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Corporate profit forecasts hit their gloomiest level since 2009 and have more room to fall, Bank of America says
Jeenah Moon/Reuters Companies still issuing profit forecasts are the most pessimistic they've been since the financial crisis, Bank of America said Monday. The bank's three-month guid.....»»
Migrant wages sent home set to drop $142 billion in 2020: World Bank
Global remittances are set to tumble by $142 billion in 2020, the sharpest fall in recent history, the World Bank estimates, as the coronavirus crisis chokes off a cash lifeline for hard-pressed households in poorer countries......»»
Morgan Stanley profits take a hit in coronavirus pandemic
Morgan Stanley saw its first-quarter profits fall by nearly 8 percent and saw its first-quarter net income fall by 24 percent as the New York banking giant was hit hard by effects of the coronavirus crisis. The New York bank (NYSE: MS) said "our .....»»
Dominoes Start To Fall: Seattle Is First Major US City With Annual Home Price Decline Since Crisis
The nationwide housing bust is underway with the first cracks showing up in Seattle-area home prices. The price of a Sea.....»»
Spot Price Of Silver Impacted By The Fall Of Dow? Is DB Doomed?
Will the fall of Deutsche Bank spark the next financial crisis? We cover the price movements of gold, silver, platinum, palladium, the U.S. Dollar index, equities markets, and more. Is The Spot .....»»
Bank of America revenue misses forecasts, shares fall
Bank of America Corp on Tuesday reported first-quarter revenue that fell short of expectations and predicted that net interest income would rise half as fast this year, sending its shares down......»»
The Tell: Turkey halts lira free fall, but it’s not out of the woods yet
Turkey’s central bank intervened to halt the free fall of the Turkish lira on Wednesday, but it is uncertain whether it was enough to stave off a currency crisis......»»
The Tell: Turkey halts lira’s free fall — but it’s not out of the woods yet
Turkey’s central bank intervened to halt the free fall of the Turkish lira on Wednesday, but it is uncertain whether it was enough to stave off a currency crisis......»»
Wall Street futures fall as Italy, Spain worries turn investors risk averse
(Reuters) - U.S. stock index futures fell on Tuesday led by bank stocks as investors moved to low-risk assets due to a deepening political crisis in Italy and a leadership challenge in Spain......»»
Deutsche Bank Crashes After Fed "Secretly" Put US Operations On "Troubled" Watchlist
It was already a terrible week for Germany's largest bank, when the Italian turmoil sent its stock price below €10 for the first time since the bank's existential crisis in the fall of 2016.....»»
U.S. bank shares fall on Turkey contagion fears
U.S. bank shares fell for a third straight session on Monday as investor appetite for risk weakened on worries that a currency crisis in Turkey would spread to other countries......»»
The Tell: Here’s the ‘most contrarian trade’ on Wall Street — and investors can thank the Fed, Bank of America says
Remember that time when the Federal Reserve busily increase benchmark interest rates to normalize crisis-era policy?.....»»
NewsWatch: Here’s the ‘most contrarian trade’ on Wall Street — and investors can thank the Fed, Bank of America says
Remember that time when the Federal Reserve busily increase benchmark interest rates to normalize crisis-era policy?.....»»
Martha"s Vineyard Has A Cannabis Crisis: Medical, Recreational Users Could Run Out Of Access By Fall As Island"s Sole Producer Will Close Soon
Martha's Vineyard faces a cannabis crisis as its sole dispensary plans to close, threatening access for hundreds of patients and users. read more.....»»
Fast-growing Stock Yards Bank & Trust opens Warren County branch
Fast-growing Stock Yards Bank & Trust has opened its eighth Greater Cincinnati branch......»»
Another Bank Bites the Dust: Are There More to Come?
A little more than a year after the banking crisis that led to four banks collapsing or liquidating, the first ... Read more.....»»
How Have Big Bank Deposits Fared Since the Banking Crisis?
The worst banking crisis since the Great Recession in 2008 happened roughly one year ago, causing four major banks to ... Read more.....»»
US Regulators Seize Republic First Bancorp, Fulton Bank Steps In As Buyer Amid Regional Banking Woes
Regional bank crisis continues as Republic First Bancorp is seized by U.S. regulators and sold to Fulton Bank. read more.....»»
Stocks Surge In Massive Squeeze As Traders Frontrun End of Buyback Blackout Period
Stocks Surge In Massive Squeeze As Traders Frontrun End of Buyback Blackout Period After the worst week for stocks since the March 2023 bank crisis, and aft.....»»
A third of consumers see bitcoin plunging at least 70% this year even as the token hits record highs, Deutsche Bank survey says
Only 10% of surveyed consumers see bitcoin extending past $75,000, according to the new survey. Chesnot/Getty Images Nearly one-third of global consumers expect bitcoin to fall below .....»»