(File) In this file photo taken on May 08, 2019, a pedestrian walks behind the logo of the Swiss banking giant UBS carved on the wall of its headquarters in Zurich. Fabrice Cofrini / Agency France-Press / Getty Images European stocks plunged on Tuesday amid concerns over the political climate …
Read More »
Bill Pugliano / Stringer / Getty Images Bloomberg said War Run Buffett has cut its holdings in Wells Fargo because the bank’s board went against his advice and appointed the chief of New Street as its new CEO, Bloomberg said. Well-known investor and Berkshire Hathaway CEO told the Financial Times …
Read More »
First Citizens Bankshares Inc. FCNCB 16.66% Said on Friday that it plans to buy CIT Group Inc. C.I.T. 27.94% In all-stock deals worth about 2 2.7 billion. The combination of New York City-based Raleigh, NC and CIT-based First Citizens Will create more than 100 billion in assets from one of …
Read More »
Goldam Sachs Group Inc. G.S. -1.55% No. Third-quarter profits nearly doubled, with the latest confirmation that Wall Street could still make money despite the epidemic and recession. Goldman posted a quarterly profit of. 62.6 billion, or 6 9.68 billion, on earnings of .7 78.7862 billion. Both measures were better than …
Read More »
In the midst of the coronavirus crisis, a strange thing happened: America’s largest bank made lower profits than it did a year ago, before the epidemic hit the economy. Taken together, the third quarter results of both banks show that business and consumers have been surprisingly good in the month, …
Read More »