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United Kingdom

Aparajita Saxena

Goldman CEO 'personally outraged' by Malaysia's 1MDB corruption scandal

15 Nov 2018

Goldman Sachs Group Inc Chief Executive Officer David Solomon has told employees he is "personally outraged" that any of the bank's officials would take the actions laid out in U.S. government charges of fraud involving Malaysia's state controlled investment bank, 1MDB.

Square beats profit estimates, shares fall on weak forecast

07 Nov 2018

Payments company Square Inc on Wednesday forecast fourth-quarter adjusted profit below Wall Street estimates and its shares fell nearly 4 percent in after-hours trading.

LendingClub profit beats estimates on record loan originations

06 Nov 2018

Online lender LendingClub Corp reported an adjusted third-quarter profit that edged past analysts' estimates and raised its full-year earnings forecast on Tuesday, helped by record loan originations and higher transaction fees.

Mastercard shares slide as quality of revenue growth disappoints

30 Oct 2018

Mastercard's shares reversed course to fall sharply in afternoon trading on Tuesday as investors worried the company's third-quarter revenue growth was largely being driven by rebates and incentives and not by transaction volumes.

Trian calls for PPG Industries CEO ouster, wants to split company

25 Oct 2018

Activist hedge fund Trian Fund Management said on Thursday that it wants to replace PPG Industries' chief executive with his predecessor and suggested that the U.S. paints and coatings company be broken up.

Lazard CEO says financial advisory business looks better in second half

25 Oct 2018

Oct 25 Lazard Ltd expects its financial advisory business to post better results in the second half of 2018 from a year earlier, company chief executive told Reuters on Thursday.

Shares of PayPal jump after quarterly results highlight Venmo success

19 Oct 2018

Shares of U.S. payments processor PayPal Holdings Inc rose 10 percent on Friday, a day after the company reported better-than-expected profit as it added new customers and processed a huge amount of payments.

Goldman Sachs will slow consumer loan growth if market falters

16 Oct 2018

Goldman Sachs will limit loan growth in one of its new business areas if it sees a marked deterioration in credit quality, potentially jeopardizing new Chief Executive David Solomon's task of boosting revenue by $5 billion by 2020.

Equity trading strength boosts profits at Morgan Stanley, Goldman

16 Oct 2018

Wall Street's top investment banks reported better-than-expected quarterly profits on Tuesday, helped by strength in stock trading and equity underwriting, wrapping up what has been a strong quarter for the big U.S. banks. | Video

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