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News

14 Jan UK inflation slips to three-year low

Posted at 12:45h in News by KMFSLLP 0 Comments

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Weaker than expected reading adds to pressure on Bank of England for fresh rate cut

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14 Jan Goldman Sachs profit falls on investment banking weakness, higher costs

Posted at 12:33h in News by KMFSLLP 0 Comments

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Goldman Sachs Group Inc reported a 26% drop in quarterly profit on Wednesday, hurt by weakness in its investment banking business and higher operating costs.

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14 Jan Puerto Rico to be given access to $8.2 bln in blocked disaster aid funding -Politico

Posted at 12:26h in News by KMFSLLP 0 Comments

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Puerto Rico will be allowed access to $8.2 billion in blocked disaster aid funding by the U.S. Department of Housing and Urban Development (HUD), Politico reported https://politi.co/2FPxFb3 on Wednesday, citing people familiar with the matter.

14 Jan Oman’s new sultan faces ‘balancing act’ as credit crunch looms

Posted at 12:24h in News by KMFSLLP 0 Comments

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Holders of more than $20 billion of Oman's dollar bonds want the new sultan to push through urgent reforms to ward off a credit crunch in the Gulf's worst performing economy.

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14 Jan UPDATE 1-Spain’s Banco Sabadell hires IBM for 1 billion euro IT upgrade

Posted at 12:17h in News by KMFSLLP 0 Comments

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Spain's Banco Sabadell has hired IBM for a 1 billion euro ($1.11 billion) overhaul of its IT systems over the next ten years, Miguel Montes, the bank's director of operations and people, said on Wednesday.

14 Jan Lebanon house speaker says work underway to protect bank deposits -MP

Posted at 12:15h in News by KMFSLLP 0 Comments

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Lebanese MP Ali Bazzi, citing the country's parliament speaker, said on Wednesday that work was underway to protect bank deposits amid a financial crisis that has shaken confidence in the country's banks.

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14 Jan UPDATE 1-PNC Financial quarterly profit beats on higher loan growth

Posted at 12:13h in News by KMFSLLP 0 Comments

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PNC Financial Services Group Inc on Wednesday posted a better-than-expected fourth-quarter profit, driven by growth in its loan book.

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14 Jan Bailed-out Monte dei Paschi taps bond market with 400 mln euro issue

Posted at 12:07h in News by KMFSLLP 0 Comments

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Italian bank Monte dei Paschi launched a 400 million euro ($446 million) bond issue on Wednesday, fulfilling commitments under its bailout agreement and coming after Moody's acknowledged the lender's progress on restructuring.

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14 Jan PNC Financial fourth-quarter profit rises 2%

Posted at 11:54h in News by KMFSLLP 0 Comments

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U.S. regional bank PNC Financial Services Group Inc posted a 2.2% rise in fourth-quarter profit on Wednesday, helped by growth in its loan portfolio.

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14 Jan UPDATE 1-BlackRock profit beats as exchange-traded funds boom

Posted at 11:54h in News by KMFSLLP 0 Comments

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BlackRock Inc, the world's largest asset manager, beat analysts' estimates for quarterly profit on Wednesday, as more money rolled into its cash management business and exchange-traded funds amid concerns of slowing global growth.

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News

14 Jan UK inflation slips to three-year low

14 Jan Goldman Sachs profit falls on investment banking weakness, higher costs

14 Jan Puerto Rico to be given access to $8.2 bln in blocked disaster aid funding -Politico

14 Jan Oman’s new sultan faces ‘balancing act’ as credit crunch looms

14 Jan UPDATE 1-Spain’s Banco Sabadell hires IBM for 1 billion euro IT upgrade

14 Jan Lebanon house speaker says work underway to protect bank deposits -MP

14 Jan UPDATE 1-PNC Financial quarterly profit beats on higher loan growth

14 Jan Bailed-out Monte dei Paschi taps bond market with 400 mln euro issue

14 Jan PNC Financial fourth-quarter profit rises 2%

14 Jan UPDATE 1-BlackRock profit beats as exchange-traded funds boom

KM Financial Solutions LLP

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