First Citizens’ first-quarter profit tops estimates on interest income strength

theglobeandmail.com First Citizens BancShares’ first-quarter profit beat expectations as the lender earned higher interest income and reaped the benefits of its acquisition of Silicon Valley…

Spring Awakening: 3 Dow Stocks Emerging from Hibernation

investorplace.com Here are some of the top stocks to buy on the cheap The last time I spoke about the top blue-chip stocks to buy on dips, I highlighted opportunity in the 2024 Dogs of the…

Wall Street Winners: The 3 Biggest Analyst Upgrades From Last Week

investorplace.com Wall Street analysts are revisiting their rating calls in recent days and weeks amid the increase in market volatility, leading to some of the biggest analyst upgrades.…

China’s sovereign fund launches US$1 billion Middle East fund with Investcorp

scmp.com Qi Bin, executive vice-president and deputy chief investment officer with CIC, said that the partnership will strengthen economic relationships between China and the GCC…

RBC shock firing of CFO comes at crucial time for Canada's largest bank

financialpost.com The sudden exit of Royal Bank of Canada’s chief financial officer comes at a “critical juncture” for the lender as it tries to absorb the biggest acquisition in its history,…

West Virginia bars TD, HSBC, Citi, Northern Trust from banking contracts over ESG policies

financialpost.com West Virginia’s treasurer announced that he is restricting four financial services firms from providing state banking services because he says they “boycott” the fossil…

RBC fires CFO Nadine Ahn after probe into personal relationship

financialpost.com Royal Bank of Canada fired its chief Financial Officer Nadine Ahn after an internal review concluded that she was in an undisclosed close personal relationship with another…

It's a scam! How deepfakes and voice cloning taps into your cash

euronews.com A recent deepfake video call with what was thought to be a CFO of a company cost €23 million to an undisclosed firm in Hong Kong. Deepfake fraudulent identity verification…

Tesla may have found itself a lifejacket���but its rocky ride following job and price cuts across Europe isn’t over yet

aol.com Tesla has had a rough ride the past couple of months. At the top of the list now is the Texas-based company’s widely anticipated earnings results, which fell for the first…

AMD’s Secret Sauce: Why This Chip Underdog Is Poised to Dethrone Nvidia

investorplace.com Here's why AMD is a chip stock that may be worth adding to your portfolio right now Advanced Micro Devices (NASDAQ:AMD) stock is perhaps best known as the key rival to the…

Gucci Turnaround Will Take More Time Amid Weak China Demand, HSBC Says

youtube.com Kering's attempt to turn around Gucci will take longer than anticipated, according to HSBC luxury and sporting goods analyst ...

ASEAN trade recovery still 'at a nascent stage,' says HSBC economist

youtube.com Yun Liu, ASEAN economist at HSBC, discusses the outlook for U.S. interest rates and how it will affect Southeast Asian ...

Institutional Digital Assets: The Future of Finance Is Here

coindesk.com A “crypto year” is often said to pack one year of innovation into a time span that would normally take seven. Like dog years. That said, institutions don’t move in crypto…

Mega-Cap Marvels: 3 Powerhouse Picks from IBD’s Prestigious Big Cap 20

investorplace.com The primary focus of IBD Big Cap 20 list is large-capitalization stocks. The reasoning behind these picks is that they are steady, conservative equities that investors can…

Mt. Gox Exchange Repayment Updates: Market Impacts

bitcoinnews.com The Mt. Gox Bitcoin exchange, once a dominant player in the Bitcoin space, faced a devastating hack in 2014, resulting in the loss of 850,000 bitcoin. Since then, creditors…

Financial Services Roundup: Market Talk

wsj.com HSBC and Standard Chartered and more in the latest Market Talks covering Financial Services.

Asia markets extend gains as investors assess business activity figures from around the region

cnbc.com Muslim devotees are breaking their fast and having their meals on the last Friday of the holy fasting month of Ramadan, also known as Jumat-ul-Vida, at the Jama Masjid in…

HKMA launches one-stop platform to help SMEs affected by new travel trend

scmp.com “We hope that the platform can make it easier for SMEs to shop around so that they can compare and choose among loan products offered by different banks and increase their…

Mt. Gox Trustee Reveals Updated Bitcoin and Fiat Repayment Schedule for Creditors

cryptonews.com Mt. Gox is approaching the final phase of its long-anticipated compensation process for creditors. According to an April 21 report shared on Reddit, the defunct exchange is…

