Category: Financial Services

September 4, 2019

JPMorgan Chase & Co. plans to add Chinese government debt to its widely followed indexes, marking the latest stamp of foreign approval for the country’s assets and one that is likely to draw yet more money from abroad. The bank’s […]

August 21, 2019

Jyske Bank, one of the largest lenders in Denmark, has announced that it will start charging wealthy clients to store their money, just weeks after introducing the first ever negative interest rate mortgage for customers. The bank said on Tuesday […]

August 20, 2019

China’s central bank has changed the way commercial lenders set interest rates for loans — a move expected to bring borrowing costs lower at a time when the Chinese economy needs a boost. Growth in China is slowing down as […]

August 12, 2019

Goldman Sachs has a new battle plan for the trade war: Buy service-providing stocks and avoid goods-producing companies. The strategy involves buying companies such as Microsoft, Amazon, Google and J.P. Morgan Chase because the U.S.-China trade war has hurt share […]

July 31, 2019

Credit Suisse has bucked the global banking trend of decline in its second-quarter earnings report, announcing an 8% rise in global markets revenue and fixed income sales and trading up 11%. The Swiss bank’s headline figure was a 45% surge […]

July 30, 2019

Capital One Financial shares fell Tuesday, a day after the disclosure of a data breach that impacted about 100 million individuals in the U.S. The company said Monday night it discovered the breach on July 19, and that the Social […]

July 29, 2019

Shares of PayPal (PYPL – Get Report) were slipping Monday after analysts at Guggenheim downgraded the stock to sell from neutral, citing regulatory and other headwinds expected to take hold before 2020. The stock was down 3.02% to $112 a […]

July 25, 2019

Barclays is proving to be one of the early winners from the woes of German rival Deutsche Bank. The British bank, run by ex-J.P. Morgan executive Jes Staley, has persuaded hedge fund clients with $20 billion in balances at Deutsche […]

July 16, 2019

J.P. Morgan Chase posted earnings that exceeded analysts’ expectations, aided by an income tax benefit that boosted results by $768 million. The bank on Tuesday posted second-quarter profit of $9.65 billion, 16% higher than a year earlier, or $2.82 a […]

July 12, 2019

Surprise: Analysts expect banks to be one of the brighter areas of the stock market during an overall dismal earnings season. As second-quarter earnings season begins, recent economic news has been good and the Dow Jones Industrial Average DJIA, +0.85% […]