 | | | | Investors piled into stocks and ditched cash, gold and bonds, especially safe haven ones, in the week to Wednesday, BofA said in its weekly flow tracking note published on Friday. | | | | | | Citigroup Inc on Friday posted a 26% drop in fourth-quarter profit but exceeded market expectations as strong gains in its investment banking business cushioned the blow from higher expenses. | | | | | | Wells Fargo & Co on Friday beat analysts' estimates for fourth-quarter profit as a rebound in U.S. economic growth encouraged more customers to take loans and the bank kept a tight lid on costs. | | | | | | JPMorgan Chase & Co reported a 14% fall in fourth-quarter profit on Friday due to a slowdown in its trading arm, but a stellar performance at its investment banking unit helped the lender sail past analysts' estimates. | | | | | | BlackRock Inc's fourth-quarter profit beat analyst estimates on Friday, as the world's largest money manager's fee income rose with assets under management scaling a new peak of $10 trillion. | | | | | | The co-head of HSBC's investment bank Georges Elhedery will take a 6-month sabbatical from the bank starting in March, according to an internal memo seen by Reuters on Friday. | | | | | | A boardroom battle at Generali has escalated after the No.2 investor in Italy's biggest insurer resigned from the board in a challenge to the reappointment of CEO Philippe Donnet. | | | | | | Venture capital dealmaking in the United States reached an all-time high in 2021 at nearly $330 billion, buoyed by excess liquidity and an accommodative monetary policy, according to a report from PitchBook and the National Venture Capital Association. | | | | | | About 99% of Citigroup Inc's staff in the United States have complied with the company's COVID-19 vaccine requirements, the bank's Head of Human Resources Sara Wechter said in a LinkedIn post on Thursday. | | | | | | Former U.S. Federal Reserve governor Sarah Bloom Raskin, who will be nominated to run the Fed's regulation file, according to a source with knowledge of the matter, will have a long to-do list. Here are some of the key issues on the Fed's regulation agenda. | | | | | |
