banks
By Virginia Furness, Karin Strohecker and Simon Jessop BAKU (Reuters) – As officials from around the world strive this week to reach a deal on funding for poorer countries to tackle climate change, investment manager Rob Drijkoningen is the sort of person they’re hoping will help get them there. Drijkoningen…
By Shankar Ramakrishnan and Echo Wang (Reuters) – Elon Musk’s political ascendancy has some Wall Street banks hoping they may soon be able to offload $13 billion of debt that backed the billionaire’s purchase of the social media platform X, three banking sources said. Some of the lenders in the…
Goldman Sachs named 95 partners last week, including private wealth exec Brittany Boals Moeller.The 39-year-old runs the Southeast region and leads strategy for young and women clients.She told BI how the bank is catering to these prized clients. Brittany Boals Moeller, one of Goldman Sachs’ newly minted partners, didn’t picture…
By Karin Strohecker and Virginia Furness LONDON (Reuters) – Multilateral development banks are putting much more focus on investments to tackle climate change, the president of the European Bank for Reconstruction and Development said this week, amid worries about U.S. climate policy under a Trump administration. “MDBs are really stepping…
By Niket Nishant, Manya Saini and Nupur Anand (Reuters) – The banking industry is expected to win big as former President Donald Trump returns to the White House, ushering in Republican regulators who are expected to ease capital rules and merger approvals, industry experts and analysts said. The President-elect’s picks…
(Reuters) – Major banks expect gold to extend its record-breaking price rally into 2025 because of a revival in large inflows to exchange-traded funds (ETFs) and expectations of additional interest rate cuts from prominent central banks around the world, including the U.S. Federal Reserve. “Gold is expected to remain strong,…
A look at the day ahead in U.S. and global markets from Mike Dolan Even though futures pricing had already turned queasy before the sticky September inflation report on Thursday, the prospect of the Federal Reserve skipping another interest rate cut next month has now become part of the mix.…
By Byron Kaye SYDNEY (Reuters) – Meta said it has taken down some 8,000 so-called “celeb bait” scam ads from Facebook (NASDAQ:) and Instagram as part of a new effort with Australian banks to curb the practice. The scams use images of famous people, often generated by artificial intelligence, to…
(Reuters) – Major banks expect gold to extend its record-breaking price rally into 2025 because of a revival in large inflows to exchange-traded funds (ETFs) and expectations of additional interest rate cuts from prominent central banks around the world, including the U.S. Federal Reserve. “We reiterate our long gold recommendation…
SHANGHAI/BEIJING/HONG KONG (Reuters) – Zhongzhi Enterprise Group, a former leader of China’s shadow banking sector that declared insolvency last year, used aggressive and potentially illegal sales practices to sustain its operations as it lurched toward collapse, according to records reviewed by Reuters and eight people with direct knowledge of the…
