Finance
Deutsche Bank prepares $8.5 billion capital increase
FRANKFURT Deutsche Bank is preparing for a potential capital increase of about 8 billion euros ($8.5 billion) as it seeks to strengthen its balance sheet and free up funds for strategic investments after years of restructuring.
Investors still chasing inflation trade with $9.8 billion equity inflows: BAML
LONDON Investors continued to chase the inflation trade in the week that U.S. President Donald Trump reiterated his pledges on tax cuts and spending, and Fed officials hinted at a March rate hike, Bank of America Merrill Lynch (BAML) said on Friday.
Morgan Stanley sees Fed hiking U.S. rates in March
NEW YORK Morgan Stanley economists said on Thursday they expected the Federal Reserve will raise U.S. interest rates by a quarter point to a range of 0.75-1.00 percent at its upcoming policy meeting in less than two weeks.
UPDATE 1-Morgan Stanley sees Fed hiking U.S. rates in March
NEW YORK, March 2 Morgan Stanley economists said on Thursday they expected the Federal Reserve will raise U.S. interest rates by a quarter point to a range of 0.75-1.00 percent at its upcoming policy meeting in less than two weeks.
Credit Suisse sees more lending to the world's wealthy
ZURICH Credit Suisse expects higher lending to the world's wealthiest individuals will help its big bet on wealth management pay off.
American Express escalates high-fee card competition
NEW YORK American Express Co will begin to offer this month $200 a year in Uber rides, plus other new perks, on its Platinum charge cards as it fights to protect its high-end market from JPMorgan Chase & Co and Citigroup Inc.
More Wells Fargo customers may be affected by sales scandal: filing
More Wells Fargo & Co customers may have been affected by a scandal over phony accounts than previously believed, the third-largest U.S. lender said in a regulatory filing on Wednesday.
JPMorgan eyes boosting dividends, buybacks as capital piles up
No. 1 U.S. bank JPMorgan Chase & Co may return more money to shareholders than it earns over the next few years, it forecast on Tuesday, an encouraging sign for investors who have been waiting for richer dividends and share repurchases.
Ex-Barclays traders put money before honesty, UK court hears
LONDON Two former Barclays traders were driven by the desire for money and showed scant regard to honesty and integrity when they conspired to rig global Libor interest rates, a lawyer for the UK Serious Fraud Office told a London jury trial on Tuesday.
Wells Fargo robo-adviser to target young, first-time investors
NEW YORK Wells Fargo & Co's wealth management business said on Tuesday it would launch its new robo-adviser Intuitive Investor later this year in a bid to develop a new revenue stream from existing Millennial customers who may be looking to open their first investment account in a crowded online market.
