Posted at 16:10h
Italy's Banca Monte dei Paschi
sold on Tuesday a long-awaited subordinated bond to
shore up its capital but had to pay a high price compared to its
Posted at 15:55h
Facebook Inc is
"delusional" to believe people will trust it with their money, a
U.S. senator said on Tuesday as lawmakers from both sides of the
aisle grilled the social media company on its plans for a
digital currency at a hearing on Tuesday.
Posted at 15:43h
Three big U.S. banks reported strong
earnings on Tuesday, even as warning signs emerged that the
playing field is beginning to tilt against the financial
Posted at 15:31h
Members of the U.S. Senate
and House of Representatives introduced bills on Tuesday to keep
tight restrictions on Huawei Technologies Co Ltd, amid
concern about President Donald Trump's easing of restrictions on
the Chinese firm.
Posted at 15:10h
An escalation of tensions
between Western states and Iran is not in anybody's interest,
British Prime Minister Theresa May's spokesman said on Tuesday
following threats of retaliation from Iran over the seizure of
an oil tanker.
Posted at 15:08h
German Finance Minister Olaf
Scholz said on Tuesday regulators must ensure that
cryptocurrencies such as Facebook's planned digital coin
Libra do not threaten financial stability and consumer privacy.
Posted at 14:51h
Liberal lawmakers at the
European Parliament will support German conservative Ursula von
der Leyen as the next European Commission president, the leader
of the group said on Tuesday.
Posted at 12:30h
Australia's prudential regulator
should become less "discreet"
and be given more power, including the ability to veto corporate
boardroom hires, a government report said, in a sign oversight
bodies are being dragged into a banking sector clean-up.
Posted at 12:26h
Wells Fargo & Co beat analysts'
estimates for quarterly profit on Tuesday, as the
fourth-largest U.S. bank benefited from an uptick in lending and
aggressive cost cutting.
Posted at 12:18h
JPMorgan Chase & Co reported a
better-than-expected quarterly profit on Tuesday as higher
interest income and buoyant consumer lending offset lower
activity at its trading desks.