Bank of America tops estimates on better-than-expected investment banking, interest income
The company said fourth-quarter profit more than doubled to $6.67 billion, or 82 cents per share, from a year earlier.
The company said fourth-quarter profit more than doubled to $6.67 billion, or 82 cents per share, from a year earlier.
The bank’s massive wealth management business will be helped by high stock market values in the fourth quarter, which inflates the management fees it collects.
US bank will spend almost as much to renovate Citi Tower skyscraper as it paid for site initially The US bank Citigroup is to spend £1bn to renovate its skyscraper in Canary Wharf, London, the latest firm to signal its commitment to office working. The Wall Street lender will end up spending nearly as much…
Eron Kiiza, who was representing regime opponent Dr Kizza Besigye, was assaulted and sentenced to nine months’ jail, say colleagues A human rights lawyer involved in a case featuring a prominent Ugandan opposition leader has been tortured after he was arrested and detained without trial, according to colleagues who have visited him. Eron Kiiza was…
Oil company to lose 5% of its staff in bid to cut costs amid shareholder worries over green energy strategy BP is to cut thousands of jobs from its global workforce, amounting to 5% of its staff, in an effort to save billions in costs to appease its worried shareholders. The oil company reportedly told…
The job losses at the oil giant will affect more than 5% of its global workforce.
The agreement, which would include the release of hostages, was met with cautious optimism after 15 months of war. But Israel’s cabinet needs to ratify the deal, and the prime minister’s office said there were some last-minute disputes with Hamas.
It is the prime minister’s first visit to Ukraine since taking office six months ago.
While air raid sirens during visits by foreign leaders have sounded before, it is rare for air defenses to actually have to fight off attacking drones.
Prime Minister Keir Starmer signaled continued solidarity, with further U.S. support in question under a second Trump administration.