U.S. President Donald Trump is set to meet global business leaders in Davos on Wednesday, sources told Reuters, as his presence takes center stage at this year’s World Economic Forum in Switzerland. CEOs from financial services, crypto, and consulting sectors have been invited to a reception following Trump’s special address. One source said the invitations, …
Bank of America (BofA) has raised its return target as part of a new strategy to close the gap with Wall Street leaders. CEO Brian Moynihan announced the plan at the bank’s first investor day since 2011, signalling a renewed push to improve performance and capture more market share. BofA now aims to deliver a …
The Bank of England (BoE) has warned that global financial markets could face a sharp correction if investor confidence in artificial intelligence (AI) prospects or the independence of the U.S. Federal Reserve weakens. In its latest Financial Policy Committee (FPC) report, the BoE noted that U.S. stock valuations are nearing levels last seen during the …
