Global growth will likely slow this year and major central banks across the globe have indicated interest rate cuts this year.
Read More What to expect in 2024: Forecasts for GDP, inflation and other assetsTag: Citigroup
Morgan Stanley profit beats estimates as investment banking rebounds, wealth grows
Morgan Stanley’s first-quarter profit beat estimates, fueled by a resurgence in investment banking and growth in wealth management.
Read More Morgan Stanley profit beats estimates as investment banking rebounds, wealth growsWall St slips after big bank earnings
Wall Street’s main stock indexes as some big banks dipped after reporting dour quarterly results and most megacap growth stocks and chipmakers receded.
Read More Wall St slips after big bank earningsCapital One to buy Discover Financial in $35.3 billion all-stock deal
Capital One plans to acquire Discover Financial Services to create a global payments giant.
Read More Capital One to buy Discover Financial in $35.3 billion all-stock dealExclusive: Citi hit by new Fed rebuke, setbacks on consent orders
U.S. regulators have asked Citigroup for urgent changes to the way it measures default risk of its trading partners.
Read More Exclusive: Citi hit by new Fed rebuke, setbacks on consent ordersWall Street ends down as US retail sales data crimps rate cut bets
Stocks finished lower after upbeat December U.S. retail sales data eroded expectations the Federal Reserve will kick off its rate-cut campaign as early as March.
Read More Wall Street ends down as US retail sales data crimps rate cut bets