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Conduit Re confirms Randolph as CRO
By Navneeta NandanJuly 15 - (The Insurer) - Conduit Re confirmed on Tuesday that it has appointed William Randolph as chief risk officer, a move first reported by The Insurer last month.Randolph was previously chief risk officer at Validus Re before joining Relm for a short stint earlier this year.H...Reuters
Tue, Jul 15
UK insurers welcome 'tremendous opportunity' of captive framework
By Rebecca DelaneyJuly 15 - (The Insurer) - UK insurance industry representatives have welcomed the government's announcement that it will proceed with a captive insurance framework but stressed the need for proportionate, cost-effective supervision to compete with other European domiciles.The U...Reuters
Tue, Jul 15
Japan's SMBC seeks RBI approval for 4.9% additional stake in Yes Bank, sources say
By Ashwin Manikandan and Ira Dugal July 15 (Reuters) - Japan's Sumitomo Mitsui Banking Corporation (SMBC) [RIC:RIC:SUMFGI.UL] has sought approval from the Reserve Bank of India to acquire an additional 4.9% stake in India’s Yes Bank YESB.NS to take its total ownership in the bank to just unde...Reuters
Tue, Jul 15
Jpmorgan Expects 2025 Net Interest Income Of About $95.5B
July 15 (Reuters) - JPMorgan Chase & Co JPM.N:JPMORGAN OUTLOOK 2025 NET INTEREST INCOME ABOUT $95.5B - PRESENTATIONJPMORGAN OUTLOOK 2025 ADJUSTED EXPENSE ABOUT $95.5B- PRESENTATIONJPMORGAN OUTLOOK 2025 NET INTEREST INCOME EXCLUDING MARKETS ABOUT $92BReuters
Tue, Jul 15
Wells Fargo Expects To Increase Q3 Common Stock Dividend By 12.5%
July 15 (Reuters) - Wells Fargo & Co WFC.N:WELLS FARGO: Q2 RESULTS INCLUDED $253 MLN GAIN FROM ACQUISITION OF REMAINING INTEREST IN OUR MERCHANT SERVICES JOINT VENTUREWELLS FARGO: EXPECT TO INCREASE OUR Q3 COMMON STOCK DIVIDEND BY 12.5%Source text: [ID:n0000072971-25-000170]Reuters
Tue, Jul 15
Wells Fargo Outlook 2025 Net Interest Income Roughly In Line With 2024 - Presentation
July 15 (Reuters) - Wells Fargo & Co WFC.N:WELLS FARGO OUTLOOK FY NONINTEREST EXPENSE $54.2 BILLION - PRESENTATIONWELLS FARGO OUTLOOK FY NET INTEREST INCOME ROUGHLY IN LINE WITH 2024 - PRESENTATIONReuters
Tue, Jul 15
Germany plans AI offensive to catch up on key technologies, document shows
Germany aims for 10% economic output from AI by 2030Economists urge rapid AI roll-out to boost productivityGermany aims to build AI gigafactories with EU funding by 2027By Andreas Rinke BERLIN, July 15 (Reuters) - Germany wants to ramp up its use of artificial intelligence by the end of the decad...Reuters
Tue, Jul 15
Wells Fargo profit rises on lower bad loan provisions
July 15 (Reuters) - Wells Fargo's WFC.N profit rose in the second quarter as it set aside less money to shield for potential bad loans.The fourth-largest U.S. lender's net income was $5.49 billion, or $1.60 a share, in the three months ended June 30, it said on Tuesday. That compares with $4...Reuters
Tue, Jul 15
Medical device maker AngioDynamics beats Q4 revenue estimates
OverviewAngioDynamics fiscal Q4 net sales rose 12.7%, beating analyst expectations, per LSEG dataAdjusted EPS for fiscal Q4 beat analyst estimates, per LSEG dataCo generated $16.2 mln free cash flow in Q4 due to strong growthOutlookAngioDynamics sees FY2026 net sales $305 - $310 mlnCompany expects M...Reuters
Tue, Jul 15
UK government to 'proceed at pace' with captive insurance plans
FCA and PRA to consult on policy proposals in summer 2026Rules expected to include proportionately lower capital and reporting requirementsNo new bespoke regulatory framework for captive managersBy Rebecca DelaneyJuly 15 - (The Insurer) - The UK government said on Tuesday that it is looking to "...Reuters
