bank stocks

 
 

US big banks beat profit expectations but warning signs grow

NEW YORK, July 17 — Three big US banks reported strong earnings yesterday even as warning signs emerged that the playing field is beginning to tilt against the financial industry. While the biggest risk ahead is that lower interest rates will…


Lagarde ECB pick triggers euro-zone share rally as investors chase yield

LONDON, July 4 ― Euro zone stocks surged yesterday as investors piled into firms with big dividends on hopes European Central Bank chief nominee Christine Lagarde will maintain the ECB's dovish stance, while Italian shares jumped over 2 per cent…


European shares hit two-month high as EU picks Lagarde to head ECB

BRUSSELS, July 3 — Hopes that European Central Bank Chief nominee Christine Lagarde would follow the dovish steps of Mario Draghi pushed European shares to a two-month high today, and boosted high-dividend yielding defensive stocks. If approved by…


China bank stocks fall on possible US action linked to North Korea

BEIJING, June 25 — Shares in three large Chinese banks fell today after a media report said a US judge had found the banks in contempt for refusing to comply with subpoenas related to a North Korean sanctions violations case. The ruling could…


US stocks approach record as Fed soothes Wall Street's fears

TORONTO, June 20 — The S&P 500 approached a record high yesterday after the Federal Reserve signaled potential interest cuts later this year, reassuring investors worried that the US-China trade war could stall economic growth. Saying it…


Wall Street slips; banks fall with prospect of rate cut, energy drops

NEW YORK, June 13 — Wall Street ended down slightly yesterday, with bank stocks declining as prospects of a US interest rate cut rose and energy shares tumbling along with oil prices. The S&P 500 energy index slid 1.4 per cent, the most among…


Trump's tariff threat on Mexico rattles Wall Street

WASHINGTON, May 31 — US stocks fell broadly today, hit by fears that President Donald Trump's shock threat of tariffs on Mexico could prove the trigger that pushes the world's largest economy into recession. Washington will impose a 5 per cent…


Wall Street steadies after sell-off, but gains muted

NEW YORK, May 31 — US stocks showed signs of stabilising yesterday, but gains were kept in check by conflicting comments on trade talks from President Donald Trump and Beijing that reinforced concerns about a potentially lengthy battle harming…


Wall St set to open sharply lower as trade tensions escalate

NEW YORK, May 29 — Wall Street was set to open at its lowest level in at least two months today after China signaled readiness to escalate the trade war with the United States, with investors fearing that the dispute could be long drawn and weigh…


European shares slip, possible fine on Italy hits bank stocks

LONDON, May 29 ― European shares dipped yesterday, with bank stocks capturing investors' attention as concerns about a possible fine on Italy due to the indebted country's yawning budget deficit exacted a heavy toll on risk sentiment. The…