JP Morgan Chase announced third-quarter results on Wednesday exceeded forecasts thanks to a $1.5 billion boost from lower-than-expected loan losses. Advisory fees for mergers and acquisitions nearly tripled during the time, helping to boost quarterly net revenue to $11.7 billion. JP Morgan Chase surpassed analyst estimates for the third quarter on Wednesday, due to strong …
Deputy Governor of the Bank of England Jon Cunliffe believes that a cryptocurrency market crash is “quite likely,” and that regulators around the world should seek crypto legislation “immediately.” While cryptocurrencies do not presently present a risk to the country’s financial stability, the deputy governor believes there are some “quite solid reasons” to believe this …
ASOS (ASOS.L), the UK-based online apparel company, terminated CEO Nick Beighton on Monday, citing supply chain difficulties and consumers returning to pre-pandemic behaviour as reasons for a 40 percent drop in profit in 2022. In early trading, ASOS shares dropped more than 15%. Beighton has been CEO of ASOS for 6 years, and the firm stated …
ASOS’s CEO Resigns As The Company Forecasts A Drop In Profitability. Read More »
London Stock Exchange Group (LSEG) has implemented FINBOURNE Technology’s SaaS investment platform LUSID to advance and develop data services options throughout its wealth and investment solutions industry sectors. LUSID will serve as another shoulder of the Group’s digital and cloud system, offering a modular and virtual real-time data collection for consolidating multi-asset class data throughout …
As third-quarter results from Corporate America begin to trickle in next week, investors are gearing up for another period of high profit growth in the United States. However, as the economy recovers from the coronavirus outbreak, new issues develop, such as supply-chain problems as well as inflationary pressures, which are putting pressure on Wall Street. …
