UK watchdog finds potential NatWest ‘regulatory breaches’ in Farage fiasco
The Financial Conduct Authority, a British watchdog, said that on Friday it identified possible "regulatory violations" in NatWest's handling of the decision to close Nigel…
UniCredit CEO says shareholders prefer buybacks to dividends
UniCredit in Italy (CRDI.MI) uses share buybacks rather than dividends to return Capital to shareholders because investors prefer this, said Chief Executive Andrea Orcel at a…
US investment banks see early signs of revival in dealmaking
Wall Street's major firms have said that a bad year for dealmaking has reached a low point. Now, some companies are merging, giving hope to…
Sam Bankman-Fried jury to hear FTX founder’s testimony in fraud trial
Sam Bankman-Fried will take the witness stand in his New York fraud trial on Friday. He is accused of stealing billions of dollars from customers'…
Morning Bid: Amazon and goldilocks ride to the rescue
Mike Dolan gives us a look at what the U.S. markets and global markets will be like today. One of the "Magnificent Seven" top U.S. Megacaps,…
Tighter credit, lending conditions build case for Fed policy hold
U.S. Federal Reserve officials are likely to leave their policy rate unchanged at the meeting next week, thanks in part to a dynamic that is…
JPMorgan CEO Dimon to sell some of his stake in 2024
Dimon and his wife intend to sell one million of their 8.6 million shares under the terms of an approved stock trading plan. The bank…
Russia hikes key rate to 15% in bigger-than-expected rise
The Central Bank of Russia raised its key rate on Friday by 200 basis points, more than expected, to 15%. This was the fourth time…
Poland’s Bank Millennium aims to conclude 1,000 settlements a quarter on FX loans
Joao B. Jorge, the chief executive of Bank Millennium in Poland (MILP.WA), said that they aim to settle 1,000 Swiss franc loan settlements with their…
Real Estate Investment Trust (REIT): How They Work and How to Invest
What Is a Real Estate Investment Trust (REIT)? The term "real estate investment trust" (REIT) is a business that manages owns, or finance income-generating real…