First Citizens Boosts NII Forecast as Fewer Rate Cuts Projected
First Citizens BancShares Inc., which scooped up Silicon Valley Bank after the lender failed last year, lifted its guidance for lending income for 2024.
First Citizens BancShares Inc., which scooped up Silicon Valley Bank after the lender failed last year, lifted its guidance for lending income for 2024.
Sanjay Shah, the hedge fund founder accused of masterminding a Cum-Ex trading scheme that robbed £1.4 billion ($1.7 billion) from the Danish government, claimed he thought the transactions were “completely legal.”
Caterpillar Inc. reported first-quarter earnings that beat Wall Street’s expectations, helped by stronger pricing even as sales volumes slipped slightly.
STMicroelectronics NV expects sales to carmakers will pick up at the end of the year, after a slump in demand from the sector hit the chipmaker’s revenue.
Merck & Co. raised its annual profit and revenue forecast as the blockbuster cancer drug Keytruda continued to dominate the treatment landscape.
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