Flat trading revenes in Commerzbank's corporate and investment bank along with higher provisions against bad loans contributed to a 20% fall in group pre-tax profits.

Operating profits climbed 34% in the corporates and markets business to €158 ($201m) on the back of higher commission fees and a decline in equity held against risk.

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Meet the Most Influential in European Finance

Revealed: The Rising Stars of Private Equity

Why London remains ‘mission critical’ for global law firms

Citi veteran Selim Elgen joins JPMorgan’s private bank in Dubai

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Senior private banker heads to new employer after three decades

Jain Global hires ex-Millennium portfolio manager Gregoire Thomas

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Thomas has joined the Hong Kong office of Bobby Jain’s new hedge fund

Ex-Brevan Howard portfolio manager’s hedge fund opens Sydney office

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Carl Radford’s White Elk Partners will have six people in the Australian city by the end of 2025

Banks including JPMorgan, Citi and UBS left the NZBA in the past year as they faced pressure from the Trump administration to ditch green pledges.

Net-Zero Banking Alliance Suspends Activities Amid Wave of Departures

Companies are snapping up “AI native” talent straight out of college and grad school. “Under 25, you can be making a million.”

These AI-Skilled 20-Somethings Are Making Hundreds of Thousands a Year

The asset class has shifted to late-stage lending as companies remain private for longer.

Venture Debt Firms Tilt Toward Mature Companies

Markets haven’t yet grappled with the implications of the president having control over the central bank.

Get Ready for the End of Fed Independence

The bank is growing its card business fast, tapping its unique advantages.

JPMorgan, Already No. 1 in Card Spending, Wants Even More

The tech company is weighing disciplinary measures for employees who occupied President Brad Smith’s office in protest of Microsoft’s relationship with the Israeli government during its war in Gaza.

Microsoft Investigating Employees After Gaza Protest Locks Down Building

The insurance-and-investment company logged a higher profit in the first half of the year, beating consensus projections across its financial results.

Prudential PLC’s First-Half Results Beat Consensus Estimates

The first Black woman to serve as a Federal Reserve Board governor is at the center of an unprecedented power struggle pitting the independence of the bank against the authority of the president.

Lisa Cook, the Fed Governor at the Center of a Firestorm

The agreement settles claims that the lender facilitated $800 million of payments related to the looting of the Malaysian sovereign-wealth fund.

JPMorgan to Pay $330 Million Over 1MDB Transactions

European business activity continues to prove resilient into the second half of the year, surveys showed, despite the American trade tariffs that have weighed on some companies.

European Business Takes Trump Tariffs in Stride

The Dutch insurer and asset manager has focused on making the U.S. its primary market and a key pillar of its growth strategy in recent years.

Dutch Insurer Aegon Evaluates Relocation to U.S.

The president and his allies accuse Powell of dragging his feet on interest-rate cuts, in a caustic and unprecedented pressure campaign.

Trump Turns Up the Heat. Fed Chair Jerome Powell Tries to Keep His Cool.

With a new tech leader taking the reins, the bank is looking to double down on high-value AI use cases and iterate quickly when things aren’t working.

The Man Behind Bank of America’s $13 Billion Tech Agenda

Alpha School, which has locations in Texas, Florida and California, is launching in New York in September.

Bill Ackman’s New Pet Project Is a School That Embraces AI and Rejects DEI

The city’s exchange operator reported record profit and revenue as bullish market sentiment boosted trading.

Hong Kong Regains IPO Crown as Exchange Operator Posts Record Earnings

“Recent trade deals have alleviated, but certainly not eliminated, global uncertainty, which persists on account of the unpredictable policy environment,” Lagarde told a panel on Wednesday.

Europe Should Deepen Ties With Non-U.S. Trade Partners, Lagarde Says

U.S. stock futures started Wednesday lower after a tech-led selloff caused by a report saying the majority of companies investing in generative AI have yet to see returns.

Global Markets Slip Following Tech Selloff

Bill Derrough’s move follows recent leadership changes at Moelis.

Moelis Restructuring Banker Derrough Moves to Jefferies

Dominari was new to the finance game when it took office space in Trump Tower. Now it’s a key adviser on the first family’s ventures, from crypto to manufacturing.

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Fears of slow sales and tight pricing are weighing on PE stocks.

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The group is focused on acquiring businesses operating mainly in the U.K. online pharmacy market.

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The bank said it also received authorization from the Bank of Italy to acquire indirect control of Banca Generali subsidiaries and indirect shareholdings in affiliates.

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S&P Global Ratings expects robust revenues from the Trump administration’s newly instituted tariff regime to help offset the expected fiscal deterioration resulting from recent legislative changes.

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The bank is preparing to move thousands of employees into its new, 2.5-million-square-foot Midtown headquarters.

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Corporate profits are on track for a double-digit climb, led by the tech sector.

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Some firm leaders have shrugged off deals as unenforceable, while at least one has taken on trade work for the administration with no fanfare.

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The “Taylor Swift tax,” among other levies, targets the rich. Will they be driven away?

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The S&P 500 and the Nasdaq composite both hit closing highs for a second straight session.

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The vice president is the most high-profile recent American visitor to the Cotswolds, an idyll that locals say is being disrupted by too many Yanks.

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Tricks of the trade gain new importance as 401(k) accounts open up to alternative investments.

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The bank’s economists had predicted tariffs could cause inflation and slow economic growth.

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A 23-year-old former OpenAI researcher quickly amassed more than $1.5 billion for a firm he called a “brain trust on AI.” 

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Top executives at JPMorgan Chase traveled through states including Mississippi and Alabama, where the bank is expanding its reach.

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A pair of executive orders President Trump signed Thursday show how he is beginning to reshape the world of banking and finance.

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The private-equity firm’s profit rose amid what its executives called the best environment for selling assets in years.

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A weekly call turned into a celebration of heroes as staffers comfort one another through lingering trauma.

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