JPMorgan, BofA Show Gains in Headcount as Wells Fargo’s Drops
Despite the layoffs across the finance industry, there were no signs of a staffing pullback in JPMorgan Chase & Co’s or Bank of America Corp.’s fourth-quarter results.
Bloomberg Business
Where Will Europe Get Its Diesel From in 23 Days’ Time?
In just over three weeks, seaborne deliveries of diesel from the European Union’s single biggest external supplier will be all but banned.
Russia Claims Donbas Town But Ukraine Says It’s in Control
Russia claimed Moscow’s troops had taken Soledar, a small town in the Donetsk region of Ukraine, in one of their first victories in months. Kyiv rejected the claim.
World Economy’s Soft Landing Hopes Boosted as 2023 Begins
The world economy is beginning the new year on a more optimistic note, though that’s no guarantee 2023 will end that way.
China State-Owned Airlines to Delist in New York, Joining Exodus
Two of China’s largest state-owned airlines said they would give up their New York stock exchange listings, joining a raft of government controlled firms that announced their departures from US bourses last year.
Balloon Surveillance Startup to List in $350 Million SPAC Deal
World View, which focuses on remote sensing and stratospheric surveillance, has agreed to go public through a merger with a blank-check firm.
Obesity Treatments Catch Drugmakers’ Eyes as Sales Seen Soaring
Three years ago, drugmakers and laboratories around the world responded to the pandemic with Covid-19 vaccines. Now that the urgency has faded, they’re collectively turning attention to an older pandemic: obesity.
SocGen’s Incoming CEO to Face Staff Doubts on Strategy From Day One
One of the first challenges that Societe Generale SA’s incoming chief executive officer Slawomir Krupa will face this year is convincing staff that the bank is on the right track.
Bets Grow on BOJ Shift That Could Rattle Global Markets
(Bloomberg) — Traders are gearing up for the Bank of Japan’s first policy review of the year, with bets rising that Governor Haruhiko Kuroda may enact another shift as early as next week.
Drax Fined £6.1 Million for Charging Extreme Energy Prices
UK power firm Drax Group Plc agreed to pay a £6.1 million ($7.5 million) fine for breaching its license, after charging the grid operator excessive prices to reduce its generation.
