Banks

LONDON — British bank Barclays on Thursday reported £1.6 billion ($2 billion) net profit attributable to shareholders for the third quarter, beating expectations.The result compared with the £1.17 billion net profit forecast in an LSEG…

Financial regulators just shut down a bank in Oklahoma, marking the second US bank failure of 2024. The First National Bank of Lindsay has been shuttered by the Office of the Comptroller of the Currency. The agency says it…

Nasdaq has introduced technology to calculate investment portfolio risk using machine learning. The new functionality, announced Thursday (Oct. 17), will be woven into Nasdaq’s Calypso platform, used by banks, insurers and other…

The good times are still rolling on Wall Street. An intensifying earnings season will put that momentum to the test. The S & P 500 ended Friday at a record high, buoyed by strong quarterly results from Club holding Wells Fargo and…

Investors have now deposited a record $6.47 trillion into money market funds, according to a new report. In the last week alone $11 billion has entered the funds, reports Bloomberg, citing data from the Investment Company…

The German housing market has been remarkably strong in the last couple of decades, but it faces a serious price correction in the next couple of years, according to some analysts.Tim Graham / Contributor / Getty ImagesThe German housing…

Chinese online gaming stocks higher as crackdown on the sector appears to easeNew Zealand central bank hints at more hikes aheadReserve Bank of New Zealand (RBNZ) governor Adrian Orr said that the bank's sole target is to get the…

Text size The decline has been painful for investors who have been trained to…

Inflation has already peaked, but it will remain above pre-Covid levels in 2023, said David Mann, chief economist for Asia-Pacific, Middle East and Africa at the Mastercard Economics Institute."Inflation has seen its peak this year, but…

Commerzbank expects an increase in bad loans, CEO says, but no disasterCommerzbank CEO Manfred Knof discusses the bank's outlook and the possibility of a recession.UK retail sales partially rebound in October, but outlook remains…