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Following the results of 2018, the largest British mortgage bank, Lloyds Banking Group, realized a net profit of 4,400,000 pounds sterling. Over the year, the figure increased by 24%, but turned out to be lower than the forecast of 4,600,000 pounds. Despite the fact that the profit did not reach the forecast of experts, the bank announced that it would pay dividends for the last year in the amount of approximately 4 billion pounds, or 3.21 pence per share. The bank also announced the start of a share buy-back program in the amount of 1, 750 billion pounds. According to finversia.ru, the management of the bank is optimistic about the prospects for the British economy, despite the upcoming Brexit.
The Bank of England will announce next week how quickly it expects the economy to recover from the coronavirus pandemic, but it is unlikely to add to the 100 billion pounds of the fiscal package it released in June. Britain’s economy ...
The self-driving car company Waymo LLC and Fiat Chrysler Automobiles NV (FCHA.MI) signed a partnership deal on Wednesday to fully develop self-driving cars, pickups, and SUVs. Waymo, an Alphabet Inc. (GOOGL.O) unit, and Fiat Chrysler said ...
The Securities and Exchange Commission (SEC) announced on Monday that UBS Financial Services Inc. (UBSG) would pay more than $10 Million to resolve charges regarding certain municipal bond offerings. UBS has agreed to pay the fine after SEC ...
Oil prices steadied on Tuesday, stuck in narrow ranges as investors pinned hopes on fuel demand recovery amid renewed lockdowns due to rising coronavirus cases. Prices were supported by positive news on vaccine development as medical institutions ...
On Monday, U.S. international banking giant Goldman Sachs (G.S.) said that it would resume negotiations with the Malaysian government this week to hammer out a multi-billion dollar financial settlement lost in a scandal at sovereign fund 1Malaysian ...
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