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Citizens Financial exceeded expectations for its second-quarter profit, reporting strong results due to the boost in capital markets fees. The surge in fees, up by 63%, was primarily driven by bond underwriting and loan syndication activities. This positive trend mirrors the quarterly reports of larger competitors such as Bank of America and JPMorgan Chase, indicating
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HSBC made a significant announcement on Wednesday with the appointment of Georges Elhedery as the new group CEO, starting on September 2. This decision comes after the departure of Noel Quinn, who has been leading the company for nearly five years. Elhedery, who currently serves as the chief financial officer, will take over the role
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BlackRock, a major player in the asset management industry, reported a 10% increase in profits in the second quarter. This growth was primarily driven by the strong performance of its Exchange-Traded Funds (ETFs), which saw record inflows in the first half of the year. The company achieved a milestone by reaching $10.6 trillion in assets
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The GBP/USD pair is currently showing signs of strength as it trades above the 1.2900 resistance level. A key bullish trend line is forming with support near 1.2910 on the hourly chart. The pair has successfully climbed above the 50-hour simple moving average and the 1.2900 mark. Despite a minor decline, the bulls have managed
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The world of finance is buzzing with excitement as Wall Street gears up for the arrival of a new set of cryptocurrency exchange-traded funds (ETFs) focused on Ethereum. These spot ether ETFs are poised to make their debut on the market pending approval from the U.S. Securities and Exchange Commission. Bitwise Asset Management’s Chief Investment
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Athletic Brewing Company, a leading nonalcoholic brewer, has recently secured an additional $50 million in equity financing in a round led by General Atlantic. This funding is expected to further support the company’s growth and expansion plans. In fact, Athletic CEO and founder Bill Shufelt expressed optimism that General Atlantic would make even larger investments
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The recent movement in the price of gold, as depicted by the XAU/USD chart, has been quite volatile. While there was a significant rise above the $2390 level on Friday, indicating a bullish trend, the price subsequently fell to $2360 per ounce on Monday. This sudden decline suggests that the bulls were unable to maintain
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Recently, the gold price has experienced positive traction and has climbed back closer to a two-week top. There are several influencing factors contributing to this movement. One of the key factors is the weakening US Dollar, which has been on a downward trend for the fourth consecutive day. This depreciation of the USD is attributed
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The market for initial public offerings (IPOs) in Hong Kong is expected to see significant improvement over the next five years, with the turnaround beginning in the second half of this year. George Chan, global IPO leader at EY, expressed optimism about the future of the Hong Kong IPO market, citing positive trends and a
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