Interest
Vietnam central bank delays gold auction due to lack of interest
VIETNAM’S central bank said on Monday (Apr 22) it would cancel its first gold auction in 11 years due to a lack of interest from buyers, and said the...
Federal Reserve will cut interest rates at some point, but no hurry, says Mester
CLEVELAND Federal Reserve Bank Loretta Mester on Wednesday said that she expects price pressures to ease further this year, allowing the Fed to reduce borrowing costs, but “we want...
Bank of America profit falls on lower customer interest payments
BANK of America’s (BofA) first-quarter profit fell as its consumer division weakened and the lender wrote off more loans, particularly for credit cards.BofA is among the large lenders, including...
Private credit interest may turn out to be a tailwind for Tikehau Capital
SEVEN years after its listing on the Euronext Paris in 2017, Tikehau Capital may finally be finding its moment.The investment group, founded by former bankers Antoine Flamarion and Mathieu...
Absolutely no urgency to cut US interest rates: Federal Reserve’s Daly
SAN Francisco Federal Reserve President Mary Daly said on Friday there is still “a lot of work to do” to make sure inflation is on track to the Fed’s...
Wells Fargo profit shrinks more than 7% on lower interest income
WELLS Fargo’s profit fell more than 7 per cent as it earned less from customer interest payments in the first quarter, sending its shares down 3 per cent in...
JPMorgan’s profit rises on interest income strength
JPMORGAN Chase on Friday (Apr 12) forecast full-year income from interest payments below analysts’ expectations as the industry prepares for widely expected rate cuts by the US Federal Reserve...
JPMorgan profit beats estimates even as interest income misses predictions
JPMORGAN Chase’s profit beat estimates in the first quarter, but shares dropped after the bank’s forecast for income from interest payments fell short of analysts’ expectations.
High borrowing costs have...
