Earnings

U.S. retail banking profits surge at Bank of Montreal

02/26/19

Consumer lending margins in the United States strengthened at the Canadian bank, which overall saw more growth in business lending than consumer lines in its fiscal first quarter.

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RBC's results show signs of weakening credit conditions

02/22/19

Royal Bank of Canada reported a 5% increase in quarterly profits, but a sharp increase in its loan-loss provision is raising concerns about credit quality.

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Philadelphia says banks colluded; Goldman’s 1MDB legal woes ‘just beginning’?

02/22/19

City sues seven banks for alleged price fixing on floating-rate bonds; analyst says “the most negative revelations are yet to come” in the 1MDB scandal.

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Bank earnings more than double thanks to tax cut

02/21/19

Banks earned $59.1 billion in the fourth quarter, a 133% year-over-year increase, due to a one-time charge in the year-earlier quarter and a lower effective tax rate throughout 2018.

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French AML ruling has ripples in U.S.; Barclays 4Q boosts Staley

02/21/19

If verdict stands, it could raise ceiling on anti-laundering penalties; better-than-expected results buy Barclays chief more time on current strategy.

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PayPal CEO's lofty digital payments vision; Danske’s troubles grow

02/20/19

Dan Schulman predicts digital payments market may reach $100 trillion; the bank exiting Estonia, Latvia, Lithuania and Russia.

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Could LendingClub return to profitability in second half?

02/19/19

The online consumer lender trimmed its losses in the fourth quarter and says an adjusted, non-GAAP metric suggests it's on the path to getting out of the red later this year.

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Citi plans machine takeover of call centers; Shareholders bail on two foreign banks

02/19/19

CEO Corbat says “thousands” of call center jobs may be lost; Barclays shareholder sells all stock in the bank and Deutsche’s biggest slashes its stake.

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5 questions facing Fannie Mae and Freddie Mac in 2019

02/14/19

The government-sponsored enterprises are going through a transition period. From proposals for rebuilding their capital cushions to tackling shortages in affordable housing, Fannie Mae and Freddie Mac face a number of key challenges with wide-ranging consequences this year.

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BofA boosts Moynihan's pay to record $26.5 million

02/08/19

The CEO earned a 15% pay increase after the company posted record profits.

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