BofA Bets Big on Steady Revenues From Transactional FX Business

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 50%

Business News News

Business Business Latest News,Business Business Headlines

A growing share of Bank of America Corp.’s currency trading revenue comes from a unit that isn’t catering to high-flying macro hedge funds but instead the world’s largest corporations and retail banking clients.

BofA Bets Big on Steady Revenues From Transactional FX BusinessLGIM to Sell Glencore Stake on Concern Over Thermal Coal PlansOil Holds Decline After Industry Report Points to Stockpile GainUS Industries Fearing a Port Strike Urge Biden to Revive TalksVolkswagen Invests $5 Billion in EV Startup Rivian to Form Joint VentureNorway Pension Fund Exits Caterpillar Stake on Israel LinksChina Reveals Government Fund Misuse, Highlighting Fiscal RisksECB’s Rehn Sees Bets for Two More Cuts in 2024 as...

5%, Starmer SaysExxon Backs EV Demand Growth to Turn Its Lithium Bet Into a WinMargin Trades of $30 Billion Add to Risks for Japan Stock RallyActivist Investing Booms in Japan, Led by Elliott's SuccessesCanada inflation quickens to 2.

 

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:

 /  🏆 83. in BUSİNESS

Business Business Latest News, Business Business Headlines