Tue, Jul 15
Google Will Invest $25 Billion In Data Centers Across Pennsylvania And Neighboring States - Semafor
July 15 (Reuters) - GOOGLE WILL INVEST $25 BILLION IN DATA CENTERS ACROSS PENNSYLVANIA AND NEIGHBORING STATES - SEMAFORFIRST ENERGY IS INVESTING $15 BILLION IN THE STATE’S ENERGY GRID - SEMAFORSource text: https://tinyurl.com/4dhp9nz9Reuters
Tue, Jul 15
JPMorgan's profit slips as prior-year accounting gain skews comparison
July 15 (Reuters) - JPMorgan Chase's JPM.N profit fell in the second quarter, reflecting a difficult comparison to last year when the bank had recorded a one-time accounting gain.Profit was $14.99 billion, or $5.24 per share, for the three months ended June 30, compared with $18.15 billion, or $...Reuters
Tue, Jul 15
BNY's profit rises on higher interest income, fee revenue growth
BNY's quarterly revenue crosses $5 billion for the first timeAssets under custody and administration jump 13% Second-quarter interest income beats Wall Street views July 15 (Reuters) - BNY's BK.N profit jumped in the second quarter, the Wall Street bank reported on Tuesday, driven by hig...Reuters
Tue, Jul 15
EU trade chief to talk with U.S. trade representative later on Tuesday, EU spokesperson says
BRUSSELS, July 15 (Reuters) - EU Trade Commissioner Maros Sefcovic will talk with U.S. trade representative Jamieson Greer early Tuesday evening, an EU spokesperson said on Tuesday."I can confirm that Commissioner Sefcovic will have a call with the United States Trade Representative Jamieson Gre...Reuters
Tue, Jul 15
Japan’s Biggest Risk in 2025: The Upper House Election Could Trigger PM Ishiba’s Resignation and Derail U.S.-Japan Trade Talks
TradingKey - Compared to the political and fiscal risks posed by Japan’s upcoming Upper House election, concerns over the Bank of Japan’s (BoJ) bond purchase reduction and weak JGB auctions earlier this year now seem like minor tremors. A ruling coalition defeat could reshape the outlook for yen ...
TradingKey
Tue, Jul 15
Unity Bancorp Q2 adjusted profit beats expectations, net income up 42%
OverviewUnity Bancorp Q2 adjusted EPS beats analyst expectations, per LSEG dataNet income rises to $16.5 mln, driven by one-time securities gainsLoan balances grew $37.5 mln, reflecting strong origination capabilitiesOutlookUnity Bancorp expects strong loan demand due to robust economic growth.Compa...Reuters
Tue, Jul 15
China's Q2 smartphone shipments dropped by 4.0% Y/Y, says IDC
BEIJING, July 15 (Reuters) - China's smartphone shipments dropped by 4.0% Y/Y in the second quarter, the International Data Corporation (IDC) said on Tuesday.Apple's market share in China was at 13.9%, while Huawei's was at 18.1% in Q2, according to IDC.Huawei was the top vendor in the c...Reuters
Tue, Jul 15
Kremlin says Trump statements on Russia and Putin are serious, require analysis
MOSCOW, July 15 (Reuters) - The Kremlin said on Tuesday that U.S. President Donald Trump's recent statements, including a threat of sanctions on buyers of Russian exports, are serious and require analysis.In a major policy shift underscoring his growing frustration with President Vladimir Putin,...Reuters
Tue, Jul 15
Zeekr Group Enters Merger Agreement To Become Wholly-Owned Subsidiary Of Geely
July 15 (Reuters) - Zeekr Intelligent Technology Holding Ltd ZK.N:ZEEKR GROUP ENTERS INTO DEFINITIVE MERGER AGREEMENT FOR ACQUISITION TRANSACTIONZEEKR INTELLIGENT TECHNOLOGY HOLDING LTD - TO BECOME WHOLLY-OWNED SUBSIDIARY OF GEELYZEEKR INTELLIGENT TECHNOLOGY HOLDING LTD - SHAREHOLDERS TO RECEIVE $2....Reuters
Tue, Jul 15
