Bussiness

Succession 101: Money lessons from TV’s dysfunctional empire

Posted by March 20, 2023

NEW YORK, March 20 (Reuters) - There are a lot of guilty pleasures out there, but here is one common to plenty of movers and shakers on Wall Street: Watching

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Buffett’s Berkshire has record annual operating profit despite inflation, rate…

Posted by February 25, 2023

Feb 25 (Reuters) - Warren Buffett's Berkshire Hathaway Inc (BRKa.N) on Saturday reported its highest-ever annual operating profit, even as foreign currency loss

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Biden nominates former MasterCard chief Banga to head World Bank

Posted by February 23, 2023

WASHINGTON, Feb 23 (Reuters) - U.S. President Joe Biden on Thursday nominated Indian-American business executive Ajay Banga to become president of the World Ban

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Celsius’ business model different from that advertised -U.S. bankruptcy examiner

Posted by January 31, 2023

SINGAPORE, Jan 31 (Reuters) - The business model that crypto firm Celsius Network had advertised and sold to its customers was not the business it actually oper

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Israel Discount Bank ordered to divest credit card business

Posted by January 19, 2023

JERUSALEM, Jan 19 (Reuters) - Israel Discount Bank (DSCT.TA) will have to sell its credit card business CAL under draft rules aimed at boosting competition in t

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Chinese companies set for biggest earnings growth in 5 years…

Posted by January 19, 2023

Jan 19 (Reuters) - Chinese companies are expected to report their highest earnings growth in five years, Refinitiv data shows, as economic reopening after COVID

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Wells Fargo to shrink mortgage business, exit correspondent lending

Posted by January 10, 2023

Jan 10 (Reuters) - Wells Fargo & Co (WFC.N) will slim down its home lending business by reducing its mortgage servicing portfolio and exiting the correspond

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Wells Fargo cuts hundreds of jobs in mortgage business –…

Posted by December 1, 2022

Dec 1 (Reuters) - Wells Fargo & Co (WFC.N) has cut hundreds of jobs in its mortgage business across the country, Bloomberg News reported on Thursday citing

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As recession looms, British business sends out lending SOS

Posted by November 17, 2022

Credit more costly, on tighter terms as banks weigh risksSome business owners using own money to bridge gapsFunding crunch may deliver new economic blow to Brit

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Robinhood, Coinbase find sanctuary in interest income amid market rout

Posted by November 2, 2022

Nov 1 (Reuters) - For U.S. online trading companies an often-overlooked financial metric could act as a bulwark against softening demand in the third quarter, a

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