Banks

Bank of America: NII Trough Signals Potential Turning Point

Bank of America’s net interest income may have hit a trough and could be turning higher as loan yields outpace deposit costs and balance-sheet trends improve.

UBS Reportedly Plans Up to 10,000 Job Cuts by 2027

Report: UBS could cut up to 10,000 jobs by 2027 as it seeks to reduce costs and remove overlaps after the Credit Suisse takeover, a move that would reshape its workforce.