Tag: Wells Fargo
Major bank fires top managers for communication violations
Goldman Sachs The managers were fired for violating communications company policies. (Photo: Reuters) Frankfurt The US investment bank Goldman Sachs has separated from several executives due to violations of company…
Adobe introduces payment model for AI program Firefly
Dusseldorf, San Francisco From November, the software provider Adobe will charge a fee for images generated using its artificial intelligence (AI). The company is introducing so-called “generative credits” for its…
US-Krankenversicherung senkt Pharmapreise um 50 Prozent – Boehringer klagt
Frankfurt Pläne zu drastischen Preissenkungen bei Medikamenten in den USA rütteln die Pharmabranche auf. Die US-Regierung will hohe Rabatte auf häufig verschriebene Produkte bei der staatlichen Krankenversicherung Medicare durchsetzen und…
Fitch erwägt Herabstufung von US-Großbanken
Händler in den USA Ein schlechteres Kreditrating führt üblicherweise zu schlechteren Konditionen am Anleihemarkt. (Foto: AP) Düsseldorf Ein mögliches Downgrading durch die Ratingagentur Fitch sorgt erneut für Verunsicherung an den Märkten.…
Das teure Rennen der Banken um die besten KI-Systeme
New York Der Roll-out bei Morgan Stanley hat begonnen. Schrittweise bekommen die rund 16.000 Vermögensverwalter der US-Bank in diesen Tagen Zugang zum firmeninternen Chat-Programm GPT-4. Das ist das neuste Sprachmodell…
The most popular tech index is being rebuilt – What that means
Nasdaq Stock Exchange in New York The technology exchange will rebalance its index on July 24th. (Photo: Microsoft news) Dusseldorf Fantasies about the application of artificial intelligence are currently the…
What this means for stocks and ETFs
Nasdaq Stock Exchange in New York The technology exchange will rebalance its index on July 24th. (Photo: Microsoft news) Dusseldorf Fantasies about the application of artificial intelligence are currently the…
Goldman earnings halved as investment banking doldrums and writedowns
Goldman Sachs The money house showed a profit of 1.07 billion dollars for the months of April to June. (Photo: Reuters) new York Goldman Sachs’ quarterly profit fell sharply due…
Dax currently: Dax closes in the black
Dusseldorf Although summertime provides few trading impulses, the Dax remains above the 16,000 point mark. On Tuesday, it closed with a plus of almost 0.4 percent at 16,125 points. Although…
Dax stays at over 16,000 points
Dusseldorf Although summertime provides few trading impulses, the Dax remains above the 16,000 point mark. In the early Tuesday afternoon it was listed at 16,079 points. That’s hardly a change…
Dax starts unchanged – uptrend in danger
Dusseldorf Although summertime provides few trading impulses, the Dax remains above the 16,000 point mark. On Tuesday, a good hour after the stock market opened, it was at 16,079 points.…
US banks push Wall Street into positive territory – Nasdaq and S&P 500 mark new highs for the year
new York Earnings jumps at major banks JPMorgan and Wells Fargo have lifted sentiment among US equity investors. However, the institutes’ cautious outlook dampened their buying mood again. The US…
US banks are benefiting massively from higher interest rates and are preparing for more difficult times
new York The Wall Street institutes are entering the second half of the year stronger. America’s largest bank, JP Morgan Chase, reported record earnings on Friday, buoyed by the Federal…
JPMorgan boosts profits after First Republic acquisition – Wells Fargo benefits from higher interest rates
JPMorgan Chase & Co in New York new York The largest US bank, JP Morgan, also benefited greatly in the second quarter from the sharp rise in interest rates and…
Dax currently: Dax defends the 16,000 point mark
Dusseldorf The Dax defended the 16,000 point mark on Thursday and was slightly up at 16,124 points in the afternoon. On Wednesday, the Dax closed with gains of 1.5 percent.…
Dax currently: Dax defends the 16,000 point mark
Dusseldorf The Dax defended the 16,000 point mark on Thursday: In the first hour of trading, the leading German index was almost unchanged from the previous day at 16,021 points.…
Investors expect an end to rising interest rates – Wall Street in the black
new York On Wall Street, investors are beginning to see the end of rate hikes nearing. That supported demand for shares on Tuesday. The Dow Jones index of standard values…
Markets Insight
Financial editor Anke Rezmer In Europe, strategists fear new weak economic data. (Photo: Getty Images) Frankfurt After a weak week, especially for European stocks, investors are now looking tensely to…
This Indian bank is now the fourth largest in the world
Bangkok A new banking giant is emerging in India that is betting on the rapid rise of the middle class with ambitious growth plans. The subcontinent’s largest private financial institution,…
This Indian bank is now the fourth largest in the world
Bangkok A new banking giant is emerging in India that is betting on the rapid rise of the middle class with ambitious growth plans. The subcontinent’s largest private financial institution,…