Trading disrupted as outage hits banks and brokers – Financial Times
Stay up to date with free updates Just sign up Financial Services myFT Digest – delivered straight to your inbox. Global banks, brokerages and financial technology companies including JPMorgan Chase, UBS and Bloomberg were affected by a global IT outage on Friday, leaving some traders unable to access systems to process trades. JPMorgan’s trade execution […]
Bob Iger Decides To Hit Final Nail In Financial Coffin By Buying Stake In Women’s Soccer
Disney CEO Bob Iger decided to hit the final nail in his financial coffin Wednesday after buying into a deal with Angel City Football Club (ACFC) … a women’s soccer team. Either Iger is actually the biggest idiot in the room, or a freaking genius of electric proportions after partnering with USC Annenberg School for […]
ESG Financial “Leaders” Live In La-La Land
Estimated Reading Time: 2 minutes This week, I virtually attended “The ESG Leadership Forum 2022” co-hosted by the Wall Street Journal Trust and Nasdaq. Panel discussions covered everything from accelerating the energy transition to how to model climate risks into climate strategy to getting to net-zero with tips on how to “actually deliver” on ESG […]
Joe Scarborough calls for Biden to drop out, says aides keeping him in race for ‘financial’ reasons
MSNBC’s Joe Scarborough on Thursday called on President Biden to end his reelection campaign, with the TV host blasting the president’s aides for keeping him in the race. “If this drags on, it’s not going to be a good thing,” Scarborough said in a lengthy speech on his talk show, “Morning Joe.” Scarborough, who has […]
Stocks making the biggest moves after hours: United Airlines, Discover Financial Services, Kinder Morgan and more – CNBC
Here’s a look at some companies that were making waves in after-hours trading: Discover Financial Services — Shares rose 2.7% after Discover Financial Services reported second-quarter results. The banking and payments company reported net interest income of $3.52 billion, beating the FactSet consensus estimate of $3.46 billion. Earnings per share of $6.06 beat analysts’ estimates […]
HSBC promotes Georges Elhedery to chief executive – Financial Times
Get your free copy of Editor’s Digest FT editor Roula Khalaf picks her favourite stories in this weekly newsletter. HSBC has appointed Georges ElHedery as chief executive officer, entrusting an insider with the difficult task of running the bank amid rising tensions between the West and China. HSBC said on Wednesday that El Hedery, who […]
Deutsche Bank criticized by German regulator for financial reporting error – CNBC
Deutsche Bank General Meeting Arne Dedert | Picture Alliance | Getty Images Deutsche Bank misdisclosed deferred tax assets in its 2019 financial statements and failed to meet international accounting standards, Germany’s financial supervisory authority (BaFin) said on Tuesday. “The declaration of deferred tax assets in the consolidated financial statements was incomplete,” the regulator, known as […]
Eastern Bank lands a new chief financial officer, completes Cambridge Trust acquisition – The Boston Globe
It’s important to be good. Sometimes it’s even better to be lucky. That’s why Bob Rivers of Eastern Bank That might explain how the bank brought on board its new chief financial officer, David Rosato. Boston-based Eastern Bank has been working with headhunting firm Korn Ferry for about a year to find a successor to […]
Almost half of Gen Z rely on parental financial help: Report
The vast majority of Zoomers are supported by subsidies from their families. A staggering 46% of Gen Zers rely on extended family for financial help, according to a new survey released this week by Bank of America. “Parent TrapEarlier this year, research firm Gen Z Research Center surveyed more than 1,000 Gen Zers (currently defined […]
The presidential election shouldn't influence how you invest, financial experts say – CNBC
US President Joe Biden and former US President and Republican presidential candidate Donald Trump participate in the first presidential debate for the 2024 election at CNN Studios in Atlanta, Georgia on June 27, 2024. Andrew Caballero Reynolds | AFP | Getty Images Betterment polled 1,200 retail investors this spring across four demographic groups: Gen Z, […]