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Citi shares drop as CEO Fraser plans deeper job cuts this year

The bank’s headcount fell by 5,000 in the past three months to 219,000
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DBS targets S$1 trillion in AUM by 2030 as it steps up AI, hiring push

The bank plans to hire 600 more front-line advisers and platform engineers by end-2028
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Wells Fargo beats profit on trading boom, loan growth 

The bank is expanding its credit card and auto businesses
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Citi shares fall as investor worry over expenses overshadows second-quarter profit beat

Revenue was US$24.8 billion, up 14% from a year earlier
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Top Fed officials embrace cooler inflation reading, clamour for more

Fed Chairman Warsh said there was “plenty of work to do”
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Dollar dips ahead of US inflation data, supported by rate outlook

Investors are pricing in a higher chance of global interest rates rising this year
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Featured

US dollar dips ahead of inflation data, supported by rate outlook

Investors are pricing in a higher chance of global interest rates rising this year
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US dollar hovers near 13-month highs ahead of inflation data

Investors are pricing in a higher chance of global interest rates rising this year
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New Zealand’s central bank warns inflation could become persistent

It expects annual inflation to peak at 3.9% in the June 2026 quarter
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US dollar wavers amid renewed Iran attacks, yen slides on pensions doubts

The US dollar slipped on Monday (Jul 13) after giving up earlier gains as investors focused on renewed hostilities in the...
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