BNP Paribas will acquire HSBC's custody and depositary business in Germany, transferring services to BNP's Securities Services division in the country.
Barclays CEO welcomed signs U.S. Republicans may drop the Section 899 tax, calling it a positive move for UK firms like Barclays investing in the U.S.
Meta criticized EU regulators for shifting rules, saying it's been unfairly targeted despite making major changes to comply with pay-or-consent model orders.
The U.S. dollar hits a 3-year low as markets fret that President Trump may replace Fed Chair Powell, fueling expectations of a more dovish monetary policy.
Hedge funds increased leverage to almost 300%, the highest since 2020, buying bank, trading, and insurance stocks ahead of U.S. Fed decisions and geopolitical risks
To counter U.S. tariffs, Nike plans to reduce dependency on China-based manufacturing for its U.S. market, boosting its stock by 11%
U.S. GDP fell 0.5% in Q1, revised down from 0.2%, as consumer spending slowed. Tariffs are seen as a key factor behind the weaker economic performance.
Germany's consumer sentiment dips to -20.3 for July as higher saving offsets better income outlook, says GfK/NIM survey. Down slightly from June's -20.0.
Shell denies BP takeover talks, says no bid was made and none is planned. UK rules now bar Shell from making a BP offer for six months.
U.S. Treasury extends emergency debt limit measures to July 24 to avoid breaching ceiling, citing need for continued cash management.
Meta hires 3 ex-OpenAI researchers for its AI team, days after Altman accused it of poaching staff. Open AI confirmed exits; Meta has not commented yet.
Japan leads Asia's $650B M&A surge in 2025 with $232B in deals, driven by low rates, reforms, and rising takeovers. Bankers expect momentum to continue.
Fed begins move to ease bank leverage rules, possibly exempting Treasuries, to reduce capital strain on major banks.
Oil prices rise after U.S. crude stockpiles fall 5.8M barrels, signaling robust summer demand.
U.S. sanctions three Mexican banks over alleged fentanyl-related transfers, tightening financial scrutiny
The FCA may ease rules on interest-only mortgages, once seen as risky, to help more people who can't afford full repayments get on the property ladder.
Top U.S. banks are expected to pass stress tests, paving the way for increased dividends and stock buybacks.
Norway's central bank may cut rates twice more in 2025 after a surprise drop to 4.25%, driven by easing inflation.
Canada's annual inflation held steady at 1.7% in May, with gasoline prices down and core inflation measures slightly easing.
The U.S. dollar weakened as a ceasefire between Israel and Iran lifted investor appetite for risk, supporting global markets.
EU states and Parliament agreed to ease gas storage rules to avoid driving up energy prices, the European Commission announced Tuesday
Norway's Equinor says its Johan Castberg oilfield in the Arctic is now producing at full capacity of 220,000 barrels/day after a brief May outage.
UK pledges £9bn/year to fix schools, hospitals, courts & prisons. £725bn over 10 years aims to renew infrastructure, boost safety & build 500,000 homes.
Spain's PM Sánchez rejects NATO's 5% GDP defense spending proposal, calling it unreasonable and incompatible with Spain's welfare model and global vision.