Companies > Bank

BANK OF AMERICA: These 5 trends emerged from companies' first-quarter earnings reports

BANK OF AMERICA: These 5 trends emerged from companies' first-quarter earnings reports

17 minutes ago   |   Business Insider

Bank of America highlighted five key stock market trends that emerged from S&P 500 firms' first-quarter earnings reports. The period's profits landed about 9% below analyst...
Read more ...

There's never been a better time for banks to buy fintechs, according to a Capital One cofounder. Here's why both sides need each other more than ever

There's never been a better time for banks to buy fintechs, according to a Capital One cofounder. Here's why both sides need each other more than ever

17 minutes ago   |   Business Insider

Nigel Morris, a cofounder of Capital One who spent 10 years as its president and chief operating officer, told Business Insider now is the right time for deals between fintechs...
Read more ...

Toronto-Dominion: Fiscal 2Q Earnings Snapshot

19 minutes ago   |   Stl Today   |   6 articles

TORONTO - The Toronto-Dominion Bank on Thursday reported fiscal second-quarter net income of $1.13 billion.
Read more ...

An Italian Bank Deal Still Makes Perfect Sense

25 minutes ago   |   Washington Post

Unione di Banche Italiane is trying to thwart a takeover by Intesa, but the coronavirus has made the deal more compelling.
Read more ...

David Herro was the world's best international stock-picker for a decade straight. He breaks down 8 stocks he bet on after the coronavirus decimated markets - and 3 he sold

David Herro was the world's best international stock-picker for a decade straight. He breaks down 8 stocks he bet on after the coronavirus decimated markets - and 3 he sold

33 minutes ago   |   Business Insider

David Herro's Oakmark funds have brought in huge returns over the past 30 years, and Morningstar named him international fund manger of the decade in 2010. Herro told Business...
Read more ...

Home trading triggers bank 'black hole' surveillance alerts

1 hour ago   |   Reuters

Potential breaches of market rules have spiked since traders began working from home in March, drawing scrutiny from regulators and piling pressure on banks to plug "black...
Read more ...

Venezuela hopes to have gold frozen by Britain returned in order to buy food and medical supplies amid Covid-19 pandemic

Venezuela hopes to have gold frozen by Britain returned in order to buy food and medical supplies amid Covid-19 pandemic

1 hour ago   |   RT   |   4 articles

Venezuela has reached a deal with the United Nations to use its gold - frozen by the Bank of England - to fund necessary food and medical purchases during the Covid-19...
Read more ...

Asia-Pacific Daily Briefing: Bank of Korea Cuts Rate to Record Low

2 hours ago   |   Economy

Japan approved another stimulus package.
Read more ...

German economy may shrink by over 9% this year due to coronavirus crisis

German economy may shrink by over 9% this year due to coronavirus crisis

4 hours ago   |   RT   |   3 articles

Europe's biggest economy, Germany, may decline by 9.3 percent in 2020, according to the worst-case scenario outlined by one of the country's largest economic think tanks, the...
Read more ...

Jamie Dimon Captures the Stock Market Moment

4 hours ago   |   Washington Post

Central bank action has helped financial valuations recover, but unemployment and diminished consumption can't be magicked away.
Read more ...


Register you to post on Business Mag

Free Registration

Nissan workers in Barcelona stage massive protest over factory closure plans

Nissan workers in Barcelona stage massive protest over factory closure plans

Thousands of people have marched in Barcelona to protest Japanese auto giant Nissan's decision to close its factory in the region which will result in the loss of up to 3,000... Read more ...

It looks like Trump's draft executive order targeting Facebook and Twitter...

It looks like Trump's draft executive order targeting Facebook and Twitter got leaked online

It looks like the executive order threatened by President Trump against social media companies has leaked. Law professor Kate Klonick published what she claimed was a draft of... Read more ...

Venezuela hopes to have gold frozen by Britain returned in order to buy food...

Venezuela hopes to have gold frozen by Britain returned in order to buy food and medical supplies amid Covid-19 pandemic

Venezuela has reached a deal with the United Nations to use its gold - frozen by the Bank of England - to fund necessary food and medical purchases during the Covid-19... Read more ...

EasyJet stock surges 7% as it slashes up to 4,500 jobs over COVID-19, and...

EasyJet stock surges 7% as it slashes up to 4,500 jobs over COVID-19, and warns demand won't fully return until 2023

EasyJet shares surged as much as 7.5% on Thursday as the company announced 4,500 job cuts due to COVID-19. The budget airline plans to restart flying on 15 June but only... Read more ...

China passes landmark legislation to force national security laws in Hong...

China passes landmark legislation to force national security laws in Hong Kong, effectively crushing the city's autonomy

China passed new national security legislation for Hong Kong on Thursday in a major blow to the city's autonomy. The proposal was voted on by the annual and largely... Read more ...

Billionaire investor Carl Icahn dumped all of his Hertz shares at an almost...

Billionaire investor Carl Icahn dumped all of his Hertz shares at an almost $2 billion loss after the car-rental giant's bankruptcy

Carl Icahn dumped his 39% stake in Hertz at a loss of nearly $2 billion on Tuesday. The billionaire investor sold his 55.3 million shares for less than $40 million after the... Read more ...

German economy may shrink by over 9% this year due to coronavirus crisis

German economy may shrink by over 9% this year due to coronavirus crisis

Europe's biggest economy, Germany, may decline by 9.3 percent in 2020, according to the worst-case scenario outlined by one of the country's largest economic think tanks, the... Read more ...

10 things in tech you need to know today

10 things in tech you need to know today

Good morning! This is the tech news you need to know this Thursday. Trump will sign an executive order 'pertaining to social media' on Thursday, shortly after he accused... Read more ...

A new poll shows one in 5 people would refuse a COVID-19 vaccine as...

A new poll shows one in 5 people would refuse a COVID-19 vaccine as companies race to create one

A new AP-NORC poll published Wednesday revealed about one in five people would refuse a coronavirus vaccine, and only about half of Americans would get the vaccination, as... Read more ...

Twitter fact-checks Trump; he threatens new regs or shutdown

Twitter fact-checks Trump; he threatens new regs or shutdown

WASHINGTON - President Donald Trump, the historically prolific tweeter of political barbs and blasts, threatened social media companies with new regulation or even shuttering... Read more ...