News Highlights: Top Financial Services News of the Day - Wednesday at 4 PM ET
Main Street Banking Model Is Being Squeezed
First-quarter results at regional banks show the uneven toll of higher interest rates.
Goldman Sachs and Bank of America shareholders reject proposals to separate chair and CEO roles
Votes mark victories for Goldman's David Solomon and Bank of America's Brian Moynihan.
Hannon's Take: Fed Uncertainty Claims First Central Bank Victim
Bank Indonesia unexpectedly lifted interest rates as it looks to bolster its tumbling currency. It is unlikely to be the last amid a global pivot to the U.S. delaying rate cuts.
Investors Flock to Two-Year U.S., German Bond Auctions but For Different Reasons
U.S. and German two-year government bond auctions on Tuesday received strong demand, even as investors' motivation to bid diverged as U.S. and eurozone interest-rate cut expectations are moving apart.
Lloyds Banking Keeps Outlook as Net Interest Margin Tops Hopes
Lloyds Banking maintained its full-year guidance as it reported a slightly better-than-expected net interest margin for the first quarter but weaker-than-forecast pretax profits.
HKEX's Profit Falls for Second Straight Quarter on Weak Trading, Listings
HKEX posted lower trading volume during the quarter, with headline average daily turnover sliding 22% as geopolitical tensions and macroeconomic volatility continued to weigh on market sentiment.
Bank of Canada Officials Split on How Soon Rate Cuts Could Start, Minutes Say
Senior Bank of Canada officials were divided on how soon the central bank could start cutting interest rates, although they agreed cuts should proceed gradually given the risk of inflation reaccelerating, according to a summary of deliberations leading up to its April 10 policy decision.
Grant's Take: The Travel Bug Is Keeping the U.S. Economy Strong
The U.S. economy keeps humming along, and strong travel demand is a key reason why.
Financial Services Roundup: Market Talk
Gain insight on European banks, Max Financial Services, Lloyds Banking Group and more in the latest Market Talks covering Financial Services.
Visa's stock gains after earnings, as one simple message resonates
Visa shares were moving higher in after-hours trading Tuesday, after the payments company sported an earnings beat and showed off continued growth in spending.
(END) Dow Jones Newswires
April 24, 2024 16:15 ET (20:15 GMT)
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