On Wednesday, Deutsche Bank announced a drop in revenue in its investment banking unit but nevertheless managed to outperform forecasts and earn its fifth consecutive quarter of profit. Deutsche Bank’s net profit increased in the third quarter as fewer bad-loan charges helped offset a drop in investment banking revenue and higher costs for its turnaround. …
Deutsche Bank Reports Profit for the Fifth Quarter in a Row Read More »
Spanish banks are ready to provide crypto assets to their consumers directly. Banks are making the necessary preparations to fulfill the future standards. Following months of anticipation, the Bank of Spain has given instructions on how to register with the central bank in order to provide cryptocurrency-related services in the country. Spain’s central bank originally …
The Bank Of Spain Has Issued Guidelines For Crypto Service Registration Read More »
Secretary Of the treasury Janet Yellen stated she anticipates strong price increases over the first half of 2022, but dismissed claims that the US is losing control of inflation. Inflation is likely to drop in the second half as supply constraints, a tight labor market, and other pandemic-related variables improve, according to Yellen on CNN’s …
As concerns about pandemic-related bad loans faded, HSBC Holdings (HSBA.L) announced a surprise 74 percent increase in third-quarter profit, allowing it to launch a $2 billion share repurchase. However, due to inflationary pressures, HSBC boosted their cost predictions for 2022 to $32 billion from $31 billion. Chief Executive Neil Quinn said in a statement released …
HSBC Shocks With A 74% Increase In Q3 Profit And A $2 Billion Buyback Programme Read More »
Nordea (NDAFI.HE) of Finland and Swedbank (SWEDa.ST) of Sweden both reported increased third-quarter earnings on Thursday, as banks throughout the region recovered quickly from the pandemic’s impact and moved extra capital to shareholders. Nordic banks, like their European counterparts, have profited from increased corporate and consumer activity, as well as a glut of mergers and …
Nordea Initiates Share Buybacks As The Nordic Banking Sector Recovers Read More »
