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Finance
admin June 22, 2024

Regulators hit Citigroup, JPMorgan Chase, Goldman Sachs and Bank of America over living will plans

Jane Fraser, CEO of Citigroup, testifies during the Senate Banking, Housing, and Urban Affairs Committee hearing titled Annual Oversight of the Nations Largest Banks, in Hart Building on Thursday, September 22, 2022. Tom Williams | CQ-Roll Call, Inc. | Getty ImagesBanking regulators on Friday disclosed that they found weaknesses in the...

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Economy
admin June 22, 2024

Bank of England keeps rates at 5.25% in ‘finely balanced’ decision; traders lift bets for August cut

General view of the Bank of England building in London.Sopa Images | Lightrocket | Getty ImagesLONDON โ€” The Bank of England on Thursday opted to keep interest rates steady at its June meeting, but described the decision as "finely balanced" after U.K. inflation hit its 2% target.Money market pricing lifted...

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Economy
admin June 21, 2024

IMF chief says Europe looks like ‘an ideas supermarket’ for the U.S., calls for further integration

IMF Managing Director Kristalina Georgieva arrives at a briefing in Washington, D.C., on Friday, April 19, 2024.Bloomberg | Bloomberg | Getty ImagesThe head of the International Monetary Fund on Thursday called on Europe to achieve the full potential of its prized single market, lamenting what she described as a situation...

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Wealth
admin June 20, 2024

The UAE is set to be the No. 1 ‘wealth magnet’ in the world, new report shows

The UAE expects to see a net inflow of 6,700 millionaires from around the world by the end of 2024, according to new research.Buena Vista Images | Stone | Getty ImagesThe United Arab Emirates is set to be the world's leading wealth magnet for the third year in a row.That's...

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News
admin June 20, 2024

Family films led by ‘Inside Out 2’ could reignite the box office

Amy Poehler and Maya Hawke voice Joy and Anxiety, respectively, in Disney and Pixar's "Inside Out 2."Disney | PixarA big piece has been missing from the box office โ€” family films.A handful of kid-friendly hits โ€” Universal's "Super Mario Bros." chief among them โ€” have boosted ticket sales. But many...

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