More US banks report slump in profits | Company | 07/19/2022

The US financial group Goldman Sachs suffered a slump in investment banking profits in the second quarter of 2022. Earnings fell by 41 percent compared to the previous year. This is reported by various media, including the “Handelsblatt”. Goldman Sachs also announced on Monday that the stock issuance business had collapsed by as much as […]

Citigroup negotiates the possible sale of its operations in Russia due to the war

The US bank Citigroup is currently in talks with several local buyers about a possible sale of its operations in Russia in the wake of the war between that country and Ukraine, the Financial Times (FT) reports on Friday. The North American group negotiates with Russian privately owned companies such as Expobank and the insurer […]

US Supreme Court overturns liberal abortion law

New York, Washington On the day that the US Supreme Court overturned the nationwide right to abortion, the division of the nation is also visible in front of the Supreme Court: the extensive staircase of the courthouse with marble columns and a triangular gable, on which tourists otherwise take a breather, is also visible cordoned […]

Does Powell want to surprise the markets?

Jerome Powell Will the Fed chair surprise markets today? (Photo: AP) Frankfurt Will the US Federal Reserve try to surprise markets on Wednesday? This question is currently being hotly debated among investors and economists. Until recently, it was considered agreed that on Wednesday evening at 8 p.m. European time, as in May, it would announce […]

Economists: Oil will soon descend from its peaks

Oil will be significantly more expensive this year and next than originally expected, but will fall from the current high values. Citigroup analysts said this in their updated outlook. Citigroup analysts have raised their estimate for the average price of North Sea Brent oil for next year by $ 16 to $ 75 a barrel. […]

Judge stops sale of Citibanamex due to debt to Oceanography – El Financiero

A judge from Mexico City stopped the sale of Citibanamex until a lawsuit against the company is resolved Oceanography who claims a debt for 5 thousand 200 million dollars. “The Precautionary Measures requested by the plaintiff (Oceanography) are decreed outright, for which purpose, by means of personal notification made to the defendant Banco Nacional de […]

Wall Street closes in positive territory – New records for S&P 500 and Nasdaq

Frankfurt The record run on the US stock exchanges continued with small steps on Tuesday. However, the Dow Jones Industrial is still lagging behind. His early gains also fizzled out and so he ended the day almost unchanged with plus 0.03 percent to 34,292 points. The market-wide S&P 500 also closed with plus 0.03 percent […]