State Street Profit Jumps 56% on Strong Asset Servicing Fees
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…
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IMF Urges Governments to Prioritize Price Stability Amid Global Risks
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…
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ECB Expected to Hold Rates as Oil Prices Cloud Outlook
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,…
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Wall Street Banks Beat Q2 Profit Forecasts on Trading Boom
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…