Westpac triggers investor loan reviews after budget ban
Westpac (ASX:WBC) has warned mortgage brokers that existing investor pre-approvals face mandatory reassessments.
Westpac (ASX:WBC) has warned mortgage brokers that existing investor pre-approvals face mandatory reassessments.
Westpac (ASX:WBC) has warned mortgage brokers that existing investor pre-approvals face mandatory reassessments.
David Kelly, chief global strategist at JPMorgan Asset Management, expects that Federal Reserve Chair-Elect Kevin Warsh is likely to vote to hold interest rates steady at next month's meeting while seeking to build consensus with his new colleagues.
David Kelly, chief global strategist at JPMorgan Asset Management, expects that Federal Reserve Chair-Elect Kevin Warsh is likely to vote to hold interest rates steady at next month's meeting while seeking to build consensus with his new colleagues.
Barclays CEO CS Venkatakrishnan discusses the use of artificial intelligence in the banking industry, saying the technology is having a "creeping" impact on the UK lender. "We are seeing things getting on the margin a little more efficient in certain parts," he says. "Fundamental impact I think it's coming, but I don't see it yet," he adds during a conversation with Bloomberg's Francine Lacqua at the Global Markets and Banking Summit 2026 in London.
Barclays CEO CS Venkatakrishnan discusses the use of artificial intelligence in the banking industry, saying the technology is having a "creeping" impact on the UK lender. "We are seeing things getting on the margin a little more efficient in certain parts," he says. "Fundamental impact I think it's coming, but I don't see it yet," he adds during a conversation with Bloomberg's Francine Lacqua at the Global Markets and Banking Summit 2026 in London.
Goldman Sachs International co-CEOs Anthony Gutman and Kunal Shah discuss the outlook for Europe's capital markets, risks facing the global economy and the race to build out artificial intelligence infrastructure. They speak on Bloomberg Television.
Goldman Sachs International co-CEOs Anthony Gutman and Kunal Shah discuss the outlook for Europe's capital markets, risks facing the global economy and the race to build out artificial intelligence infrastructure. They speak on Bloomberg Television.
Standard Chartered said it plans to eliminate thousands of support roles over the next four years, joining the ranks of global lenders using artificial intelligence to trim headcount. "It's not about cost cutting," Chief Executive Officer Bill Winters said at a press briefing in Hong Kong. "It's about having a structurally more productive environment that is fit for future." Bloomberg's Tom Metcalf reports.
Standard Chartered said it plans to eliminate thousands of support roles over the next four years, joining the ranks of global lenders using artificial intelligence to trim headcount. "It's not about cost cutting," Chief Executive Officer Bill Winters said at a press briefing in Hong Kong. "It's about having a structurally more productive environment that is fit for future." Bloomberg's Tom Metcalf reports.
Francisco Blanch, head of commodities and derivatives research at Bank of America Securities, discusses the "pretty large" deficit in the global oil market and says the US will see higher gas prices and potential "availability issues" during the summer driving season.
Francisco Blanch, head of commodities and derivatives research at Bank of America Securities, discusses the "pretty large" deficit in the global oil market and says the US will see higher gas prices and potential "availability issues" during the summer driving season.
Kelsey Berro, fixed income portfolio manager at JPMorgan Asset Management, says, "the demand for fixed income is accelerating at higher yield levels," as she looks at what makes this bond market different from recent selloffs.
Kelsey Berro, fixed income portfolio manager at JPMorgan Asset Management, says, "the demand for fixed income is accelerating at higher yield levels," as she looks at what makes this bond market different from recent selloffs.
P&N Bank announced a proposed $30 billion tie-up with Melbourne-based Bank Australia.
P&N Bank announced a proposed $30 billion tie-up with Melbourne-based Bank Australia.
CBA (ASX:CBA) reported a $2.6B statutory NPAT in its Q3 update, with cash profit dipped 1% from the first-half average.
CBA (ASX:CBA) reported a $2.6B statutory NPAT in its Q3 update, with cash profit dipped 1% from the first-half average.
Jamie Dimon warns the UK that any move to hike taxes on banks in the event Keir Starmer is replaced as the UK's prime minster would see JPMorgan scrap plans to invest billions in a new London headquarters in Canary Wharf. He speaks with Francine Lacqua on "Bloomberg Open Interest."
Jamie Dimon warns the UK that any move to hike taxes on banks in the event Keir Starmer is replaced as the UK's prime minster would see JPMorgan scrap plans to invest billions in a new London headquarters in Canary Wharf. He speaks with Francine Lacqua on "Bloomberg Open Interest."