Saabira Chaudhuri, The Wall Street Journal

saabira_chaudhuri_the_wall_street_journal

Bank of America and Citigroup both disappointed investors, giving weak outlooks for trading revenue.

Bank of America's chief executive, Brian Moynihan, said at an industry conference on Tuesday that fourth-quarter trading revenue would be lower than both year-ago levels and the third quarter's.

BAML and Citi give weak outlooks for trading revenue

Banks’ shares drop after chief executives warn figures will come in down year-on-year in the fourth quarter

Citigroup

Bank of America

JP Morgan Chase

Morgan Stanley

Goldman Sachs

FN’s busy summer of awards: Here’s how to stay in the loop

Wanted: Female leaders in European finance

Barclays poaches Citi managing director for wealth private credit push

https://images.fnlondon.com/im-30083951?size=1.21

Dale Walsh will accelerate growth of the private bank and wealth management’s lending business

Northern Trust taps UN pension fund for head of international role

https://images.fnlondon.com/im-84247389?size=0.8

Pedro Guazo, who joins in August, will also oversee the $1.3tn asset manager’s responsible investment platform globally

Ex-EY managing partner Andy Baldwin joins IBM Consulting

https://images.fnlondon.com/im-44745761?size=1.5

Baldwin left EY after losing out on the CEO role last year

Tesla’s sales in the European Union logged another steep decline in May, continuing a downward trend for Elon Musk’s electric-vehicle maker even as the bloc’s EV market shows signs of growth.

Tesla’s EU Sales Slumped in May Despite EV Market Growth

Oil futures recovered some ground amid short-covering after three days of declines, supported by lingering Middle East risk perception and bullish inventory data in the U.S.

How a band of brew-swilling detectives brought down Scotland’s ‘Mr. Tea’

On-and-off trade battles, hot wars and deportations make it tough to predict where the U.S. economy is headed.

U.S. Attack on Iran Injects Uncertainty Into Already Uncertain Economy

Texas and Oklahoma have banned some banks from state contracts, saying they discriminate against the gun and fossil-fuel industries.

By Alexander Saeedy, AnnaMaria Andriotis and Dylan Tokar

 Big Banks, Worried About Being Trump’s Next Target, Race to Appease Republicans

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