Bloomberg Wall Street dealmakers basked in the spotlight this week as the biggest US banks touted their windfalls from a surge in corporate hookups. But as Morgan Stanley finished the parade of earnings reports, some competitors smirked. The firm — one of three that dominate the world of mergers and acquisitions — had lost ground to arch rivals Goldman Sachs ...

Bloomberg The Bank of Japan (BOJ) joined the battle against global warming by offering a series of incentives for lenders to help businesses move toward a greener economy, with Governor Haruhiko Kuroda insisting there was no longer any time to waste. The BOJ said it would offer banks interest-free funds for climate-linked loans or investments and exempt more of their ...

Bloomberg Royal Bank of Canada (RBC) is formulating hybrid, flexible work arrangements for its employees and doesn’t plan any “one-size-fits-all mandates” on how much time its staff will need to be in the offices when they reopen. “We believe that flexible and hybrid work models are here to stay, and that the role of the office has forever changed,” Chief ...

Bloomberg Wells Fargo & Co.’s average loans tumbled in the second quarter as consumers and businesses, buoyed by pandemic stimulus programs, refrained from more borrowing. The average balance of the bank’s lending book dropped 12% to $854.7 billion, according to a statement. The result mirrored a similar decline at Bank of America Corp, which said earlier that loans and leases ...

Bloomberg Pain is likely to come down fast and hard for any European company that doesn’t deliver this earnings season. At least, that’s the early read from a handful of names among the ones that have reported so far. Online-only fashion retailer Asos Plc saw almost a fifth of its market value wiped out in a single day on weaker ...

Bloomberg Asia’s two biggest economies are showing some signs of getting to grips with problems that weighed on their financial markets in the first half of the year, and that may bode well for their equities. That’s the view of UBS Global Wealth Management and Aberdeen Standard Investments Ltd, which cite encouraging earnings growth in China and a pickup in ...

Bloomberg Oil declined the most this week since March as a resurgence of Covid-19 threatened the outlook for global fuel consumption in the near-term. Futures in New York edged up but settled 3.7% lower for the week. The rapidly spreading delta variant is triggering renewed restrictions on movement as it sweeps across the globe. The UK is considering stricter measures ...

Bloomberg Reliance Industries Ltd. will buy a controlling stake in local search engine and e-commerce marketplace, Just Dial Ltd, for as much as $767 million as Mukesh Ambani’s conglomerate looks to bolster its digital offerings. India’s most valuable company plans to acquire 66.95% stake in Just Dial through its arm, Reliance Retail Ventures Ltd. It will use a combination of ...

Bloomberg Delta Air Lines Inc is offering to buy back up to $1 billion of high-cost bonds issued at the height of the pandemic last year, as the company begins to look at ways to scale back its balance sheet. The tender offer is for three bonds issued between April and September 2020, according to a news release. The airline ...

Bloomberg More than 2,500 Boeing Co 737 jets in the US will have to be inspected after the company and regulators discovered a potential flaw in a pressure switch that could lead to pilots becoming incapacitated. The Federal Aviation Administration (FAA) said airlines and operators should inspect cabin pressure switches, which help ensure there’s sufficient air to breathe as planes ...