Bank of America profit drops as provisions rise, but beats estimates on investment banking surge

Bank of America reported a drop in first-quarter profit as the lender set aside more money to cover souring loans, but still beat estimates on surging investment banking fees. A resilient U.S. Read More

US banks' profit picture less clear with cloudy rates trajectory

The uncertain trajectory of interest rates is making it hard for U.S. banks to forecast profits and leading some to adopt a cautious stance for the remainder of the year. Read More

Bank of America profit falls on lower customer interest payments

Bank of America's first-quarter profit fell as its consumer division weakened and the lender wrote off more loans, particularly for credit cards. BofA is among the large lenders, including rival ... Read More

S&P Global Downgrades Outlooks on Five Regional US Banks to 'Negative'

not the banks themselves, in paragraphs 1 and 2) (Reuters) - Ratings agency S&P Global on Tuesday downgraded its outlooks for five regional U.S. banks to due to their commercial real estate (CRE ... Read More

FedEx Soars on Profit Beat, Improved Margins in Its Express Unit

(Reuters) -FedEx shares surged on Friday after the parcel giant beat estimates for quarterly ... trade at 12.72 times forward profit estimates, below rival UPS's 18.01 multiple. Read More

US CFTC Hits U.S. Bank, Oppenheimer With Fines Over Record Keeping Failures

(Reuters) -U.S. Bank NA and Oppenheimer & Co have agreed to pay fines to settle charges from the U.S. Commodity Futures Trading Commision over use of unapproved communications channels, the ... Read More

Fevertree's annual profit meets estimates on strong US performance

opens new tab posted an annual profit in line with estimates, buoyed by a robust performance of its U.S. market and increased regional production to offset inflationary pressures due to elevated ... Read More

US bank regulator eyes scrutiny of asset manager stakes in banks

The effort to more closely police asset managers with sizeable bank ... Reuters Washington bureau, with a specific focus on banking regulators. Has covered economic and financial policy in the U.S ... Read More

Swiss bank UBS targets US deals, says chairman

ZURICH, March 17 (Reuters) - Swiss banking giant UBS (UBSG.S), opens ... of the Swiss economy and has prompted the country to review its regulation of systemically important banks. Read More

US banks face loss risk from multi-family property loan exposure, says Fitch

WASHINGTON, March 27 (Reuters) - U.S. banks with significant lending exposure to some multi-family properties and particularly rent-controlled housing are vulnerable to posting losses this year on ... Read More

Fevertree's annual profit meets estimates on strong US performance

Separately, Irn-Bru maker A.G. Barr's reported profit before tax of 51.3 million pounds for the year ended Jan. 28, beating analyst expectations of 48.84 million pounds, on price hikes and strong ... Read More

S&P Global downgrades outlooks on five regional US banks to 'negative'

March 26 (Reuters ... S&P downgraded the outlooks for the banks, not the banks themselves, in paragraphs 1 and 2) Ratings agency S&P Global on Tuesday downgraded its outlooks for five regional ... Read More