Posted at 11:46h
in
News
by KMFSLLP
Canadian Imperial Bank of Commerce
(CIBC) and TD Bank Group missed quarterly
earnings expectations on Thursday, as they set aside billions to
cover future loan losses due to the COVID-19 outbreak.
...
Posted at 11:42h
in
News
by KMFSLLP
Italy's biggest retail bank Intesa
Sanpaolo has signed an accord with Gucci to ease
financing for the small businesses that supply the Florentine
luxury goods group owned by France's Kering.
...
Posted at 11:40h
in
News
by KMFSLLP
Potential breaches of market
rules have spiked since traders began working from home in
March, drawing scrutiny from regulators and piling pressure on
banks to plug "black holes" in surveillance systems, industry
officials say.
Posted at 11:18h
in
News
by KMFSLLP
Rationale for stopping UK telecoms deal in 2016 was based on ‘several errors’, says court
...
Posted at 11:15h
in
News
by KMFSLLP
Alphabet Inc's Google is
exploring an investment in Vodafone Group Plc's <VOD.L >
struggling India business, the Financial Times reported on
Thursday, citing people familiar with the matter.
...
Posted at 11:02h
in
News
by KMFSLLP
CK Hutchison Holdings
has won its challenge against an EU antitrust decision blocking
its 10.3 billion pound ($12.6 billion) bid to buy O2 UK from
Spain's Telefonica in 2016.
...
Posted at 11:00h
in
News
by KMFSLLP
Sonic Automotive Inc
, which operates 95 U.S. car dealerships, started laying
off and furloughing about a third of its workforce as the
coronavirus pandemic crushed its sales. Then it changed its
executives' pay packages - handing them a multimillion-dollar
windfall.
Posted at 10:58h
in
News
by KMFSLLP
* AKO stake to be put into a blind trust
(Adds quotes, background)
...
Posted at 10:49h
in
News
by KMFSLLP
TD Bank Group reported a 52% fall
in quarterly profit on Thursday, as Canada's second-biggest
lender by market value set aside more money to cover loan losses
due to the COVID-19 pandemic.
...
Posted at 10:48h
in
News
by KMFSLLP
FT analysis of data from 19 countries finds Britain hit hardest, ahead of US, Italy, Spain and Belgium
...