Posted inBanking and Financial Institutions JPMorgan Chase & Company London Stock Exchange Stocks and Bonds Banks Hit With Service Glitches Trading and some financial transactions were delayed around the world. Posted by By Michael J. de la Merced
Posted inBanking and Financial Institutions European Central Bank Eurozone Inflation (Economics) Interest Rates Lagarde, Christine E.C.B. Leaves Rates Unchanged but Keeps Door Open for September The central bank left its key deposit rate at 3.75 percent as inflation in the eurozone is expected to fluctuate throughout the rest of the year. Posted by By Eshe Nelson
Posted inBanking and Financial Institutions Federal Reserve System Inflation (Economics) Interest Rates Powell, Jerome H United States Economy Fed’s Powell Welcomes Cooler Inflation but Steers Clear of Rate Cut Timing Jerome H. Powell, the chair of the Federal Reserve, avoided signaling when the Fed would cut rates at a time when some economists are wondering why officials would wait. Posted by By Jeanna Smialek
Posted inBanking and Financial Institutions Company Reports Goldman Sachs Group Inc Mergers, Acquisitions and Divestitures Goldman Sachs’s Revamp Takes Shape With Another Profit Haul The Wall Street investment bank earned $3 billion in the second quarter, more than double the tally from a year earlier. Posted by By Rob Copeland