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...Société Générale is set to launch its own stablecoin on a cryptocurrency exchange, becoming the first big bank to offer digital tokens tracking the price of hard currencies to a wide range of investors....
...Higher revenues at its wealth management business and investment bank, as well as one-off gains, drove net profits to $1.8bn in the first three months of the year, triple the sum analysts had forecast....
...Quarterly results for the Frankfurt-listed company, in which Deutsche Bank holds an 80 per cent stake, last month showed for the first time how it included so-called advisory mandates in its overall assets...
...Microsoft has hired the co-founder of Google’s DeepMind, the Bank of Japan raised interest rates for the first time since 2007, and leading European and UK artificial intelligence start-ups have been lobbied...
...survey of banks and building societies....
...At the Senate trial for Trump’s first impeachment in 2019, McConnell banned any witnesses, which made a mockery of the entire process....
...Net profit for the first quarter also beat expectations at $287mn, ahead of the median forecast of $266mn....
...He then appeared to freeze in two separate incidents speaking to reporters in the halls of Congress and in his home state of Kentucky....
...FY, SAP Q1, Ten Lifestyle Group HY, Verizon Communications Q1 Tuesday Bank of England chief economist Huw Pill speaks at the London campus of the University of Chicago, Booth School of Business EU, France...
...The largest US banks lent billions of dollars less in the first quarter, in a sign that corporate borrowers are paying down debt as interest rates hover at historically high levels....
...$) — Maine voters reject first statewide public power company (Grist) — Are real wages rising?...
...Lending by US banks dropped by $36bn in the first three months of the year compared to the end of 2023, the biggest quarterly drop in more than three years....
...Kentucky Congressman Thomas Massie on Tuesday said he would join Georgia Congresswoman Marjorie Taylor Greene, another firebrand Republican and Donald Trump ally, in pushing forward a “motion to vacate”...
...The number of UK first-time buyers getting on the housing ladder is on track to hit a 10-year low as higher mortgage rates make purchasers more reliant on the so-called Bank of Mum and Dad....
...The outlook is less rosy for Europe’s crop of investment banks....
...Republicans are hoping to regain control of the Virginia state legislature, while Democrat Andy Beshear is up for re-election in a close race for the Kentucky governorship....
...Citigroup plans to announce on Monday the first big round of lay-offs in a sweeping restructuring — the bank’s biggest revamp in nearly two decades — that will eventually result in thousands of positions...
...Milan-based UniCredit has increased its net income guidance for 2024 to more than €8.5bn as the lender beat earnings forecasts for the first three months of the year....
...The divestment campaign foundered in Kentucky, where pension officials said moving billions of dollars out of BlackRock and other firms that use ESG factors would violate their fiduciary duty to maximise...
...Workers at a Wells Fargo bank branch in Albuquerque on Wednesday voted to form a union, making them the first employees of a major US bank to unionise in the latest sign of the resurgence of the labour movement...
...microbiology, immunology and molecular genetics at the University of Kentucky....
...Corporate earnings for the first three months of the year have been relatively strong, with big blockbuster reports from the likes of technology giant Apple....
...Voters in conservative states like Kentucky and Kansas overwhelmingly supported abortion rights in referendums, which damaged Republicans at the ballot box....
...from seafood and vegetables and towards Kentucky Fried Chicken and Spam....
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