Latest News for: Corporation net bank

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Markets adjust to inflation and it’s going to hurt

Asiatimes 04 May 2021
Now we don’t know about anything but inflation, and Bank of America is talking about “transitory hyper-inflation.” For example ... Higher mentions of pricing, coupled with a record net margin, suggest inflation so far has been positive for corporate earnings,” Bank of America strategists reported last week.
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Saudi banks’ aggregate profit grows 14% in March

Arab News 01 May 2021
"The increase in net profits of Saudi banks and foreign banks operating in the Kingdom is due in part to corporate credit growth which picked up substantially in 2021 after the Public Investment Fund (PIF) programs helped generate additional business for contractors and credit to small and medium enterprises (SME).".
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Saudi banks register 14pc rise in aggregate net profit

Gulf Daily News 01 May 2021
“The increase in net profits of Saudi banks and foreign banks operating in the kingdom is due in part to corporate credit growth which picked up substantially in 2021 after the Public Investment Fund (PIF) programmes helped generate additional business for contractors and credit to small and medium enterprises (SME).”.
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KBC Ireland takeover subject to further talks as BOI reports ‘stable’ start to 2021

Irish Independent 30 Apr 2021
In a trading update Bank of Ireland said net interest income was stronger than expected, with performance “stable” in the three months to end-March. Net interest income is the difference between a bank’s revenues and expenses ... The bank said “modest reductions” in net lending in Irish and UK retail have been offset by growth in corporate lending.
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FinanceLazard first-quarter profit misses estimate as expenses weigh

Reuters 30 Apr 2021
Investment bank Lazard Ltd (LAZ.N) said on Friday its first-quarter profit narrowly missed Street estimates, as higher spending and a weaker-than-expected performance in its corporate business offset strength from record dealmaking activity. The bank reported an ...
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Lazard first-quarter profit misses estimate as expenses weigh

Metro USA 30 Apr 2021
(Reuters) -Investment bank Lazard Ltd said on Friday its first-quarter profit narrowly missed Street estimates, as higher spending and a weaker-than-expected performance in its corporate business offset strength from record dealmaking activity. The bank reported an adjusted net ...
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Bank of Ireland net interest income beats views

Market Watch 30 Apr 2021
Bank of Ireland Group PLC said Friday that net interest income for the first quarter was stronger than expectations, and that its business income was in line with forecasts ... The bank said that ...
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China Bank profits jump 61% to P3.6-B

Manila Bulletin 29 Apr 2021
China Banking Corporation posted a 61 percent jump in ...
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Booming investment bank carries Deutsche Bank to its most profitable quarter since 2014 in the ...

Business Insider 28 Apr 2021
The firm's investment banking arm's net revenue was up 32% ... The investment bank's revenue growth, paired with a 23% jump in net revenue in the asset management division and a stable performance by the private and corporate banking arms resulted in total new revenue growth of 14% to 7.2 billion euros ($8.695 billion).
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Santander's first quarter profit jumps five-fold, boosted by US

RTE 28 Apr 2021
A strong performance at its Corporate and Investment Bank (CIB) unit, with a 64% rise in underlying profit, also helped. Excluding net restructuring charges of €530m, mainly in the UK and Portugal, the bank increased its underlying profit by around 50% buoyed by faster growing emerging economies such as Brazil, its main market.
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BusinessSantander profit jumps five-fold boosted by U.S.

Reuters 28 Apr 2021
A strong performance at its Corporate and Investment Bank (CIB) unit, with a 64% rise in underlying profit, also helped. Excluding net restructuring charges of 530 million euros, mainly in the UK and Portugal, the bank increased its underlying profit by around 50% buoyed by faster growing emerging economies such as Brazil, its main market.
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Axis Bank Q4FY21: Tepid growth in advances in comparison to peers

Business Line 28 Apr 2021
Axis Bank Q4 net jumps to ₹2,677 crCautious growth in corporate book. Corporate book that comprises about 35 per cent of the bank’s advances grew by 7 per cent y-o-y ... Even within the TLTRO investments, the bank limited its exposure to AAA/AA rated corporate issuers only.
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Santander’s Q1 net profit jumps five-fold boosted by U.S. and UK unit

Metro USA 28 Apr 2021
A strong performance at its Corporate and Investment Bank (CIB) unit, with a 64% rise in underlying profit, also helped. Excluding net restructuring charges of 530 million euros, mainly in the UK and Portugal, the bank increased its underlying profit by around 50% buoyed by faster growing emerging economies such as Brazil, its main market.
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Spain’s Santander beats forecasts and signals worst might be over

Metro USA 28 Apr 2021
A strong performance at Santander’s Corporate and Investment Bank (CIB), with a 64% rise in underlying profit, also helped ... In Spain, where net profit climbed to 243 million euros from 90 million, the bank said Antonio Simoes, the bank’s regional chief for Europe, would replace Rami Aboukhair as country head for Spain.
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Public bank bill puts state where it doesn’t belong

LA Daily News 27 Apr 2021
Now, California lawmakers want to start a public banking system to address a problem that could be addressed in simpler ways ... A quarter of California households lack bank accounts and rely instead on high-cost alternative services such as payday lenders and pawnshops ... Traditional banks and especially credit unions offer low-cost banking options.
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