Silvergate Capital Corp reported a net loss of $1 billion in the fourth quarter, after reporting earlier this month that investors spooked by the collapse of crypto exchange FTX pulled out more than $8 billion in deposits in the last three months of 2022.
Money-transfer firm Wise Plc raised its full-year total income growth forecast on Tuesday, saying the UK central bank's interest rate hikes were helping boost its revenue.
EY Global expects favourable market conditions by the end of this year or early 2024 to list its consulting and a part of the tax business if a proposed split of its accounting and consultancy arms is approved, a company official said on Tuesday.
BlackRock , the world's biggest asset manager, lost around $4 billion in assets under management as a result of a political backlash against environmental, social and governance (ESG) investing in the United States, its chief executive said.
Morgan Stanley reported a smaller-than-expected 41% drop in fourth-quarter profit on Tuesday as the bank's trading business got a boost from market volatility, offsetting the hit from sluggish dealmaking.
Goldman Sachs Group Inc on Tuesday reported a bigger-than-expected 69% drop in fourth-quarter profit as it struggled with a slump in dealmaking and weakness in its wealth management business.
State Street said on Tuesday it was unaware how much leverage was tied up in liability-driven investment (LDI) funds which came under extreme stress last year after British government bond yields rocketed.
Britain's lenders are tightening eligibility criteria amid rising interest rates and a cost of living crisis, but demand for borrowing remains elevated, credit data firm Experian said on Tuesday.
