Posted at 21:55h
in
News
by KMFSLLP
U.S. agencies are probing Wells Fargo &
Co's handling of the Paycheck Protection Program (PPP)
for coronavirus relief, the country's fourth largest lender said
on Tuesday.
...
Posted at 21:46h
in
News
by KMFSLLP
Canadian insurer Sun Life
Financial beat analyst estimates for first-quarter
underlying profit on Tuesday, driven in part by higher investing
activity in Canada and the United States, although its bottom
line was hit by market declines.
Posted at 21:38h
in
News
by KMFSLLP
As the U.S. economy began
crawling out of recession in 2009, policymakers got a rude
surprise: a new round of intensifying problems in Europe
threatened to break up the euro zone currency union and weighed
on hopes of a faster global recovery for years to come.
Posted at 21:38h
in
News
by KMFSLLP
Airbnb Inc is laying off 25% of its
workforce, or nearly 1,900 employees, the home rental startup
said on Tuesday, as the COVID-19 pandemic brings global travel
to a near standstill.
"Airbnb's business has been hit hard, with revenue this year
forecasted to be less than half of what we...
Posted at 21:33h
in
News
by KMFSLLP
Capital One Financial Corp
told staff on Tuesday the bank's offices in the United
States, Canada and the UK will remain closed to all
non-essential staff due to the coronavirus outbreak through at
least Sept. 7.
Posted at 21:30h
in
News
by KMFSLLP
Imperial College professor’s study prompted introduction of social distancing in the UK
...
Posted at 21:12h
in
News
by KMFSLLP
Western Union Co, the
world's largest money transfer firm, expects the second quarter
to be its lowest in 2020 in terms of revenue and profit margins
and is confident of improvement as lockdowns from COVID-19 ease,
its chief financial officer said on Tuesday.
Posted at 21:00h
in
News
by KMFSLLP
Prudential Financial Inc missed
quarterly profit estimates on Tuesday, as market volatility due
to the COVID-19 pandemic hurt the U.S. life insurer's investment
returns and weaker underwriting weighed on insurance units.
...
Posted at 20:34h
in
News
by KMFSLLP
Prudential Financial Inc posted a
25% fall in adjusted quarterly profit on Tuesday, as increased
volatility in financial markets due to the COVID-19 pandemic
hurt the U.S. life insurer's asset management arm.
...
Posted at 20:18h
in
News
by KMFSLLP
Wells Fargo & Co said on Tuesday
it has received inquiries from federal agencies over its loan
offerings under the Paycheck Protection Program (PPP), a federal
coronavirus relief program.
...