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Secure Trust Bank says loan book continues growth in Q3

Wednesday, 18 Oct 2017

Oct 18 (Reuters) - Secure Trust Bank Plc ::‍PROVIDES A TRADING UPDATE IN RELATION TO Q3​.‍GROUP'S LOAN BOOK HAS CONTINUED TO GROW AND BUSINESS HAS TRADED IN LINE WITH MANAGEMENT EXPECTATIONS DURING Q3​.SECURE TRUST - BELIEVES ‍A MOVE AWAY FROM HIGHER RISK, CONSUMER UNSECURED AND SUB-PRIME MOTOR PRODUCTS REMAINS CORRECT COURSE OF ACTION.SECURE TRUST - ‍BUSINESS FINANCE OPERATIONS MADE PROGRESS IN Q3 WITH EXPOSURE TO LARGE PRIME CENTRAL LONDON HOUSE BUILDING CONTINUING TO REDUCE​.‍GROUP'S CONSUMER FINANCE OPERATIONS ALSO PERFORMED AS EXPECTED​.‍CONTINUES TO SHIFT EMPHASIS OF ITS MOTOR BUSINESS TO LOWER RISK, LOWER MARGIN LENDING​.‍GROUP HAS ALSO MADE CONSIDERABLE PROGRESS DURING PERIOD WITH ITS PREPARATIONS FOR IMPLEMENTATION OF IFRS9​.

Secure Trust Bank says loan book continues growth in Q3

Wednesday, 18 Oct 2017

Oct 18 (Reuters) - Secure Trust Bank Plc ::‍PROVIDES A TRADING UPDATE IN RELATION TO Q3​.‍GROUP'S LOAN BOOK HAS CONTINUED TO GROW AND BUSINESS HAS TRADED IN LINE WITH MANAGEMENT EXPECTATIONS DURING Q3​.SECURE TRUST - BELIEVES ‍A MOVE AWAY FROM HIGHER RISK, CONSUMER UNSECURED AND SUB-PRIME MOTOR PRODUCTS REMAINS CORRECT COURSE OF ACTION.SECURE TRUST - ‍BUSINESS FINANCE OPERATIONS MADE PROGRESS IN Q3 WITH EXPOSURE TO LARGE PRIME CENTRAL LONDON HOUSE BUILDING CONTINUING TO REDUCE​.‍GROUP'S CONSUMER FINANCE OPERATIONS ALSO PERFORMED AS EXPECTED​.‍CONTINUES TO SHIFT EMPHASIS OF ITS MOTOR BUSINESS TO LOWER RISK, LOWER MARGIN LENDING​.‍GROUP HAS ALSO MADE CONSIDERABLE PROGRESS DURING PERIOD WITH ITS PREPARATIONS FOR IMPLEMENTATION OF IFRS9​.

Comerica Inc Q3 income per common share $1.26‍​

Tuesday, 17 Oct 2017

Oct 17 (Reuters) - Comerica Inc :Comerica Inc - qtrly diluted income per common share $1.26‍​.Comerica Inc - qtrly net interest income $‍​546 million versus $450 million last year.Comerica Inc - qtrly provision for credit losses $ 24 million versus $16 million.Comerica Inc - quarter-end common equity tier 1 capital ratio 11.51 ‍​percent versus 10.69 percent last year.Comerica inc - now expect 2019 results will include a benefit of $305 million as a result of gear up initiative.Q3 earnings per share view $1.20 -- Thomson Reuters I/B/E/S.Comerica - excluding restructuring charges, tax benefits from employee stock transactions, adjusted eps $1.27 for third quarter 2017‍​.Comerica inc - "as far as hurricanes in Texas and Florida, credit impact is expected to be manageable"‍​.Comerica Inc - expects Q4 net interest income to reflect lower nonaccrual interest recoveries, partially offset by loan growth‍​.

