Andrea Orcel, chief executive officer of Unicredit, in London, UK, on Thursday, Nov. 23, 2023. Bloomberg | Bloomberg | Getty Images UniCredit CEO Andrea Orcel told CNBC Tuesday that he does not foresee a future where the Italian lender fully controls Commerzbank. Orcel’s comments came as the Italian lender’s tender offer to raise its stake…
Pedestrians walk along Wall Street outside of the New York Stock Exchange (NYSE) in New York, US, on Monday, April 6, 2026. Michael Nagle | Bloomberg | Getty Images The closure of the Strait of Hormuz has caused a worldwide economic ripple effect, hiking prices of everything from gas to pharmaceuticals and causing shortages of…
UBS generated a net profit attributable to shareholders of $3 billion for the first quarter, up 80% year-on-year and surpassing the $2.8 billion estimated by analysts, according to an LSEG-compiled consensus poll. The Swiss banking and asset management giant’s common equity tier (CET) 1 capital ratio — a gauge of a bank’s solvency — also…
Jamie Dimon, Chairman and Chief Executive Officer of JPMorgan Chase & Co., attends the ribbon-cutting ceremony opening the firm’s new headquarters at 270 Park Avenue, in New York City, U.S., Oct. 21, 2025. Eduardo Munoz | Reuters JPMorgan Chase CEO Jamie Dimon on Tuesday warned that rising government debt levels could trigger a crisis in…
Tan Su Shan, chief executive officer of DBS Group Holdings Ltd., speaking at the Singapore Fintech Festival in Singapore, on Nov. 12, 2025. Bloomberg | Bloomberg | Getty Images For DBS CEO Tan Su Shan, the biggest risk keeping her up at night is not just market volatility or geopolitical shocks, but cyberattacks. “Cyber security….
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments. 1. The stock market turned lower after Tuesday’s Morning Meeting ended. A possible culprit: a rise in oil prices ahead of the Iran war ceasefire agreement set to end Wednesday….
UniCredit has unveiled plans for a far-reaching shake-up of takeover target Commerzbank with the intention of transforming the German lender for a “new future-ready era.” Chief executive of UniCredit Andrea Orcel said in a conference call Monday that a “true combination” of UniCredit and Commerzbank would send “a clear signal”, creating a “country leader and…
New innovation in the exchange-traded fund industry could come at a cost to investors during extreme conditions. According to MFS Investment Management’s Jamie Harrison, ETFs involved in increasingly complex derivatives and less transparent markets may be in uncharted territory when it comes to violent downturns. “Those would be something that you’d want to keep an…
Bank earnings confirmed one thing this week: The Iran war may be a major geopolitical upheaval, but not a financial one. March, the final month of the first quarter, was brutal on Wall Street. The conflict started on Feb. 28, and quickly sent oil prices soaring and stocks tanking. Wells Fargo shares tumbled to a…
Countries affected by the Iran war should prepare for conflict-related disruptions to last for months, even if the current shaky ceasefire lasts and the Strait of Hormuz is reopened, World Bank President Ajay Banga said Wednesday. “It’ll still take a few months for things to come back to where they were” once the key oil-shipping…
