Bank of America trims net interest income guidance

(Reuters) – Bank of America Corp lowered its annual net interest income guidance on Wednesday to reflect a weakened interest rate environment as the second-largest U.S. lender reported higher-than expected earnings fueled by strong consumer trends. A Bank of America logo is pictured in the Manhattan borough of New York City, New York, U.S., January […]

Facebook to face more scrutiny from Congress on Libra

FILE PHOTO: Representations of virtual currency are displayed in front of the Libra logo in this illustration picture, June 21, 2019. REUTERS/Dado Ruvic/Illustration/File Photo WASHINGTON (Reuters) – Facebook Inc will face more questioning on Wednesday by U.S. lawmakers over its planned cryptocurrency after a bruising first bout when senators from both parties condemned the project, […]

Facebook should not be trusted with 'crazy' cryptocurrency plan: senators

WASHINGTON (Reuters) – Democratic and Republican lawmakers said on Tuesday that Facebook Inc’s track record of what they described as untrustworthiness should stand in the way of it launching a digital currency, labeling the plan “delusional” and “crazy” at a Senate hearing. Facebook is fighting to get Washington onside after it shocked regulators and lawmakers […]

Wall Street muted after mixed bank earnings

(Reuters) – U.S. stock indexes treaded water on Tuesday as Wall Street’s big banks swung between gains and losses after their quarterly results drew mixed reactions from investors. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., July 16, 2019. REUTERS/Brendan McDermid JPMorgan, the largest U.S. bank by […]

Ryanair cuts summer 2020 growth rate on Boeing MAX doubts

FILE PHOTO: Ryanair logo is pictured on the the jacket of a cabin crew member ahead of a news conference by Ryanair union representatives in Brussels, Belgium September 13, 2018. REUTERS/Francois Lenoir/File Photo (Reuters) – Europe’s largest budget carrier Ryanair (RYA.I) has cut its forecast for growth in traveler numbers next summer due to the […]