It is a daily ritual for millions of Australians, but if you have noticed the price of your morning flat white or soy latte increase, brace yourself — it is likely to get worse.
By the end of the year,...
It is a daily ritual for millions of Australians, but if you have noticed the price of your morning flat white or soy latte increase, brace yourself — it is likely to get worse.
By the end of the year,...
Russia's VTB Bank has won a court order to seize $439.5 million from JPMorgan Chase for freezing its funds after the Ukraine invasion. The order includes seizing JPMorgan's assets in Russia, including its stake in a Russian subsidiary. This move highlights tensions between Western sanctions and American banks' international operations. JPMorgan is caught in the middle and faces potential losses for complying with U.S. sanctions.
Wells Fargo outperformed Wall Street estimates for its first-quarter earnings and revenue. The decline in its net interest income was offset by an increase in non-interest income. CEO Charlie Scharf highlighted the bank's progress in diversifying its financial performance. The bank also made significant share repurchases, contributing to a year-to-date stock gain of over 15%.
