BNP Paribas (BNPP.PA), France’s largest publicly traded banker, reported a higher-than-expected third-quarter profit on Friday, thanks to lower provisions for pandemic-related credit losses and a strong increase in equities trading. BNP Paribas, like its American and European competitors, benefited from the economic recovery by releasing capital set aside for pandemic losses. BNP Paribas reported a …
On reporting better-than-expected quarterly earnings in CEO Charlie Nunn’s first set of profits at the bellwether bank, Lloyds Banking Group (LLOY.L) upgraded its outlook. Pre-tax earnings increased to £2 billion from £1 billion in the same quarter the previous year, above analysts’ estimates by more than 50%, thanks to strong demand for mortgages and lower-than-expected …
Lloyds Bank Has Upgraded Its Outlook After Reporting A Profit That Exceeded Expectations Read More »
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 …
