SNB Returns to Quarterly Profit Thanks to Swiss Franc Weakness
The Swiss National Bank returned to a quarterly profit because of the weakness of the franc, potentially helping officials to rebuild the central bank’s depleted capital base.
The Swiss National Bank returned to a quarterly profit because of the weakness of the franc, potentially helping officials to rebuild the central bank’s depleted capital base.
Deutsche Bank AG’s investment arm DWS Group posted inflows that pushed assets under management to a record high, as investors increased their allocations in passive products.
BNP Paribas SA’s fixed-income traders trailed all of the large Wall Street banks in the first quarter, taking the shine off a strong performance in other parts of the investment bank.
Deutsche Bank AG relied on its traders and investment bankers to make up for a slowdown in income from lending, as Chief Executive Officer Christian Sewing seeks to deliver on an ambitious revenue goal.
Asian equities declined after Meta Platforms Inc.’s disappointing outlook raised concern about whether the bull market has run too far.
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