State Street Corp. reported a 56% increase in second-quarter profit, driven by higher fee income from asset servicing, investment management, and stronger client activity. The custody bank benefited from rising market values, increased trading volumes, and steady demand for its financial services. Revenue also improved as institutional investors remained active despite ongoing uncertainty over interest…
The International Monetary Fund (IMF) has urged governments and central banks to maintain price stability and credible fiscal policies as the global economy faces continued uncertainty from geopolitical tensions, inflation, and rapid technological change. Speaking at the Atlantic Council, IMF Strategy Director Christian Mumssen said recent shocks—including the pandemic, conflicts, and inflation—have increased economic risks….
The European Central Bank (ECB) is widely expected to leave interest rates unchanged at its July 23 policy meeting as inflation continues to ease. However, a recent surge in oil prices driven by renewed Middle East tensions has increased expectations that the ECB could raise rates again in September. According to a Reuters survey of…
Major U.S. banks reported stronger-than-expected second-quarter 2026 earnings, driven by robust investment banking activity and higher trading revenue amid volatile financial markets. JPMorgan Chase, Goldman Sachs, Morgan Stanley, Citigroup, and Bank of America all exceeded analysts’ profit expectations as mergers, acquisitions, and major IPOs boosted advisory fees. Increased market volatility linked to artificial intelligence, Middle…