Swiss bank UBS gets a boost from higher interest rates, beats expectations in fourth quarter – CNBC
UBS reported fourth quarter and full year earnings. Fabrice Coffrini | Photo Afp | Getty Images UBSMoreFourth-quarter profit beat market expectations, but the Swiss banking giant reported lower earnings on the back of weaker client activity and warned of an “uncertain” year ahead. The bank reported a net profit of $1.7 billion in the fourth […]
Bank of America glitch problems today: At least 1 says account wiped clean as customers report missing money, Zelle transfers – KABC-TV
Chicago — Several bank of america Customers say money is missing from their accounts, including funds from Zelle deposits and transactions. Ray Garcia has trusted Bank of America for 20 years. But when he noticed other people were having problems, he went to check his account. Oops, I was surprised,” Garcia said. I don’t remember […]
Dow Jones Futures: Bank Of Japan Surprise; Tesla Jumps | Investor's Business Daily – Investor's Business Daily
Dow Jones futures tipped higher last night, along with S&P 500 futures and Nasdaq futures, after the Bank of Japan unexpectedly maintained its course. Shares of United Airlines and Moderna soared on the news. Massive Microsoft job cuts could take place on Wednesday. X Despite the strong decline in the Dow Jones, the stock market […]
Citigroup's fourth-quarter profit declines by 21% as bank sets aside more money for credit losses – CNBC
Citigroup said it had identified the cause of the flash crash and fixed the error “within minutes.” Jim Dyson | Getty Images News | Getty Images city group Net income in the fourth quarter fell more than 21% year-on-year as banks secured more funds for potential credit losses. Equities were flat early in trading as […]
Stock futures are flat as investors await big bank earnings – CNBC
Equity futures were flat overnight trading on Thursday as investors geared up for big banks’ earnings start. Futures tracking the Dow Jones Industrial Average and the S&P 500 were flat, while Nasdaq 100 futures were down 0.10%. The overnight move continued with a positive day for the three major indices. The Nasdaq Composite posted his […]
World Bank makes big cut to its 2023 growth outlook, says globe is 'perilously close' to recession – CNBC
The World Bank has downgraded its global growth forecast from its forecast for mid-2022 on the back of what it sees as a general deterioration in economic conditions. International development agencies have downgraded nearly all of their forecasts for the world’s developed economies, cutting their 2023 global economic growth forecast to 1.7%, according to a […]