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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
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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
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 […]