LSE says preparing to resume trading normally on Friday
The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville/File Photo...
archiveBLR
Morgan Stanley profit down with lower investment banking revenue, shares tank
People take photos by the Morgan Stanley building in Times Square in New York City, New York U.S., February 20, 2020. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsOct 18 (Reuters) - Morgan Stanley's (MS.N) third-quarter profit showed a hit from lethargic dealmaking and shares sank 6.5% as investors were also disappointed by smaller inflows to the wealth management division and the lack of announcements in the CEO succession.The bank saw a 27% drop in investment banking revenues from a year earlier and sluggish trading as dealflow took a hit when geopolitical...
Crypto giant Binance’s US affiliate halts direct dollar withdrawals
Smartphone with displayed Binance logo and representation of cryptocurrencies are placed on a keyboard in this illustration taken, June 8,...
BofA profit beats estimates on higher interest income, investment banking gains
A Bank of America logo is pictured in the Manhattan borough of New York City, New York, U.S., January 30, 2019. REUTERS/Carlo Allegri/File Photo Acquire Licensing RightsOct 17 (Reuters) - Bank of America (BAC.N) beat Wall Street estimates for quarterly profit on Tuesday as it joined rivals in earning more from interest payments, while benefiting from a better-than-expected performance of its investment banking and trading divisions.The U.S. economy has shown resilience despite rising interest rates as a hot job market and healthy finances prompt consumers to spend on goods, travel...
UK’s St James’s Place revamps fees after regulator pressure
SJP posts rise in Q3 FUM; net inflows halved y/yShares up 2.1% after early lossesSays new fee structure to reduce...
Walmart staffed up for holidays; US retailers cautious about economy
An employee checks on a Christmas display at a Walmart store in Chicago, Illinois, U.S. November 23, 2016. REUTERS/Kamil Krzaczynski/File...
S&P 500, Nasdaq fall with data, geopolitics offsets strong results
JPMorgan and Wells Fargo, rise on Q3 profit beatS&P 500, Dow notch weekly gains, U.S. crude prices rallyU Mich's preliminary...
Citigroup profit beats estimates on trading, interest payments; CEO pushes overhaul
Customers use ATMs at a Citibank branch in the Jackson Heights neighborhood of the Queens borough of New York City, U.S. October 11, 2020. REUTERS/Nick Zieminski/File Photo Acquire Licensing RightsNEW YORK, Oct 13 (Reuters) - Citigroup's (C.N) third-quarter profit beat estimates on Friday as it benefited from a surge in trading revenue, investment banking fees and interest payments while undertaking its biggest overhaul in decades.The bank said it will cut management layers from 13 to eight as part of a sweeping reorganization. In the two top layers of leadership, 15%...
Toronto shares set for weekly gains as commodity-linked stocks surge
The Art Deco facade of the original Toronto Stock Exchange building is seen on Bay Street in Toronto, Ontario, Canada...
Birkenstock stumbles in underwhelming US market debut
Oct 11 (Reuters) - Birkenstock's (BIRK.N) stock ended more than 12% below its initial public offering (IPO) price on Wednesday in an underwhelming Wall Street debut that signaled investors remain cautious about new listings.Shares of the 250-year-old German sandal maker started trading at $41 after the IPO had priced at $46. That offering raised $1.48 billion, priced at the midpoint of the indicated range of $44 and $49 on Tuesday. The stock closed at $40.20, down 12.61%.The 11% decline from Birkenstock's IPO price on Tuesday to its opening price on...