Tesla Shares Slide As Price-Cuts In US, China, & Germany Spark Worsening EV Price-War

zerohedge.com Tesla Shares Slide As Price-Cuts In US, China, & Germany Spark Worsening EV Price-War Tesla shares tumbled nearly 6% on Monday morning, on pace for the seventh straight down…

Homeowner pain as major banks hike mortgage rates

bbc.co.uk Some of the UK's biggest banks are raising mortgage rates as expectations of when the Bank of England will cut interest rates are pushed back. Mortgage rates have risen over…

3 AI Stocks I’d Buy Over Nvidia Any Day of the Week

investorplace.com Nvidia isn't the only game in town for investors looking for upside in the AI trade. Nvidia (NASDAQ:NVDA) has been the AI stock that has stayed hot over the past year, with…

Analysis-Souring China dreams force Western financial firms to cut costs

aol.com Just a few years ago, lucrative business prospects in China on the back of a booming economy led to a scramble among Western financial firms, from investment banking to…

Japan and South Korea could coordinate currency intervention, but they may need U.S. support

cnbc.com Investors have been monitoring for potential intervention in the Japanese yen, but recent comments have triggered discussion about "coordinated intervention" with South…

S&P 500 Giants, Leading AI Play Among Stocks To Watch

investors.com S&P 500 stocks Allstate (ALL) and TransDigm (TDG) along with recent IPO Cava (CAVA) and Sea Limited (SE) are in focus this week. The stock market has suffered significant…

Even a ‘rate shock’ for British mortgage borrowers may not help the banks

theguardian.com Mortgage borrowers who had been holding out for more affordable rates had their hopes dashed last week, as disappointing economic data raised the likelihood of borrowing…

Hacking group GhostR claims it stole 5.3M records from World-Check screening database used for KYC checks for sanctions and financial crime links

techcrunch.com Hackers are threatening to leak World-Check, a huge sanctions and financial crimes watchlist The stolen database contains 5.3 million records A financially motivated…

Analyst updates Johnson & Johnson stock price target after earnings

thestreet.com In 1894, Johnson & Johnson (JNJ) began selling talc as Johnson's Baby Powder. "The original square container was designed with parents in mind," the world’s largest maker of…

Wall Street Favorites: 3 Meme Stocks With Strong Buy Ratings for April 2024

investorplace.com Delve into these three strong buy meme stocks, defying market expectations with genuine growth and online buzz Not too long ago, GameStop (NYSE:GME) and other meme stocks…

Miscreants get their mits on the world’s KYC database

theregister.com The World-Check database used by businesses to verify the trustworthiness of users has fallen into the hands of cybercriminals. The Register was contacted by a member of the…

India's Narendra Modi focuses on economy in election push – DW

dw.com Indian Prime Minister Narendra Modi is aiming to win a third term in office in general elections that got underway on April 19. His reelection campaign focuses on economic…

Magnificent 7 stocks may soon see wave of investment dollars from largest US funds

investing.com Investing.com -- The Magnificent 7 stocks have been the hot stocks to own over the bull cycle, but the largest U.S. investors have been surprisingly missing out because of…

Tokenizing Real-World Assets Redefines Financial Inclusivity: A $16 Trillion Outlook

financemagnates.com We are standing on the cusp of a new era when digital and traditional finance converge to create social and economic transformation. Where barriers to entry once stood,…

Taylor Swift fans lose at least $1 million to Eras Tour scams in the UK

aol.com Thousands of Taylor Swift’s UK fans have been duped into buying fake tickets for her upcoming Eras Tour concerts, according to a major British bank. More than 600 customers…

Mastercard Brings Commercial Cards to Digital Wallets

pymnts.com Continuing the industry’s migration of business payments and expense management to digital platforms, Mastercard announced Thursday (April 18) that it is bringing its…

Canadian banks risk falling behind global peers under new capital rules, RBC's McKay warns

financialpost.com Canadian regulators should rethink capital requirements imposed on the country’s largest financial institutions if banks in the United States and Europe are not forced to…

HSBC deal won't change mortgage landscape, says RBC, but industry watchers not so sure

financialpost.com Canada’s largest bank says the country’s mortgage market will not change significantly in the wake of its acquisition of HSBC Holdings Plc.’s operations here, but industry…

"Central Bank Observers Take Note": HSBC Warns "Weak Bull" Commodity Run Has Begun

zerohedge.com "Central Bank Observers Take Note": HSBC Warns "Weak Bull" Commodity Run Has Begun Commodity prices provide a real-time snapshot of the global economy through spot prices,…

Put $500 in These 3 Tech Stocks Before May

investorplace.com Technology stocks have outperformed other sectors since the turn of the year, collectively outpacing their nearest counterpart (financial services) by more than 2x. Although…

Why AMD Crashed Today?

