By Nicholas Comfort and Alexandre Rajbhandari | December 20, 2022
After a decade of struggling to keep up with Wall Street, European banks are enjoying a rare period of outperformance, buttressed by four large interest rate increases in the span of just half a year.
By Craig Trudell | December 19, 2022
Elon Musk has taken his cues from Twitter users on decisions ranging from whether he should trim his stake in Tesla to if he should reinstate former President Donald Trump's account.
By Michael Sasso, Airielle Lowe and Alexandre Tanzi | December 19, 2022
As the Federal Reserve's most aggressive interest-rate hike cycle in a generation filters through the U.S. economy, the gap is widening between the haves and the have-nots.
By Michael J. Moore | December 16, 2022
Goldman Sachs' latest cuts appear to go beyond the firm's annual exercise of weeding out underperforming staff, which was the focus just months ago.
By Yiqin Shen | December 16, 2022
An unusually volatile dealmaking environment meant merger arbitrage traders needed a higher-than-average tolerance for risk this year.
By Rich Miller, Jana Randow and Philip Aldrick, Bloomberg News. | December 16, 2022
Major central banks this week signaled their willingness to countenance a global recession in 2023 as they promised to raise borrowing costs further in their ongoing battle against sky-high inflation.
By Subrat Patnaik and Ryan Vlastelica | December 15, 2022
Surging inflation and interest rates have eroded the favorable conditions that contributed to tech's yearslong advance, raising the prospect of recession in 2023.
By Denise Wee | December 15, 2022
The Citigroup exit will include products such as deposits, insurance, mortgages, investments, loans and cards.
By Damian J. Troise | December 15, 2022
The Federal Reserve has been fighting to lower inflation at the same time that pockets of the economy, including employment and consumer spending, remain strong.
By Chris Dolmetsch and Christian Wienberg | December 14, 2022
Danske is working to move past a scandal that wiped out top management and saw thousands of customers leave in one of Denmark's worst cases of corporate malfeasance.
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