Deutsche Morgan Grenfell, the New York-based investment banking arm of
Mr. Mahoney was a managing director and head of the client strategic
Deutsche Morgan Grenfell, the New York-based investment banking arm of
Mr. Mahoney was a managing director and head of the client strategic
The U.K. fintech's shares fell about 5% in London, partly due to international currency volatility. It hopes a U.S. listing will improve the company's ability to raise capital.
Monetary policymakers have held off on lower interest rates for months, citing the risk of tariff-induced inflation. Several now say this week's CPI and PPI reports confirmed their suspicions.
A new federal law that decouples health savings accounts from high-deductible insurance plans is expected to be a tailwind for the Connecticut bank's health care unit.
The Dallas bank attributed its success in the second quarter to investment banking and trading fees. Executives continue to believe they will hit the bank's target for improving a key profitability metric later this year.
The Minneapolis-based regional bank also reported increased loans and lower operating expenses while credit quality held steady.
The Providence, Rhode Island-based bank's net income was well above analysts' estimates in the second quarter.