exchange-traded funds to eligible wealth management clients, a source familiar with the

BofA's Merrill offering spot bitcoin ETFs to clients, source says
Business|Finance|Stock Markets|US

Short-sellers rake in nearly $1 billion targeting US regional bank ETF

Short sellers targeting a key regional U.S. bank exchange-traded fund have made $977 million on paper so far in 2024, data from analytics firm Ortex showed

Short-sellers rake in nearly $1 billion targeting US regional bank ETF
Business|Finance|US

NYCB seeks to stem stock rout with Mnuchin-backed $1 billion capital injection

New York Community Bancorp's shares rose on Thursday after a $1 billion infusion from a consortium of prominent investors led by former U.S.

NYCB seeks to stem stock rout with Mnuchin-backed $1 billion capital injection
Business|Finance

NYCB turnaround faces rocky road as commercial real estate exposure a drag

New York Community Bancorp's turnaround will likely take a long time as analysts expect profits to remain under pressure from the lender's efforts to boost

NYCB turnaround faces rocky road as commercial real estate exposure a drag
Business|Finance|Technology

Reddit guides IPO may price at top of range or above, source says

Reddit and its bankers are guiding that they could price the social media platform's initial public offering (IPO) at the top of the indicated range or

Reddit guides IPO may price at top of range or above, source says
Business|Economy|Finance|US

Big banks led by Citi continue layoffs amid pressure to cut costs

U.S. banking giants continued to shed employees in the first quarter, with Citigroup seeing the biggest drop.

Big banks led by Citi continue layoffs amid pressure to cut costs
Business|Economy|Finance|Stock Markets|US

FMX-owner BGC's profit jumps on rates, energy trading

BGC Group's first-quarter profit nearly doubled, it said on Tuesday, as investors looking to navigate the uncertainty around monetary policy pushed

Business|Finance|US

AmEx surpasses profit estimate; focus turns to small-business strategy

American Express's first-quarter profit vaulted past estimates on Friday thanks to its affluent customers, and the company is looking to broaden its

AmEx surpasses profit estimate; focus turns to small-business strategy
Business|Economy|Finance

First Citizens profit beats estimates as Silicon Valley Bank stabilizes

First Citizens BancShares' first-quarter profit beat expectations as the lender earned higher interest income and started seeing benefits of its

First Citizens profit beats estimates as Silicon Valley Bank stabilizes
Business|Economy|Finance

NYCB faces tough choices on CRE loans, balance sheet diversification

New

NYCB faces tough choices on CRE loans, balance sheet diversification
Business|Finance|Stock Markets|US

NYCB's estimate-topping profit forecasts fire up battered shares

New York Community Bancorp forecast far better-than-expected profit for the next two years and said on Wednesday it was close to selling $5 billion of

NYCB's estimate-topping profit forecasts fire up battered shares

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