247wallst.com Advanced Micro Devices (Nasdaq: AMD) is one of those stocks that’s always in the right place at the right time for chip demand, whether it’s gaming, blockchain or artificial…

Nvidia Pulls Back, Which Could Be A Good Thing; Is Nvidia A Buy Now?

investors.com If you hold Nvidia stock and your patience is wearing thin, you may be asking what might be the best exit strategy as the artificial intelligence chipmaker struggles to get…

Stocks to buy Wednesday like Nvidia & Tesla

cnbc.com Here are Wednesday's biggest calls on Wall Street: Barclays reiterates Tesla as equal weight Barclays lowered its price target on Tesla to $180 per share from $225, saying…

Morgan Stanley and HSBC Cut Asia-Pacific Jobs Amid Slowing Deals

tipranks.com Financial majors Morgan Stanley (NYSE:MS) and HSBC (NYSE:HSBC) (GB:HSBA) are slashing multiple investment banking jobs in the Asia-Pacific, as deal...

Morgan Stanley, HSBC to cut dozens of investment banking jobs in Asia Pacific region: sources

theglobeandmail.com Morgan Stanley MS-N and HSBC are cutting dozens of investment banking jobs in the Asia Pacific region this week, sources said, as they ramp up cost-cutting, with weaker deal…

Serious investors need China exposure, should ‘forget about the short-term pain’, asset managers say

scmp.com Right now China has a very high savings rate, and therefore the retail financial market is developing, he said during a panel discussion at the Endowus Investment Summit on…

C8 Technologies launches new systemic FX hedge platform

thetradenews.com London-based fintech C8 Technologies is set to launch an FX hedging platform which employs systemic trading models to help businesses manage their currency exposures. Named…

CLS Global Launches Edu3Labs, A Decentralized Education Platform For Everyone

coinpedia.org The post CLS Global Launches Edu3Labs, A Decentralized Education Platform For Everyone appeared first on Coinpedia Fintech News CLS Global, the leading crypto trading…

Stock Market Today: S&P 500 closes lower as Powell signals higher for longer rates By

investing.com Investing.com -- The S&P 500 closed lower Tuesday, and investors had to contend with wild swings after Federal Reserve Jerome Powell signaled the need for rates to remain…

China’s economic bright spots provide a warning

economist.com If America’s economy begins to deteriorate, people in Ningbo will be among the first to know. The eastern Chinese port, home to 9.6m residents, contains a sprawling…

Why HSBC Holdings Shares Are Falling Today

benzinga.com Amid a decline in dealmaking across the region, the company has reportedly initiated a fresh wave of job cuts at its Asia investment bank, Bloomberg reported. On Tuesday,…

HSBC upgrades AMD stock to Buy on massive AI TAM

investing.com In the wake of a recent pullback, AMD (NASDAQ: ) stock is receiving a shot in the arm from HSBC's bullish upgrade. This upgrade comes after a period of decline for AMD,…

China gets a ‘good start’ to 2024 with strong GDP growth

aol.com China’s “good start” to 2024 is already showing signs it could be running out of steam. While Beijing unveiled better-than-expected GDP growth on Tuesday, statisticians also…

JPMorgan and other big banks leading on AI ‘are really doubling down.’ Is it too late for competitors to catch up?

aol.com Good morning. During a panel session at the Fortune Brainstorm AI conference in London on Monday, experts discussed the big banks that were early adopters of AI, how to…

AMD’s stock can surge 40%, this new bull says

marketwatch.com HSBC turns bullish on AMD shares, saying there won’t just be one winner in the market for AI GPUs.

Watch Live: House Subcommittee Reveals Chinese Gov't Involvement In America's Fentanyl Crisis

zerohedge.com Watch Live: House Subcommittee Reveals Chinese Gov't Involvement In America's Fentanyl Crisis Submitted by David Asher, a senior fellow at Hudson Institute and former senior…

Tokenization at the Forefront: HSBC Bank Leads with New Digital Asset Strategy

beincrypto.com Hong Kong’s leading bank, HSBC, is set to expand its footprint in tokenization of real-world assets. This move aims to provide customers with innovative digital products. As…