UBS reportedly faces $20B capital hit under proposed Swiss reforms
The Swiss Finance Minister wants systematically important lenders to have full capital backing against their foreign units.
Powell indicates delay in Fed rate cuts
The Fed chair said that if price pressures persist, the central bank can keep rates steady 'as long as needed.'
Citi’s wealth CIO is stepping down
David Bailin is exiting the banking giant’s ranks after 15 years of service.
Morgan Stanley trading, wealth management units beat expectations in Q1
Net new assets for the wealth unit totaled $95 billion, higher than the two previous quarters combined.
Large long futures pullback could worsen stock weakness: Citi
Wall Street strategists say $52 billion worth of long positions on the S&P 500 pose risk.
Call options for stronger dollar are getting costlier
Betting on the greenback's resilience comes at a price.
Emerging market assets at lowest point so far in 2024
Index highlights international weakness as US economy remains robust.
Fed could hike rates rather than cut them: UBS strategists
Given strong US growth and sticky inflation, the Fed's next move could be to tighten again, pushing its benchmark rate as high as 6.5 percent.
Schwab Q1 revenue tops estimates
The firm reported $4.74 billion in net revenue for the three months through March, topping analysts’ estimates of $4.71 billion.
Goldman posts stronger-than-expected Q1 results
The surprise surge was led by traders, and by bankers who cashed in on a resurgence in dealmaking.