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Citigroup Quarterly Profit Falls 25%

Business NY Times -
The bank reported a 25 percent decline in profit in the third quarter, versus last year, in part because of “very challenging markets.”  » mehr lesen

Kroger and Albertsons Announce Plan to Merge in $25 Billion Deal

Business NY Times -
The deal, an effort to bulk up against deep-pocketed rivals Walmart and Amazon, is likely to invite antitrust scrutiny from regulators.  » mehr lesen

Citigroup’s Profit Falls as Consumer Strength Is Offset by Market Weakness

Business NY Times -
The bank reported a 25 percent decline in profit in the third quarter, versus last year, in part because of “very challenging markets.”  » mehr lesen

JPMorgan’s Profit Shrinks, but Chief Says U.S. Customers Are ‘Healthy’

Business NY Times -
The bank earned $9.7 billion in the third quarter, down from last year. It also added to reserves against loan losses and took a hit on some investments.  » mehr lesen

U.K. Markets Slump Despite Kwasi Kwarteng’s Ouster

Business NY Times -
Kwasi Kwarteng, the chancellor of the Exchequer, was fired on Friday by Prime Minister Liz Truss in a bid to end weeks of market turmoil.  » mehr lesen

More States Require High School Seniors to Fill Out Financial Aid Form

Business NY Times -
Evidence suggests that students who file the federal form are more likely to attend college.  » mehr lesen

Wells Fargo’s Scandals Drag on Profit as It Braces for a ‘Slowing Economy’

Business NY Times -
The bank’s earnings took a $2 billion hit, bringing its profit down to $3.5 billion in the third quarter.  » mehr lesen

A “Roller Coaster” Day Whipsaws Markets

Business NY Times -
Not even a worse-than-expected inflation report could sap investor enthusiasm. But analysts and traders worry that unpredictable market moves will continue.  » mehr lesen
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