News

Under pressure to improve Citigroup's performance, the bank will announce layoffs starting Wednesday, CNBC has learned.

UBS Group CEO Sergio Ermotti says the "incredible" market demand for the bank's recent issuance of AT1 bonds is a "signal to the Swiss banking system."

The size of unfinished, pre-sold homes in China is about 20 times the size of developer Country Garden as of the end of 2022, Nomura analysts said.

China on Wednesday reported better-than-expected retail sales and industrial data for October, while the real estate drag worsened. 

The PGA Tour is in talks with Saudi Arabia's Public Investment Fund to complete a framework aagreement they reached earlier this year.

The consumer price index continued a steady decline in October on the back of lower gasoline prices.

Former St. Louis Fed President Jim Bullard says the Federal Reserve still has "a ways to go" in fighting inflation and that there is still a risk that prices pick up once again.

UBS expects the U.S. Federal Reserve to cut interest rates by 275 basis points in 2024, almost four times the market consensus.

GoCardless CEO Hiroki Takeuchi said that his firm was "very open minded" about the prospect of mergers and acquisitions.

Roundhill Investments' new ETF is built on stocks that have been around for 50 years or more.

Ripple CEO Brad Garlinghouse said he hopes the U.S. will move beyond crypto regulation by litigation to a point where federal laws are introduced by Congress.

Tighter policy is helping bring down inflation but not to where policymakers should feel too comfortable, the San Francisco Fed president said.