UBS Beats Forecasts as Integration-Related Costs Fall

UBS returned to profit in the first quarter with the integration of Credit Suisse less of a drag on its performance than analysts anticipated, as the group continued to attract funds from wealthy clients. 


 
UniCredit Upbeat on Outlook After Strong First Quarter

UniCredit improved its 2024 guidance as it reported better than expected profits for the first quarter on higher revenue and net interest income. 


 
RBA Keeps Rates on Hold, Repeats Nothing Ruled In or Out

The Reserve Bank of Australia left interest rates unchanged, and stuck with the message that it isn't ruling anything out as it seeks to bring inflation under control. 


 
The Private-Equity Deal That Flattened a Hospital Chain and Its Landlord

Cerberus made a big profit, but Steward went bankrupt and its landlord suffered big losses. 


 
Financial Services Roundup: Market Talk

ANZ, ASX and more in the latest Market Talks covering Financial Services. 


 
ANZ's Profit Falls, Announces Share Buyback

The Australian lender reported a 4% fall in interim profit, but boosted its dividend by almost 2.5% and announced a share buyback as its capital position remained strong. 


 
SEC Prepares to Sue Robinhood Over Crypto Unit

The agency could seek an order that would prevent the popular brokerage firm from trading certain crypto assets. 


 
Rocket Cos. Taps Former Thomson Reuters Exec to Lead Companywide AI Efforts

Shawn Malhotra will step into a newly created CTO role overseeing AI and tech across Rocket's portfolio, CEO Varun Krishna said. 


 
Regulator Explores Naming Companies Tied to Auditing Deficiencies Amid Investor Pushback

Shareholders have long called for such disclosure in inspection reports, in part a bid to learn which specific audits had problems. 


 
'Green Shoots' Grow Out of Control on Wall Street

Bankers' favorite metaphor is sprouting all over as optimists see signs that dealmaking is coming back to life.


(END) Dow Jones Newswires

05-07-24 1115ET