Marlin announces departure of COO Edward Siciliano

Friday, 13 Oct 2017

Oct 13 (Reuters) - Marlin Business Services Corp :Marlin announces departure of Chief Operating Officer Edward Siciliano.Marlin Business Services - ‍Effective today, Edward Siciliano, executive VP & COO, is stepping down from role.Marlin Business - ‍Siciliano's responsibilities will transition to members of company's senior leadership team and Marlin does not intend to refill COO​.

Bank of America posts qtrly ‍​earnings per share of $0.48‍​‍​

Friday, 13 Oct 2017

Oct 13 (Reuters) - Bank of America Corp ::Bank of America reports q3-17 net income of $5.6 billion.Qtrly ‍​EPS up 17% TO $0.48‍​.Qtrly revenue, net of interest expense, increased 1% to $21.8 billion from $21.6 billion.Q3 earnings per share view $0.45, revenue view $21.98 billion -- Thomson Reuters I/B/E/S.Qtrly provision for credit losses decreased 2% to $834 million from $850 million.Qtrly net interest income (NII) increased $960 million, or 9%, to $11.2 billion.Qtrly net charge-offs increased 1% to $900 million from $888 million.Qtrly estimated CET1 ratio under basel 3 standardized approach on fully phased-in basis 12.2 percent versus 12 percent in q2.Qtrly noninterest income decreased $756 million, or 7%, to $10.7 billion.Qtrly noninterest expense declined $342 million, or 3%, to $13.1 billion ‍​.Bank of America's Moynihan says "revenue across our four lines of business grew 4 percent, even with a challenging comparable quarter for trading".Bank of America CFO says "client activity remained strong across the franchise" in quarter.

JPMorgan Chase & Co Q3 earnings per share $1.76

Thursday, 12 Oct 2017

Oct 12 (Reuters) - JPMorgan Chase & Co ::JPMorgan Chase reports third-quarter 2017 net income of $6.7 billion, or $1.76 per share‍​.Qtrly ‍​ reported revenue of $25.3 billion; managed revenue of $26.2 billion.Qtrly ROTCE 13 percent versus 14 percent in Q2.Qtrly average core loans up 7 pct YOY and 2 pct QOQ.Qtrly tangible book value per share of $54.03, up 5%‍ pct.Quarter-end assets under management were $1.9 trillion, up 10 pct.Qtrly net revenue was $26.2 billion, up 3 pct.Qtrly adjusted expense of $14.4 billion versus $14.4 billion in Q2‍​.Qtrly Consumer & Business Banking average deposits of $646 billion, up 9 pct.Qtrly provision for credit losses was $1.5 billion, up from $1.3 billion in the prior year‍​.Q3 earnings per share view $1.65, revenue view $25.23 billion -- Thomson Reuters I/B/E/S.Basel III Common Equity Tier 1 ratio 12.5 pct at Q3-end versus 12.5 percent at Q2-end.Qtrly Equity Markets revenue was down 4 pct.CEO says "global economy continues to do well and the U.S. consumer remains healthy with solid wage growth"‍​.Qtrly adjusted overhead ratio 55 percent versus 56 percent in Q2.Qtrly mortgage banking net revenue was $1.6 billion, down 17 pct.CEO says "unfortunately, natural disasters in the U.S. and abroad have impacted many of our customers‍"​.CEO says "delivered solid results in a competitive environment this quarter with steady core growth across the platform".

Mega Financial Holding unit Mega International Commercial Bank to close Abu Dhabi branch

Friday, 22 Sep 2017

Sept 22 (Reuters) - Mega Financial Holding Co Ltd <2886.TW> ::* Says its unit Mega International Commercial Bank plans to close Abu Dhabi branch .

Italy's Banca Carige approves cash call of up to 500 mln euros, bad loan sale

Monday, 3 Jul 2017

July 3 (Reuters) - Italian lender Banca Carige says::approves capital increase of up to 500 million euros ($567.90 million).capital increase guaranteed by Credit Suisse <<>> and Deutsche Bank <<>> in roles as joint global coordinators and joint bookrunners.to sell 1.2 billion euros of bad loans.to sell assets worth at least 200 million euros.appoints Andrea Soro as Chief Financial Officer .

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