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Bank of America CEO Brian Moynihan said Wednesday that strong consumer spending so far this year means the Federal Reserve will probably hold off on cutting its benchmark interest rate.The bank's retail customers are spending about 6%…

Even if the U.K. is not the "direct recipient" of potential tariffs imposed by the U.S., "it will have an effect," Bank of England Governor Andrew Bailey said Thursday.If tariffs are announced, their effect on the global economic growth…

Jane Fraser, CEO of Citi, speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 1, 2023. Patrick T. Fallon | AFP | Getty ImagesBank shares rose Thursday after the Federal Reserve released parameters…

Germany's largest lender Deutsche Bank on Thursday reported weaker-than-expected profit that fell sharply in the last three months of 2024, as legal provisions weighed on the bottom line.Frankfurt-listed shares of the bank pared back…

The European Central Bank is widely expected to kick off its 2025 meetings with another interest rate cut on Thursday, as traders aim to gauge how far the central bank is willing to diverge from a stalled Federal Reserve.Money markets on…

Morgan Stanley CEO Ted Pick said Thursday that his bank will be working with U.S. regulators to examine whether it can deepen its involvement in cryptocurrency markets.Pick was asked about his views on digital currencies under the…

By DAILY MAIL CITY & FINANCE REPORTER Updated: 17:02 EST, 20 January 2025 <!-- <!-- --> <!-- --> <!-- --> <!-- The…

Bank of America on Thursday posted results that topped expectations for profit and revenue on better-than-expected investment banking and interest income.Here's what the company reported:Earnings: 82 cents vs. 77 cents expected,…

The Royal Exchange and the Bank of England.SOPA Images / Contributor / Getty ImagesThe U.K. economy grew at a lackluster pace of 0.1% in November, data from the Office of National Statistics (ONS) showed Thursday, with the reading…

Goldman Sachs shares jumped to near all-time highs Wednesday after the investment bank reported strong fourth-quarter results and signaled that more dealmaking is on the way. Revenue for the three months ended Dec. 31 increased over 22%…