European Stock Exchange Travels Weakly, Wall Street Optimism Not Enough to Boost Parity – Investors Await US Inflation Data

European Stock Exchange Travels Weakly, Wall Street Optimism Not Enough to Boost Parity – Investors Await US Inflation Data

4′ reading (Il Sole 24 Ore Radiocor) – While waiting for the Christmas break and the data on American inflation, the European stock exchanges they are traveling weakly, despite the optimism of Wall Street, which rebounded the day before. So they oscillate around parity the FTSE MIB of Milan, the CAC 40 of Paris, the … Read more

Tracks new record in Europe

Tracks new record in Europe

Citigroup strategist Beata Manthey believes the European stock market will rise to a new record in 2024, reports Bloomberg. In a new note, she points out that the balance between macroeconomic risks is improving, and that most bad news has already been priced in. She further argues that investors have become too pessimistic about the … Read more

Citi’s Diversified Business Model Shines Amid Challenging Macroeconomic Conditions

Citi’s Diversified Business Model Shines Amid Challenging Macroeconomic Conditions

“Amid challenging macroeconomic conditions, we have continued to reap the benefits of our diversified business model,” said the bank’s chief executive, Jane Fraser, in a statement. Although trading clients did not participate, credit card activity increased by more than 10% thanks to strong demand. “Citi” monitors the return of life to the private financing markets … Read more

Wall Street banks forced to cut jobs due to slump in IPOs, debt securities and mergers

pte20230504004 Company/economy, trade/services Slump in IPOs, debt securities and mergers forces Wall Street to cut jobs significantly Morgan Stanley: Institute has to cut many jobs (Photo: unsplash.com, Sven Piper) New York (pte004/04.05.2023/06:15) – The sharp drop in IPOs, debt securities and mergers is forcing major Wall Street banking institutions to make significant job cuts. After … Read more

“Charles Schwab and State Street Report Decline in Deposits Due to Rising Interest Rates”

State Street and Charles Schwab have recently experienced a significant drop in deposits. The decrease in assets has been attributed to a variety of external factors, including the COVID-19 pandemic and current economic uncertainty. As two of the industry’s largest custodians, these developments raise important questions about the state of the financial market and the … Read more

The biggest shareholder of Credit Suisse’s leader is departing – E15.cz.

Khudayrí announced that he was leaving for personal reasons. But his resignation comes 12 days after he categorically ruled out in an interview with Bloomberg that the SNB would provide Credit Suisse with another financial injection if the troubled Swiss bank needed it. Chudajrí explained that if the SNB were to buy additional shares of … Read more

Warren Buffett, prominent investor, steps in amidst SVB bankruptcy causing banking crisis.

Warren Buffett The star investor had already become active during the 2008 financial crisis. (Photo: AP) Denver Bankers, regulators and government officials have been dealing with a central question for days: How can trust in the US banking system be restored after the Silicon Valley Bank (SVB) went bankrupt? Star investor Warren Buffett is apparently … Read more

“Equities in New York Ignore ECB Rate Hike and Experience Upswing: ROUNDUP”

NEW YORK The leading index Dow Jones Industrial shook off initial losses and recently rose by 0.21 percent to 31,940.38 points. The other indices presented themselves even stronger: The market-wide S&P 500 rose by 0.70 percent to 3919.10 points and the technology-heavy Nasdaq 100 by 1.31 percent to 12,411.57 points. Shortly before the start of … Read more

The worsening of the Russian-Ukrainian conflict will be carried away by the Polish zloty, says the third largest American bank

The effects of a possible further worsening of the escalating Russian-Ukrainian conflict will hit the Polish one hardest among the Central European economies. Citigroup, the third largest bank in the USA, predicts this in its forecast. According to her, the Polish currency, the zloty, will be hit worse than the Czech koruna or the Hungarian … Read more