McKinsey Intends to Eliminate as Many as 2,000 Jobs
The consulting giant is likely to complete the changes in the coming months as it reviews support roles.
New Zealand's Central Bank Raises Rate Despite Storm Uncertainty
The Reserve Bank of New Zealand raised interest rates further despite recent signs that inflation has peaked and as the country seeks to recover from recent storm and flood damage.
Credit Suisse Chairman's Comments Scrutinized by Regulators
Swiss regulators are reviewing Axel Lehmann's comments from December that suggested customer outflows had largely stopped.
Citigroup CEO Fraser Gets $24.5 Million 2022 Paycheck, Up 9%
The chiefs at other big banks, including Goldman and Morgan Stanley, had their pay slashed.
Russia's Bear Hug Fades, but Europe Faces Rate Squeeze
The latest data suggests that Europe's economy is shrugging off the impact of last year's sky-high energy prices. Investors may turn their attention back to monetary policy.
Crypto Still Draws Investors Hoping to Strike It Rich
Digital currencies' bruising losses and big risks haven't swayed those who say other paths to wealth aren't accessible to them.
Stocks Have Rallied This Year Despite Profitability Squeeze
S&P 500 profit margins are poised to drop for the sixth quarter in a row. Many companies raised prices last year, but expect stronger resistance from consumers this year.
Church of Jesus Christ of Latter-day Saints, Investment Adviser Settle SEC Probe
Ensign Peak Advisors filed forms that obscured church's investments in $44 billion U.S. portfolio, the SEC says.
Financial Services Roundup: Market Talk
Find insights on Lloyds Banking Group's shareholder returns, HSBC, JTC PLC and more in the latest Market Talks covering Financial Services sector.
HSBC Posts Higher Profit After Rise in Global Interest Rates
The bank, Europe's largest by market value, benefited from higher rates and continued to sharpen its focus on Asia and the Middle East.
(END) Dow Jones Newswires
02-22-23 0015ET
