United Kingdom

Aparajita Saxena

Scotiabank misses on profit as costs rise, Bank of Montreal beats

26 Feb 2019

Bank of Nova Scotia, Canada's third-biggest lender, reported a lower-than-expected quarterly profit on Tuesday, as higher expenses and provisions for bad loans ate into gains from international banking and wealth management.

OnDeck fourth-quarter profit tops view on record loan growth, shares jump

12 Feb 2019

OnDeck Capital Inc on Tuesday reported fourth-quarter profit that beat analysts' estimates as the online lender issued more loans and earned more interest income.

BB&T to buy SunTrust in biggest U.S. bank deal in a decade

08 Feb 2019

A more permissive regulatory environment culminated on Thursday in the biggest bank merger since the 2007-2009 financial crisis, and more deals are likely, analysts and investors said. | Video

Lazard trounces profit estimates on strength in M&A advisory

05 Feb 2019

Financial adviser Lazard Ltd topped analysts' estimates for quarterly profit on Tuesday, buoyed by strong performance in its M&A advisory business, and said it expected further improvement in deal-making activity in 2019.

Cryptocurrency firm Robinhood wins New York trading license

24 Jan 2019

New York on Thursday gave approval to commission-free startup Robinhood to trade in seven cryptocurrencies, including bitcoin, ether, bitcoin cash and litecoin, on its online platform.

Volatile market hits Morgan Stanley's trading, wealth management

17 Jan 2019

Morgan Stanley's quarterly profit fell short of expectations as bond trading revenue slumped more than rivals and its wealth management business faltered, sending its shares down 4.4 percent. | Video

Goldman dealmakers shine in Solomon's maiden quarter

16 Jan 2019

Goldman Sachs Group Inc turned in a better-than-expected profit during David Solomon's first quarter at the helm, helped by dealmakers in the division the new chief executive once oversaw. | Video

As loans and revenue shrink, Wells Fargo leans on cost cuts

15 Jan 2019

Wells Fargo & Co's loan book shrank and revenue fell across all its major businesses last quarter, as the fourth-largest U.S. lender continued to work through the consequences of wayward sales practices at its consumer bank.

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