What's the Right Interest Rate for the Fed Anyway?

Standard models watched by economists at the Federal Reserve and elsewhere suggest that interest rates should now be lower. 


 
Deutsche Bank to Cut About 3,500 Jobs

The reductions are the latest attempt in a yearslong bid to boost performance at Germany's largest lender. 


 
Fed Signals Cuts Are Possible but Not Imminent as It Holds Rates Steady

The central bank abandons formal guidance that had kept hikes on the table since last raising rates in July. 


 
BNP Paribas Cuts Profitability Target After Profit Drop

BNP Paribas said it now expected profit to grow about 8% annually to 2025 after it reported revenue and profit below expectations in the fourth quarter. 


 
Julius Baer CEO Steps Down

Julius Baer CEO Philipp Rickenbacher will step down after it reported major losses related to its exposure to Austria's Signa Group. 


 
KKR Raises Record $6.4 Billion For Asia Infrastructure Fund

U.S. private-equity firm KKR raised a record $6.4 billion for an Asia-Pacific infrastructure fund, amid growing bets on the infrastructure sector in a gradually recovering fundraising environment. 


 
Celsius Network to Distribute $3 Billion to Creditors After Exiting Bankruptcy

Collapsed crypto lender Celsius Network said it has emerged from bankruptcy and will begin distributing funds to creditors. 


 
MetLife Net Plunges Despite Revenue Surge

The insurer posted adjusted earnings that were just shy of analysts' estimates, despite a jump in revenue. 


 
Mastercard's Strong Earnings Still Show Spending Slowdown

Quarterly earnings from card issuer Mastercard beat estimates, but the total number and value of payment transactions slipped. 


 
New York Community Bancorp Stock Plunges 38%, Reigniting Fears for Regional Banks

NYCB built up capital after acquiring most of the failed Signature Bank in last year's crisis.


(END) Dow Jones Newswires

02-01-24 0715ET