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On an adjusted basis, revenue from the bank’s equities trading business jumped 27% to $2.27bn, beating arch rival Goldman, which reported revenue of $2bn.

“They continue to show expense discipline and revenue are going to hang in there better than many expected”, Sandler O’Neill analyst Jeffery Harte said.

More recently, Sikorsky revenues fell following weaker demand from the oil and gas sector, with the company providing helicopters for the offshore oil and gas industries.

In a statement to the London Stock Exchange, Vodafone also said that Hannes Ametsreiter in Germany, Aldo Bisio in Italy, Jeroen Hoencamp in the United Kingdom and Antonio Coimbra in Spain would become members of the company’s executive committee.

Federal regulators on Monday, July 20, 2015 are directing the eight biggest US banks to hold capital at levels above industry requirements, to cushion against unexpected losses and reduce the chances of future taxpayer bailouts.

The Federal Reserve announced rules Monday on banks deemed to be Global Systemically Important Financial Banks, or G-SIBs. The other seven firms must maintain an additional capital buffer of between 1% and 3.5%.

The surcharges, outlined in a proposed rule in December, will be phased in starting January 1, 2016 and become fully effective three years later.

Countries respective interests were upgraded to embassies.

“Passing my bipartisan bill to lift the embargo would benefit the people of both of our countries by boosting USA exports and allowing Cubans greater access to American goods”.

The Cuban flag has flown proudly over Havana’s newly restored embassy as the USA and Cuba relaunched diplomatic ties but swiftly cautioned that sharp differences lingered after five decades of enmity.

The United States and Cuba quietly ushered in a new era of post-Cold War relations on Monday, formally restoring diplomatic ties severed more than five decades ago and re-establishing embassies in each other’s capitals.

The US was represented by Assistant Secretary of State for Western Hemisphere Affairs Roberta Jacobson, who led US negotiators in six months of talks leading to the July 1 announcement, and Jeffrey DeLaurentis, the chief of the U.S. Interests Section in Havana who will now become...

“We understand that Cuba has strong feelings about it and I can’t tell you what the future will bring but for the moment that is not part of the discussion on our side”, Kerry said.

In Havana, the USA embassy was also reopened for business with no outward sign of change.

“In the face of a tough competitive environment, driven mostly by currency and greater competitive activity, we are leveraging our many strengths and meeting the challenge head on”, said Matt Levatich, president and chief executive of Harley-Davidson.