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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 -
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 -
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 -
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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U.S. job growth totaled 175,000 in April, much less than expected, while unemployment rose to 3.9%
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