Wednesday , 17 December 2025

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Deutsche Bank joins Wall Street exodus for view of Central Park

Bloomberg Deutsche Bank AG is literally leaving Wall Street, moving its New York headquarters to midtown Manhattan as the German investment bank embarks on a broad shakeup of its US operations. The company will lease 1.1 million square feet of office space at Columbus Circle, slashing its footprint in the city by 30 percent, the head of Deutsche Bank’s Americas …

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BNP Paribas, SocGen tumble after missing rebound in trading

Bloomberg BNP Paribas SA and Societe Generale SA missed out on the trading gains that boosted earnings at some of their US and European rivals in the first quarter, sending their shares tumbling. Trading income at BNP Paribas, the largest French lender, fell 15 percent as a drop in sales from fixed-income, currencies and commodities outweighed a gain in equities, …

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BOE watchers rule out May hike

Bloomberg The Bank of England will hold off increasing interest rates next week and cut its forecasts for both growth and inflation, according to economists surveyed by Bloomberg. Just three out of the 54 banks questioned expect a rate hike at the May 10 meeting, compared with about three-quarters of those asked last month. The survey also showed economists are …

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