Tag Archives: Banks

Text size Total underwriting revenue at Jefferies was down by 62% as banks face tougher conditions. Amir Hamja/Bloomberg Wall Street just got a taste of what to expect when investment banks post second-quarter earnings next month and it isn’t happy. Jefferies Financial (ticker: JEF) posted results for its fiscal quarter …

Eurozone finance ministers mothballed plans on Thursday to complete the banking union — a decade-long project born out of the financial and the sovereign debt crises — settling for narrower improvements to the bloc’s rules for handling bank failures. Eurogroup chief and Irish Finance Minister Paschal Donohoe had hoped to …

Next week, the Bank of England will have its monetary policy meeting. Analysts at MUFG Bank consider it poses some upside risk for the pound but they warn any rally should be short-lived in light of the still unfavourable UK cyclical backdrop.  Key Quotes: “The GBP has been consolidating at …

NEW DELHI: Here is a list of stocks that could be in focus on Friday: Reliance Industries: A consortium of Reliance Industries Ltd (RIL) and buyout firm Apollo Global Management Inc. has emerged as the strongest contender to acquire Walgreens Boots Alliance Inc.’s Boots pharmacies unit in the UK. The …

US dollar strength will continue over the remainder of 2022 and over the course of 2023 according to analysts at Wells Fargo. They point out that despite more aggressive monetary tightening from central banks across the world, they believe the Federal Reserve will lead tightening and will continue to push …

Trader on the floor of the NYSE, June 1, 2022. Source: NYSE Global markets are in the beginning of a fundamental shift after a nearly 15-year period defined by low interest rates and cheap corporate debt, according to Morgan Stanley co-President Ted Pick. The transition from the economic conditions that …

Select’s editorial team works independently to review financial products and write articles we think our readers will find useful. We earn a commission from affiliate partners on many offers, but not all offers on Select are from affiliate partners. If you’re thinking about buying a house sometime soon, it’s a …

Analysts at Wells Fargo forecast the AUD/USD pair at 0.7100 by the end of the second quarter, at 0.6900 by year-end and at 0.6800 by the first quarter of next year. They warn risks are tilted to the upside.  Key Quotes:  “After a steady rebound in growth in Q4-2021, labor market …

A U.S. central bank digital currency could bring many benefits, Federal Reserve Vice Chair Lael Brainard told Congress on Thursday. It would serve as the “neutral settlement layer in the digital financial ecosystem,” which in turn “would actually facilitate and enable private sector innovation,” she said. The idea of a …

Shares of Muthoot Finance sunk 9.4 per cent to Rs 1,029 per share on the BSE in Friday’s intra-day trade after the gold financier reported a weak set of number for January-March quarter of FY22 (Q4FY22). At 10:30 AM, its shares quoted at Rs 1,060, down about …