Latest Banking News, Information, Updates, & Analysis

M&S’s annual profit slumps 88% as COVID crushes clothing sales

British retailer Marks & Spencer (MKS.L) on Wednesday reported an 88% slump in full-year profit, reflecting a collapse in clothing…

5 years ago

Shares of GameStop (GME.N) soared 16.3% on Tuesday after hitting their highest level since late March, and other so-called "meme"…

5 years ago

Asian shares rose on Wednesday while the U.S. dollar stood near its lowest levels this year after U.S. Federal Reserve…

5 years ago

U.S. stocks closed slightly lower on Tuesday, and each of Wall Street's main indexes failed to stray far from the…

5 years ago

Royal Dutch Shell (RDSa.L) was still evaluating plans for an idled Louisiana oil refinery, the company said on Monday, after…

5 years ago

Bitcoin jumped more than 10% during a surge in cryptocurrencies Monday, regaining some ground lost during a weekend sell-off that…

5 years ago

Wall Street bank chiefs will tout the role their institutions have played in getting the pandemic-hit U.S. economy back on…

5 years ago

London Metal Exchange plans to replace its LMEselect trading system with its owner Hong Kong Exchanges and Clearing's Orion platform,…

5 years ago

With global borrowing costs probably as low as they can go, high debt levels will start to matter more in…

5 years ago

Investment bankers' business of putting together mergers and acquisitions (M&A) has never been stronger. Neither has their fear of missing…

5 years ago