October 26, 2020
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Nordea Bank’s net profit jumps to £761.14 million in the fiscal third quarter

Nordea Bank’s net profit jumps to £761.14 million in the fiscal third quarter. The Helsinki-based bank reports £1.05 billion of net interest income in Q3. The financial services group is committed to paying a dividend for 2019. In its report on Friday, Nordea Bank Abp (STO: NDA-SE) said that its net profit in the fiscal third quarter came in higher than expected. The
Economy Finance & banking Industries North America Stocks & shares USA World

American Express says profit was lower than expected in the fiscal third quarter

American Express says profit was lower than expected in the third quarter. The credit card company posts a 20% decline in Q3 revenue to £6.72 billion. American Express net income in the third quarter prints at £820 million. The American Express Company (NYSE: AXP) said on Friday that its profit in the fiscal third quarter came in lower than expected. But revenue, it added,
Economy Europe Finance & banking Industries Stocks & shares World

UBS net profit jumps close to 100% in the fiscal third quarter

UBS net profit jumps close to 100% in the fiscal third quarter. Ralph Hamers to become the CEO of UBS on November 1st. UBS puts aside £1.16 billion for share repurchase in 2021. UBS Group AG (SWX: UBSG) said on Tuesday that its net profit in the fiscal third quarter came in almost 100% higher on a year over year basis, attributed primarily to robust trading in recent
Economy Europe Finance & banking Industries Stocks & shares UK World

Britain’s financial watchdog imposes an Asset Voluntary Requirement on Amigo Holdings

Britain’s FCA imposes an Asset Voluntary Requirement on Amigo Holdings. The subprime lender is embroiled in a row with its founder James Benamor. The British fashion retailer Boohoo Group plc says it will hire a new auditor. The British financial watchdog imposed an Asset Voluntary Requirement (AVR) on Amigo Holdings (LON: AMGO) on Monday. Under the new restriction, the
Economy

Man Group reports a 4.4% growth in funds under management in Q3

Man Group reports a 4.4% growth in funds under management in Q3. The investment manager attributes the increase to £1.31 billion of net inflows. Man Group had revealed plans of a £77 million share buyback program last month. In an announcement on Friday, Man Group plc (LON: EMG) said it saw a 4.4% growth in funds under management in the fiscal third quarter. The company
Bastion Balance Seoul, Korea - prevent a scam
Economy

Bastion Balance Seoul, Korea: Moving Forward

Bastion Balance Seoul, Korea – Moving Forward Due to inflation, there is an increase in the general price level of goods, the exact reverse of deflation. For products (like a piece of bread) and amenities (like having a trim at the barber’s), more cash would have to be paid for. Economic experts routinely calculate inflation […]

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