Australian lender Westpac said on Thursday it had recognised a restructuring charge of A$273 million ($177.72 million) in the second half of fiscal 2025, as part of its productivity initiatives under ... ...

Core Insights - Adtalem Global Education is partnering with Alphabet's Google Cloud to launch an artificial intelligence credential program aimed at students and healthcare professionals to utilize AI tools in clinical practice [1] Company Summary - Adtalem Global Education is focusing on enhancing educational offerings by integrating artificial intelligence into its curriculum [1] - The partnership with Google Cloud signifies a strategic move to leverage advanced technology in education [1] Industry Summary - The initiative reflects a growing trend in the education sector to incorporate AI training, particularly in healthcare [1] - This program aims to equip professionals with necessary skills to effectively use AI in clinical settings, addressing the increasing demand for technology integration in healthcare practices [1]

U.S. banks borrowed $6.5 billion from the Federal Reserve's Standing Repo Facility (SRF) on Wednesday, central bank data showed, and repurchase rates rose, suggesting tightness in meeting funding obligations with a large net Treasuries settlement due this week. ...

Core Viewpoint - Becton Dickinson's Chief Financial Officer Chris DelOrefice will leave the company on December 5 to pursue a new professional opportunity [1] Company Summary - The departure of the CFO may impact the company's financial strategy and operations moving forward [1]

Core Insights - United Airlines has forecasted a higher-than-expected profit for the fourth quarter, driven by strong demand for premium travel and enhanced pricing power [1] Group 1: Financial Performance - The company anticipates robust profitability in the upcoming quarter, indicating a positive outlook for its financial performance [1] Group 2: Market Demand - There is a notable increase in demand for premium travel, which is contributing significantly to the company's revenue growth [1] Group 3: Pricing Strategy - Improved pricing power is highlighted as a key factor in the company's ability to forecast higher profits, suggesting effective pricing strategies in place [1]

Core Viewpoint - U.S. Bancorp has established a new unit dedicated to digital assets and money movement to accelerate development and increase revenue from emerging digital products and services [1] Group 1 - The new unit aims to enhance the company's capabilities in the digital asset space [1] - The initiative is part of a broader strategy to capitalize on the growing demand for digital financial solutions [1] - U.S. Bancorp is focusing on innovation to stay competitive in the evolving financial landscape [1]

Core Points - The U.S. Consumer Financial Protection Bureau (CFPB) and MoneyLion have reached an agreement to resolve allegations of illegal and excessive charges imposed by the company under the previous administration [1] Group 1 - The agreement addresses allegations made against MoneyLion regarding the imposition of unlawful fees [1] - The resolution signifies a step towards regulatory compliance for MoneyLion, potentially enhancing its reputation in the financial services industry [1]

JPMorgan Chase and Goldman Sachs are sticking with their businesses in China as escalating tensions with the U.S. loom over global markets, bank executives said on Wednesday. ...

Volatility Shares, an issuer of exchange-traded funds, filed on Wednesday to launch a total of 27 highly leveraged ETFs, including the first-ever proposed 5x ETF for the U.S. market, at a time of rising caution over inflated asset prices as markets continue their upward swing. ...

Core Insights - The largest banks on Wall Street reported third-quarter earnings, emphasizing the strength and resilience of U.S. consumers [1] - Despite rising interest rates and economic uncertainty, credit conditions have remained stable with no signs of deterioration [1] Group 1 - Major banks highlighted the robust spending patterns of U.S. consumers during the third quarter [1] - The financial institutions noted that consumer credit has not shown any significant weaknesses, indicating a healthy economic environment [1] - The overall economic outlook remains cautious, yet consumer behavior suggests resilience in the face of challenges [1]