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The net profit of the Italian bank Intesa Sanpaolo grew by 39% year-on-year to €1 billion 250 million in the first quarter, thanks to an increase in net interest income, commission fees and insurance revenue. Analysts had expected the profit to decrease to 890 million euros. Quarterly revenues increased to 4 billion 810 million euros from 4 billion 210 million euros, while the experts had predicted 4.4 billion euros. Net interest income increased by 2.8%. Commission income increased to 2 billion 10 million euros. Revenues of the insurance business reached 294 million euros.
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 ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
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 ...
Major Japanese banks saw record demand for the corporate loans that were offered since April as the COVID-19 pandemic continues to have companies rushing in to build up cash reserves, according to a central bank survey on Friday. The figures ...
KYC Policy