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January 19, 2020
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Reuters - Business

A thousand EU financial firms plan to open UK offices after Brexit

Reuters
LONDON (Reuters) – More than a thousand banks, asset managers, payments companies and insurers in the European Union plan to open offices in post-Brexit Britain so they can continue serving UK clients, regulatory consultancy Bovill said on Monday. FILE PHOTO: A person walks through the Canary Wharf financial district of......
CNBC Business

Climate crisis threatens more than half of the world’s GDP, WEF says

CNBC
CNBC – For more and to sign up click here Burnt trees are seen in Mallacoota on January 15, 2020 , Australia. The Princes Highway between Mallacoota and Orbost remains closed to public due to the risk of falling trees following the devastating bushfires that have swept through East Gippsland......
CNBC Business

Davos elites will be buzzing about corporate responsibility and its limits

CNBC
CNBC – For more and to sign up click here Klaus Schwab, founder and Executive Chairman of the World Economic Forum (WEF), addresses a news conference ahead of the Davos annual meeting in Cologny near Geneva, Switzerland, January 14, 2020. Denis Balibouse The world’s most influential executives will soon swarm......
CNBC Business

WEF says global power rivalries is the super-risk to progress

CNBC
CNBC – For more and to sign up click here U.S. President Donald Trump attends a bilateral meeting with China’s President Xi Jinping during the G-20 leaders summit in Osaka, Japan, June 29, 2019. Kevin Lamarque | Reuters A unilateral world of “great power rivalries” is likely to threaten an......
CNBC Business

Here are the main themes at World Economic Forum 2020

CNBC
CNBC – For more and to sign up click here BERLIN, GERMANY – FEBRUARY 07: German Chancellor Angela Merkel in the course of a special faction meeting, on February 07, 2018 in Berlin, Germany. Florian Gaertner Where are we headed? Thousands of politicians and business leaders will address this question......
CBS US News

Blacks and Latinos say they pay higher bank fees — research suggests they’re right

CBS News
CBS News – For more and to sign up click here In a recent nationwide survey, black and Hispanic bank customers reported facing higher monthly fees than white customers typically do. A wide body of research suggests they’re right. Whites reported paying $5 a month in bank fees, which includes......
CNBC Business

Morgan Stanley Earnings Q4 2019 beat estimates

CNBC
CNBC – For more and to sign up click here James Gorman David A. Grogan | CNBC Morgan Stanley posted profit and revenue that exceeded analysts’ expectations. The bank said Thursday that fourth-quarter profit surged 46% to $2.24 billion, or $1.30 a share, compared with the 99 cent estimate of analysts......
CNBC Business

JPMorgan admits to `terrible customer experience’ in Congress letters

CNBC
CNBC – For more and to sign up click here People pass a sign for JPMorgan Chase at it’s headquarters in Manhattan, New York City. Spencer Platt | Getty Images J.P. Morgan Chase admitted to failures brought to light in a New York Times article last month and said it......
CNBC Business

Davos prepares for climate crisis showdown

CNBC
CNBC – For more and to sign up click here Swedish environmental activist Greta Thunberg watches as U.S. President Donald Trump enters the United Nations to speak with reporters in a still image from video taken in New York City, U.S. September 23, 2019. REUTERS | Andrew Hofstetter | File......
CNBC Business

Goldman Sachs dumped its entire stake in Uber late last year

CNBC
CNBC – For more and to sign up click here Uber CEO Dara Khosrowshahi Patrick T. Fallon | Bloomberg | Getty Images Goldman Sachs sold its entire stake in ride-hailing giant Uber in the fourth quarter, according to a person with direct knowledge of the move. The sale, which likely......
CNBC Business

Bank of America (BAC) earnings Q4 2019

CNBC
CNBC – For more and to sign up click here Bank of America posted profit that exceeded analysts’ expectations on a rebound in trading revenue and as the company repurchased shares. The bank on Wednesday posted fourth-quarter profit of $7 billion, a 4% decline from a year earlier, or 74......
CNBC Business

For Jamie Dimon, retirement from JP Morgan is always five years away

CNBC
CNBC – For more and to sign up click here Jamie Dimon, CEO of JP Morgan Chase, speaking at the 2019 WEF in Davos, Switzerland on Jan. 23rd, 2019. Adam Galica | CNBC For years, Jamie Dimon had a running joke: Ask him when he was going to step down......
CNBC Business

Citigroup executive Ray McGuire considers running for New York mayor

CNBC
CNBC – For more and to sign up click here Ray McGuire, a longtime Citigroup executive, is being encouraged by allies in the business community to run for mayor of New York. McGuire, Vice Chairman of Citigroup and Chairman of Banking, Capital Markets and Advisory, has been asked by other......
CNBC Business

Citigroup earnings beat expectations on 49% fixed-income trading surge

CNBC
CNBC – For more and to sign up click here Citigroup reported Tuesday quarterly results that easily beat analyst expectations, driven by strong fixed-income trading revenues along with growing sales from the bank’s consumer business. Here’s what analysts are expecting to see from the banking giant’s results: Earnings: $1.90 per......
CNBC Business

Wells Fargo (WFC) earnings Q4 2019

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CNBC – For more and to sign up click here Wells Fargo on Tuesday said fourth-quarter profits fell as persistent low interest rates and litigation charges weighed on its financial results. Earnings: 93 cents per share versus $1.12 per share forecast by Refinitiv Revenue: $19.86 billion versus $20.14 billion forecast......
CNBC Business

JP Morgan kicks off bank earnings, but all eyes on guidance

CNBC
CNBC – For more and to sign up click here Pedestrians walk outside a JPMorgan Chase & Co. Chase bank in Chicago. Daniel Acker | Bloomberg | Getty Images Big U.S. banks J.P. Morgan Chase, Bank of America and Citigroup will benefit from a rebound in trading revenue in the......
CNBC Business

JP Morgan Chase (JPM) earnings Q4 2019

CNBC
CNBC – For more and to sign up click here Jamie Dimon, CEO of JP Morgan Chase, speaking at the 2019 WEF in Davos, Switzerland on Jan. 23rd, 2019. Adam Galica | CNBC J.P. Morgan Chase is scheduled to report fourth-quarter earnings before the opening bell Tuesday. Here’s what Wall......
CNBC Business

Standard Chartered CEO on US-China trade war, Hong Kong protests, Iran risks

CNBC
CNBC – For more and to sign up click here A Standard Chartered branch in Hong Kong. Miguel Candela l SOPA Images l LightRocket via Getty Images There have been signs that some risks in the global economy are receding, allowing businesses to once again plan for the long term,......
Reuters - Business

As businesses hold back, U.S. consumers seen boosting big banks’ profits

Reuters
NEW YORK (Reuters) – Consumer lending is expected to propel profits for big U.S. banks when they unveil fourth-quarter results this week, though stress in corporate lending and uneven capital markets may cast a shadow over results. FILE PHOTO: Signs of JP Morgan Chase Bank, Citibank and Wells Fargo &......
Reuters - Business

After escaping Japan, Ghosn feels Lebanese crisis

Reuters
BEIRUT (Reuters) – Carlos Ghosn’s daring escape from Japan to Lebanon may have cast light on his wealth and influence, but in Beirut the ex-Nissan boss can only get a few hundred dollars a week from the bank because of the country’s deep financial crisis. FILE PHOTO: Former Nissan chairman......

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