Macquarie First-Half Profit Up 13%; No Full-Year Guidance Given

Macquarie Group said net profit in the fiscal first half rose 13%, reflecting strong performances in its asset management and banking units, but it didn't provide earnings guidance amid volatility in financial markets and geopolitical tensions. 


 
ECB Raises Interest Rates by 0.75 Point

The European Central Bank is moving briskly to quash record inflation even as the eurozone teeters close to recession. 


 
Credit Suisse Resets With a Retreat From Wall Street

The bank said it would cut thousands of jobs and raise $4 billion in fresh capital as it funds a retreat from Wall Street and attempts to recover from a near-existential crisis. 


 
UOB Third-Quarter Net Rose 34% on Strong Interest Income

United Overseas Bank Ltd.'s third-quarter net profit rose 34% on year due to higher interest income and lower impairment charges. 


 
Ares Management Targets $45 Billion From Accelerated Fundraising

Alternative investment manager Ares Management Corp. is taking advantage of market volatility and rising interest rates to accelerate fundraising efforts, aiming to collect more than $45 billion for several vehicles, including expected borrowing capacity. 


 
Bitcoin Miner Core Scientific Says It May File for Bankruptcy Amid Crypto Slump

One of the world's largest cryptocurrency miners said it may seek bankruptcy protection as it contends with the prolonged slump in bitcoin prices coupled with an increase in electricity costs. 


 
GDP Bounce Might Soon Fade

Gross domestic product rebounded in the third quarter. Was that the economy's last hurrah? 


 
Mastercard's Earnings Get a Lift From Travel, Consumer Spending

The payments company's results were mostly in line with what Wall Street analysts had anticipated. 


 
Danske Bank Expects $2.1 Billion Settlement of Money-Laundering Probe

Denmark's largest bank said it expects to pay the equivalent of $2.1 billion to settle a money-laundering probe by U.S. and Danish authorities, ending years of speculation about the size of the fine and sending its shares soaring on the news. 


 
Removing Sanctions on Crypto Mixer Tornado Cash Won't Be Easy

Crypto firms and advocacy groups likely face long odds to win their lawsuits aiming to remove crypto mixer Tornado Cash from the Treasury's sanctions list, where it landed due to money-laundering allegations.


(END) Dow Jones Newswires

10-28-22 0015ET