News Formal

U.S. banks are facing body blows from Ukraine war and a slump in investment banking activity

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 7 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 97%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

Big U.S. banks are expected to reveal the impact of the Ukraine war and a drop in investment banking activity related to moribund capital markets when they provide first-quarter profit updates next week.

Hit by the slowest quarter for initial public offerings since 2016, efforts to curb business with Russia and jitters

about an economic slowdown tied to inflation, the financial powerhouses faced headwinds in the three months ended March 31.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in AU

Australia Australia Latest News, Australia Australia Headlines