[The stream is slated to start at 2 a.m. ET. Please refresh the page if you do not see a player above at that time.] Click on the stream above to watch to CNBC's Sustainable Future Forum. Wednesday's session from Asia focuses on the industry's response. It's time to talk targets and check the promises […]
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ECB hawk and German central bank chief Jens Weidmann quits, cites personal reasons
He has been in charge of the German central bank since 2011 — at the height of the sovereign debt crisis in the euro zone. Weidmann has been one of the biggest names within the decision-making body of the ECB. He is famous for his more conservative views on policy. European Central Bank member Jens […]
Sunak to cut tax on banks to keep City competitive, say reports
Chancellor said to be planning to slash corporation tax surcharge from 8% to 3% from April 2023 Last modified on Wed 20 Oct 2021 07.03 EDT Rishi Sunak is preparing to announce a tax cut for Britain’s biggest banks at next week’s budget to maintain the competitiveness of the City of London after Brexit, according […]
Stocks making the biggest moves midday: UnitedHealth, Bank of America, Caterpillar and more
Here are the stocks making notable moves on Thursday. UnitedHealth – Shares of the health insurer popped more than 4% following a blowout earnings report. UnitedHealth posted an EPS of $4.52 in the third quarter, 11 cents above analysts' estimate, according to Refinitiv. Its revenue also came in above expectations, while the company raised its full-year […]
Market is about to see the strongest earnings season of year, history shows
Earnings may give stocks a major boost starting this week. Ally Invest's Lindsey Bell finds the third quarter is undeniably the most powerful earnings season for Wall Street. "We're starting to think about the end of the year into next year, and you start to hear corporate management teams talk about that," the firm's chief […]
Singapore's largest bank reports 37% on-year jump in second-quarter profit, beats expectations
DBS Group Holdings, the largest bank in Singapore and Southeast Asia, said its net profit for the second quarter jumped 37% from a year ago to 1.7 billion Singapore dollars ($1.26 billion). That beat an average forecast of 1.42 billion Singapore dollars, according to analyst estimates on Refinitiv. A day before DBS released second-quarter earnings, […]
Singapore files 105 new charges against founder of oil trader Hin Leong
Singapore's public prosecutor filed an additional 105 charges against Lim Oon Kuin, the founder of collapsed oil trading firm Hin Leong Trading, relating to $2.23 billion in fraudulent disbursements. Hin Leong, one of Asia's largest oil traders, was wound up in March after failing to restructure some $4 billion in debt following a crash in […]
FTC shuts down savings app Beam under tentative settlement
The FTC says it has permanently shut down mobile savings app Beam under a settlement that must be approved by a federal judge. Beam promised to pay interest as high as 7% on FDIC insured deposits with 24/7 access, but a CNBC investigation found many customers could not get their money out. The tentative settlement, […]
Credit Suisse is giving junior bankers special $20,000 bonuses, raises after Goldman analyst revolt
Credit Suisse executives told mid- and entry-level investment bankers Wednesday that they were getting special $20,000 bonuses as well as raises, according to people with knowledge of the changes. At Credit Suisse, the $20,000 bonuses were labeled "one-time, cash lifestyle allowances" and are specifically for analysts, associates and vice presidents in the bank's capital markets […]
Nonprofit tied to Amalgamated Bank looks to capture corporate donors through new fund following Capitol Hill riot
The new fund will look to take in corporate donations and use that money to help finance other nonprofit organizations. Though Anna Fink did not say which corporations the fund is going to target, a group of companies has decided to halt contributions to House and Senate lawmakers who, even after the deadly riot, challenged […]