ABU DHABI / WAM The UAE Cyber Security Council (CSC) has warned of the serious ...
Read More »Citigroup, Wells Fargo profits decline as margins squeeze
Bloomberg Citigroup Inc and Wells Fargo & Co reported second-quarter profit dropped from a year earlier as persistently low interest rates continued to squeeze lending margins. Citigroup reduced its forecast for net interest margin, the difference between what a bank charges for loans and pays depositors, while Wells Fargo said the UK’s vote to leave the European Union will ...
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