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Barclays shares up 4% as bank swings back to profit in first quarter amid strategic overhaul
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Standard Chartered posted a rise in first-quarter net profit due to higher trading income, despite lower earnings from the bank's lending business.
Standard Chartered posted a rise in first-quarter net profit due to higher trading income, despite lower earnings from the bank’s lending business.The Wall Street Journal - World -
Societe Generale chief defends controls after Hong Kong trader’s unauthorized bets
The French banks both outstripped analysts’ expectations, causing their share prices to surgeMarketWatch - Business - Hong Kong -
Societe Generale Shares Climb on Above-Forecast First Quarter
Societe Generale’s results were better than expected at the revenue and underlying profit levels and showed early recovery signs in French retail banking, analysts said.The Wall Street Journal - World -
Societe Generale Shares Climb on Above-Forecast First Quarter
Societe Generale’s results were better than expected at the revenue and underlying profit levels and showed early recovery signs in French retail banking, analysts said.The Wall Street Journal - Business -
Weaker-Than-Expected Payrolls Push Down Dollar
The dollar fell in a week when the Fed was perceived as not too hawkish—after Chair Powell kept a rate hike off the table— and payrolls surprised to the downside, for a change.The Wall Street Journal - World -
Republican National Committee lawyer Charlie Spies to step down amid tumultuous RNC overhaul
Republican National Committee chief counsel Charlie Spies is parting ways with the party apparatus just months after stepping into the role.NBC News - Politics -
Private equity firms step up plans to edge banks out of low-risk lending
Apollo issues record $40bn of loans in the first quarter, mirroring growth at rivals including KKR and BlackstoneFinancial Times - Business -
SocGen defends risk controls after unauthorised trading incident
French bank reports smaller than expected drop in profit after strong performance in equities tradingFinancial Times - Business -
China’s Xi Visits Europe, Seeking Strategic Opportunity
The Chinese leader has carefully chosen three countries — France, Serbia and Hungary — that to varying degrees embrace Beijing’s push for a new global order.The New York Times - Top stories - China -
Wegovy maker Novo Nordisk extends losses following first-quarter results
Analysts pored over the details in its first-quarter results and monitored a potential rival weight loss treatment.CNBC - Business
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These 10 colleges may be as good as the Ivy League, according to Forbes
Ivy League institutions are incredibly difficult to get into. But these colleges may offer students a better shot at admission and just as good an education.CNBC - Business