 | | | | Citigroup Inc posted a smaller-than-expected 27% drop in quarterly profit on Friday as the third-largest U.S. bank's trading desk cashed in on increased market volatility, cushioning a slump in investment banking. | | | | | | Poland's central bank will raise the cost of credit at its next rate-setting meeting in September, Monetary Policy Council (MPC) member Ludwik Kotecki was quoted as saying on Friday, as he warned the country was heading for "textbook stagflation". | | | | | | Wells Fargo & Co on Friday reported a second-quarter profit that nearly halved as the bank set aside more funds to cover potential loan losses, while its mortgage lending business came under pressure from higher interest rates. | | | | | | BlackRock Inc reported a bigger fall in quarterly profit than expected on Friday as the turmoil in global markets shrank the world's largest asset manager's fee income and retail investors redeemed their savings. | | | | | | Shares in Saipem on Friday tumbled below the issue price for new stock in a hyper-dilutive cash call that fell short of the 2 billion euro ($2.01 billion) target the Italian energy services firm sought from investors to shore up its finances. | | | | | | British challenger lender Metro Bank said on Friday it has appointed former Standard Chartered executive James Hopkinson as chief financial officer, as the bank works on a turnaround plan towards profitability. | | | | | | France's Livret A bank savings rate - held by millions of customers across the country - will be raised from 1% to 2% in August, the second increase of the year amidst soaring inflation, French Finance minister Bruno Le Maire said Friday. | | | | | | Swedish bank Handelsbanken reported its second-quarter profit well below forecasts on Friday, after a downturn in capital markets triggered a loss on hedging instruments. | | | | | | Non-fungible token (NFT) marketplace OpenSea has cut 20% of its workforce to reduce costs in the face of a prolonged slump in digital asset markets, the New York-based company said on Thursday. | | | | | | Celsius Network listed a $1.19 billion deficit on its balance sheet in a bankruptcy court filingon Thursday, a day after the cryptocurrency lender filed for Chapter 11. | | | | | |
