Wednesday, December 2, 2020

JPMorgan to pay $135m for improper handling of ADRs

Washington: JPMorgan Chase & Co will pay over $135 million to settle charges it mishandled so-called “pre-released” American Depositary Receipts (ADRS), the Securities and...

RBS critic pays £20,000 for criticising bank

LONDON: A critic of Royal Bank of Scotland’s disgraced restructuring unit has spent £20,000 on a billboard berating the high street bank as part...

Bank of Italy sounds alarm over stability of banks and insurers

MILAN: Italy's central bank has sounded the alarm over the country's rising bond yields, warning that they are set to cost the nation billions...

Bank of England chief hits back at critics of Brexit scenarios

LONDON: Bank of England Governor Mark Carney defended the central bank’s warnings of a potentially major economic hit from Brexit which angered lawmakers opposed...

BlackBerry to buy cybersecurity firm Cylance for $1.4 billion

TORONTO: BlackBerry Ltd raised its bets on artificial intelligence and cybersecurity with the $1.4 billion purchase of California-based machine-learning specialists Cylance. The Canadian technology company,...

Pakistan’s economic policy achieves remarkable results: Sina Finance

BEIJING: Pakistan’s economic policy adopted by the present government led by Prime Minister Imran Khan during the last one year, has achieved remarkable results,...

Stock futures lower on recession worries

NEW YORK: U.S. stock index futures fell on Wednesday after moves in the U.S. bond market returned investors to worrying about the risk of...

UBS franchise strength drives sound 1Q18

London: UBS Group AG’s (UBS) sound 1Q18 results reflect the value of a globally diversified leading wealth manager with investment banking capabilities, says Fitch...

Bank of England chief Carney backs UK PM May’s Brexit deal

LONDON: Bank of England Governor Mark Carney gave his backing to a Brexit deal struck by British Prime Minister Theresa May, saying the alternative...

Wall Street opens slightly lower after mixed bank reports

WASHINGTON: US stocks opened slightly lower on Tuesday as bank shares fell after a batch of mixed quarterly reports from Wall Street lenders JPMorgan...

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