Republican presidential nominee former President Donald Trump, left, listens as investor Scott Bessent speaks on the economy in Asheville, N.C., Wednesday, Aug. 14, 2024. Matt Kelley | AP President Donald Trump has made Treasury Secretary Scott Bessent the acting director of the Consumer Financial Protection Bureau after firing former head Rohit Chopra over the weekend….
A “mild recession” is on the cards, according to Commerzbank CEO Manfred Knof. Picture Alliance | Picture Alliance | Getty Images Commerzbank on Friday unexpectedly released quarterly results, touting “record” annual profit and announcing a new share buyback scheme. The bank said it achieved a 20% increase in net profit to 2.68 billion euros ($2.78…
Deutsche Bank offices in the City of London on July 2, 2024, in London, U.K. Mike Kemp | In Pictures | Getty Images 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. Net profit attributable to…
Trump Media and Technology Group is expanding into financial services, including investment vehicles, the firm announced Wednesday. Shares of the Truth Social parent company, which trade under the ticker DJT, jumped more than 10% in morning trading. President Donald Trump indirectly owns 114,750,000 shares of the company, held in a revocable trust. The financial services…
Elon Musk’s social media platform X on Tuesday announced the launch of a digital wallet and peer-to-peer payments services provided by Visa. X struck a deal with Visa, the largest U.S. credit card network, to be the first partner for what it is calling the X Money Account, CEO Linda Yaccarino announced in a post on…
The logo of a Mediobanca Premier bank branch in Brescia, Italy, on Friday, Jan. 24, 2025. Bloomberg | Bloomberg | Getty Images Shareholders of Italian lender Mediobanca on Tuesday rejected a 13-billion-euro takeover offer from smaller domestic peer Monte dei Paschi, amid a ramp-up in consolidation bids in the Italian banking sector. “The Offer is…
Photographer | Collection | Getty Images Italy’s bailed-out Monte dei Paschi di Siena on Friday launched a 13.3 billion euro ($13.95 billion) all-share takeover offer for larger domestic peer Mediobanca. Offering 23 of its shares for 10 of its acquisition target, Monte dei Paschi values Mediobanca’s stock at roughly €15.992 each, a 5% premium to…
President Donald Trump on Thursday accused the CEOs of the two largest American banks of refusing to serve conservatives, reviving a 2024 campaign talking point that the two companies deny. Speaking via video to an assembly held at the World Economic Forum in Davos, Trump lashed out at Bank of America CEO Brian Moynihan and…
JPMorgan Chase CEO Jamie Dimon said Wednesday that the looming tariffs that President Donald Trump is expected to slap on U.S. trading partners could be viewed positively. Despite fears that the duties could spark a global trade war and reignite inflation domestically, the head of the largest U.S. bank by assets said they could protect…
Tyra Banks is one of the most iconic supermodels of all time. Hailing from Inglewood, California, Banks, 51, has made a name for herself and strutted her stuff down the catwalk for some of the biggest brands and designers around. The American star is not only a supermodel, but also a successful TV host, businesswoman…
