By Chris Taylor NEW YORK (Reuters) – Here is a good rule of thumb for entrepreneurs: Opportunity does not always look like what you expect. In fact, sometimes it looks like its exact opposite. It might come in the form of a phone call famed sportscaster Rich Eisen got while at the Los Angeles airport …
Drafting it: Sportscaster Rich Eisen on football and finances Read More »
By Ross Kerber (Reuters) -Top U.S. bank investors gave only slim support on Tuesday to shareholder resolutions calling for the lenders to wind down new fossil fuel financing, setbacks for climate activists who had hoped for new constraints on the oil and gas industries. The resolutions won only about 10% support of votes cast at …
Top US banks face little investor pressure on fossil-fuel financing Read More »
(Reuters) – Wealth manager Northern Trust Corp reported lower-than-expected first-quarter profit on Tuesday, as lower asset management fees dragged down gains from higher interest rates. The results come close on the heels of two of the biggest bank failures in U.S. history that dampened hopes of an economic recovery and shook global markets. Market volatility …
Northern Trust’s first-quarter profit slightly below estimates as fees plunge Read More »
By Hannah Lang (Reuters) – Coinbase Global Inc filed a petition on Monday in an effort to compel the U.S. Securities and Exchange Commission to create new rules for digital assets, the company said in a blog post, in the latest escalation of the cryptocurrency exchange’s tensions with the securities regulator. Coinbase filed a petition …
Coinbase files legal challenge to push SEC to write rules on crypto Read More »
By Lucy Raitano LONDON (Reuters) – Investors cut their cash holdings for the first time in eight weeks in the week to Wednesday, while shedding equities and gold, according to a report from BofA Global Research on Friday. Market focus has shifted to inflation and the outlook for monetary tightening in recent weeks as fears …
Investors cut cash holdings as market focus shifts to inflation Read More »
By Maiya Keidan TORONTO (Reuters) – Hedge fund bets against Canada’s TD Bank Group hit $6.1 billion on Wednesday, a 45% increase from 14 days ago, according to data provider ORTEX’s calculations, one day ahead of the Canadian lender’s annual general meeting. Analysts attributed the short bets to the TD’s planned acquisition of U.S. lender …
Short positions on Canada’s TD Bank rise to $6.1 billion, ORTEX data shows Read More »
(Reuters) – U.S. Bancorp (USB) on Wednesday beat estimates for first-quarter profit as rapid rate hikes from the Federal Reserve helped the lender earn more from the interest charged on loans. That cushioned a hit from the bank increasing its rainy-day funds to $427 million from $112 million last year, as it girds for an …
U.S. Bancorp beats profit estimates as higher rates boost interest income Read More »
By Nell Mackenzie LONDON (Reuters) – Investment firm Orchard Global, which manages $8 billion of capital, has hired Fredrik Gentzel as its chief operating officer (COO), a statement seen by Reuters said. Gentzel previously worked as the CEO of hedge fund Capula Investment Management from 2017. Capula specialises in bond and macro economic trading. At …
Orchard Global hires former Capula chief exec Gentzel as COO Read More »
(Reuters) – State Street Corp reported a first-quarter profit on Monday that missed analysts’ estimates, hurt by a fall in fee income due to the recent U.S. banking crisis, sending the company’s shares down 10% in premarket trading. The collapse of two regional lenders in the United States last month shook investor confidence, raised liquidity …
State Street profit misses on lower fee income; shares fall Read More »
(Reuters) – M&T Bank Corp beat Wall Street estimates for first-quarter profit on Monday, as the U.S. Federal Reserve’s rapid rate hikes to tame high inflation boosted the lender’s interest income. U.S. banking heavyweights have also reaped windfalls from higher interest payments in the first quarter, brushing off a crisis prompted by the collapse of …
M&T Bank Corp beats profit estimates as interest income doubles Read More »
