Nomura Q1 net profit slumps 96.5% on market headwinds

A Nomura logo is pictured at the Japanese company’s office in the Manhattan borough of New York City, New York, US June 23, 2017. REUTERS/Carlo Allegri/File Photo Register now for FREE unlimited access to Reuters.com Register TOKYO, Aug 3 (Reuters) – Nomura Holdings Inc (8604.T), Japan’s biggest brokerage and investment bank, on Wednesday reported a … Read more

Big Tech in finance? There’s a regulator for that

The logo for Amazon Web Services (AWS) is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. REUTERS/Chris Helgren Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Aug 1 (Reuters Breakingviews) – Technology companies have stormed the heights of consumer finance, but they don’t face the regulation … Read more

Analysis: Wall Street weighs job cuts as deals slide in battered markets

NEW YORK, July 29 (Reuters) – Wall Street bosses are in a bind about whether to cut investment bankers or keep them on staff in hopes of a recovery from a brutal first half. With risks of a recession looming and the Federal Reserve raising rates aggressively to stem inflation, prospects for arranging and financing … Read more

Hong Kong set for billions in inflows from Chinese companies’ listing upgrades

People walk past a screen displaying the Hang Seng stock index outside Hong Kong Exchanges, in Hong Kong, China July 19, 2022. REUTERS/Lam Yik Register now for FREE unlimited access to Reuters.com Register HONG KONG, July 27 (Reuters) – Hong Kong is set to see billions of dollars flowing in from the mainland with more … Read more

Argentina’s economy chief touts spending adjustment to investors

Argentina’s new Economy Minister Silvina Batakis looks on during a news conference at the Economy Ministry, in Buenos Aires, Argentina, July 11, 2022. REUTERS/Agustin Marcarian/File Photo Register now for FREE unlimited access to Reuters.com Register BUENOS AIRES, July 26 (Reuters) – Argentina’s new economy minister told a gathering of investors in the United States on … Read more

Bank data shows US consumer financial health holds up amid rising inflation

A combination file photo shows Wells Fargo, Citigbank, Morgan Stanley, JPMorgan Chase, Bank of America, JPMorgan, and Goldman Sachs from Reuters archive. REUTERS/ Register now for FREE unlimited access to Reuters.com Register NEW YORK, July 19 (Reuters) – Americans’ financial health held up well in the second quarter even as inflation sent gas and grocery … Read more

Bank of America picks ex-Prudential exec for EMEA financial institutions top job

A Bank of America logo is seen in New York City, New York, US January 10, 2017. REUTERS/Stephanie Keith Register now for FREE unlimited access to Reuters.com Register LONDON, July 14 (Reuters) – Bank of America (BAC.N) has promoted former Prudential executive James Gill to lead its financial institutions franchise for Europe, the Middle East … Read more

EXCLUSIVE Barclays seeks entry into China’s $4.3 trillion asset management market -sources

The Barclays logo is seen in front of displayed stock graph in this illustration taken June 21, 2017. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register HONG KONG, July 14 (Reuters) – Barclays (BARC.L) is seeking a Chinese banking partner to set up an asset management joint venture in the country, two … Read more

Deutsche Telekom to sell tower business to N. American consortium – Handelsblatt

Brochures with the logo of Deutsche Telekom AG are pictured at the shop in the headquarters of German telecommunications giant in Bonn, Germany, February 19, 2019. REUTERS/Wolfgang Rattay/ Register now for FREE unlimited access to Reuters.com Register BERLIN, July 13 (Reuters) – Deutsche Telekom (DTEGn.DE) aims to decide on the sale of its tower business … Read more

Most US small businesses worry recession is coming – Goldman survey

A US dollar note is seen in this June 22, 2017 illustration photo. REUTERS/Thomas White/Illustration Register now for FREE unlimited access to Reuters.com Register WASHINGTON, July 13 (Reuters) – Some 93% of small business owners are worried that the United States will enter a recession in the next six months, a survey released by Goldman … Read more