Bloomberg
Morgan Stanley Cuts Country Garden to Underweight
Morgan Stanley has cut Country Garden shares to underweight. The embattled developer is also suspending trading as well in nearly a dozen onshore bonds starting today. Lorretta Chen reports on Bloomberg Television.
Bloomberg
Marqeta Soars with Cash App Renewal Seen as Positive
Marqeta CEO Simon Khalaf discusses the company's quarterly earnings results beating expectations, and what the renewal of Marqeta's contract with Block's Cash App means for the company's shares. He joins Ed Ludlow on "Bloomberg Technology."
Bloomberg
A Swiss Crisis & Lessons Unlearned
Credit Suisse was an icon of the Swiss economy. Its collapse was an immense blow to the national psyche that many thought could trigger a profound change to the way the country works. Yet four months on, Swiss banking is back to making...
Bloomberg
ANZ-Suncorp Bank Deal Blocked
ANZ Group Holdings Ltd.'s $3.2 billion deal to buy Suncorp Group Ltd.'s banking arm was blocked by the Australian regulator, citing competition concerns. Adam Haigh reports on Bloomberg Television.
Bloomberg
SMFG, Mizuho Post Earnings Beats
Two of Japan's largest lenders posted profits that beat analysts'' forecasts in their fiscal first quarter, making a solid start to the year that is projected to deliver bumper results. Hideyuki Sano reports on Bloomberg Television.
Bloomberg
HSBC CEO Quinn on Earnings, Investing in Asia, UK HQ
Noel Quinn, chief executive officer at HSBC Holdings Plc, discusses second quarter earnings, investment in Asia and the bank's commitment to the UK. He speaks to Francine Lacqua on "Bloomberg Daybreak: Europe."
Bloomberg
HSBC's Quinn: We Are Looking to Invest in All of Asia
"We are looking to invest in all of Asia, see great opportunities here in China and in Hong Kong." Noel Quinn, chief executive officer at HSBC Holdings Plc, discusses second quarter earnings and his investment in Asia. He speaks on...
Bloomberg
HSBC's Quinn: UK is Very Good Place to have an HQ
"The UK is a very good place to have a headquarter for a global institution." Noel Quinn, chief executive officer at HSBC Holdings Plc, discusses his commitment to the UK as a financial hub. He speaks on Bloomberg Television.
Bloomberg
Japanese Banks, Toyota Report: Asia Earnings Week Ahead
Major bank earnings are on the way in Asia this week, including the results from Japan's top lenders. Gareth Allan reports on Bloomberg Television.
Bloomberg
Philippine's BPI Sees Profit Continuing Growth Trend: CEO
Jose Teodoro Limcaoco, president and chief executive officer at Bank of the Philippine Islands, the second largest bank in the country, discusses the bank's profitability, credit demand and his outlook on interest rates in the country....
Press Association
Stock footage of Natwest bank
GVs of Natwest Building on Bishopsgate in London as Natwest reports £1bn profit boost as bank gripped by Farage account row
Press Association
NatWest reports £1bn profit boost as bank gripped by Farage account row
NatWest Group’s profits have surged by nearly £1 billion, beating expectations as the bank faces scrutiny from shareholders after the departure of its boss this week.
The British bank, which has been embroiled in a row involving Nigel...
Bloomberg
US Biggest Banks Face 19% Boost in Capital Mandates
US regulators have unveiled plans to impose even tighter capital rules on big banks. Vonnie Quinn reports on Bloomberg Television.
Bloomberg
US Banks' $118 Billion Buffer Likely Wiped Out by New Rules
Wall Street's biggest banks are preparing for new regulations that could erase more than $100 billion in excess capital built up over the past decade. Vonnie Quinn reports on Bloomberg Television.
Bloomberg
Deutsche Bank CFO Von Moltke on Earnings, Trading, Interest Rates
Deutsche Bank AG Chief Financial Officer James von Moltke discusses the lender's financial results, trading, interest rates and monetary policies, and strategy. The German lender weathered the trading slowdown better than analysts had...
Bloomberg
ANZ's Tan on S. Korea GDP, Indonesia Rates
Krystal Tan, economist at at Australia and New Zealand Banking Group Ltd., discusses her outlook for South Korea's economy and looks ahead to Bank Indonesia's rate decision. She speaks with Bloomberg's Haidi Stroud-Watts and Shery Ahn on...
Bloomberg
Goldman Cuts US Recession Risk to 20%
The US economy has a better chance of avoiding a recession in the next 12 months following recent positive data on economic activity and inflation, according to Jan Hatzius, the chief economist at Goldman Sachs Group Inc. Kathleen Hays...
Bloomberg
China's $77 Billion Bank Rout Shows Who Pays Price for Rescues
Chinese banks are facing renewed scrutiny after authorities asked the sector to extend debt relief to developers as the nation's housing crisis continues. Meanwhile, BlackRock Inc. says it remains most overweight Chinese stocks in...
Bloomberg
Fed's Kashkari: Banks Must Be Prepared for Higher Rates
"If inflation proves to be more entrenched than expected, policy rates might need to go higher," Federal Reserve Bank of Minneapolis President Neel Kashkari says at a National Bureau of Economic Research event.
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Bloomberg
Goldman Sachs Downplays Expectations Ahead of Results
Goldman Sachs Group Inc. is looking to avoid a third straight quarter of disappointing investors on earnings day as executives have been actively downplaying expectations for results that will be disclosed next week. Sri Natarajan...
Bloomberg
Brainard Sees Moderate Inflation, Resilient Jobs Market
"The economy is defying predictions that inflation would not fall absent significant job destruction," White House National Economic Council Director Lael Brainard says during an event at the Economic Club of New York. Brainard also says...
Bloomberg
Fed's Barr: Big Banks Face Higher Capital Requirements
"These changes would increase capital requirements overall, but I want to emphasize that they would principally raise capital requirements for the largest, most complex banks," the Federal Reserve's top banking regulator, Michael Barr,...
Press Association
Jeremy Hunt prioritises tackling inflation over tax cuts amid pressure from Tory MPs
Jeremy Hunt said he is prioritising tackling inflation over tax cuts, in a blow to Tory MPs clamouring for a pre-election giveaway.
In his first Mansion House speech as Chancellor on Monday, he said that bringing down soaring prices...
Press Association
Lord Mayor of London welcomes Chancellor's City reforms to boost pensions
The Lord Mayor of London has welcomed proposed City reforms to boost pensions. Jeremy Hunt will promise a £1,000-a-year pensions boost to the average earner with reforms to get pension funds making riskier investments in...