Edition:
United Kingdom

Bharath ManjeshR

Prudential buys Assurance IQ for $2.35 billion in new tech bet

05 Sep 2019

Prudential Financial Inc is set to buy online insurance startup Assurance IQ Inc for $2.35 billion, the latest in a series of moves by traditional insurers to up investment in technology and data crunching by buying Silicon Valley startups.

TD Bank profit rises on U.S. retail, wholesale banking growth

29 Aug 2019

TD Bank Group , Canada's second-biggest lender by market value, said third-quarter profit rose as growth in its U.S. retail business outweighed higher loan-loss provisions and subdued margins that have also hit rivals.

UPDATE 3-Royal Bank of Canada profit rises as Canada business posts surprise growth

21 Aug 2019

Aug 21 Royal Bank of Canada on Wednesday reported an increase in third-quarter profit as its personal and commercial banking earnings grew, and its domestic business posted a surprise 8% gain, although that was partly offset by weakness in its capital markets division.

AIG profit beats on strong underwriting, investment income

07 Aug 2019

Insurer American International Group Inc beat Wall Street estimates for quarterly profit on Wednesday, boosted by improved underwriting in general insurance business and higher investment income, sending its shares up 3% in extended trading.

MetLife quarterly profit doubles on derivative gains

31 Jul 2019

U.S. insurer MetLife Inc on Wednesday reported quarterly profit that doubled from a year ago, boosted by strong derivative gains.

AmEx warns of higher costs as it boosts rewards program, shares fall

19 Jul 2019

American Express Co warned of higher operating costs this year as the credit card issuer spends heavily on rewards programs to attract customers in an increasingly crowded market, sending its shares down 2.5% on Friday.

Luxury online reseller The RealReal files for IPO

31 May 2019

U.S. online luxury reseller The RealReal Inc on Friday filed for an initial public offering with the U.S. securities regulator.

Scotiabank misses profit on higher provisions, flags slow mortgage growth

28 May 2019

Bank of Nova Scotia, Canada's third-biggest lender, on Tuesday missed analysts' estimates for second-quarter profit and forecast low-single-digit growth in mortgages this year, citing a slow start to the domestic housing market.

Canada's RBC, TD Bank raise bad debt provisions as slowing economy bites

23 May 2019

Royal Bank of Canada and Toronto-Dominion Bank, Canada's two largest lenders, beat analysts' estimates for quarterly profit on Thursday as strong loan growth boosted interest income, but a spike in provisions for soured loans spooked investors.

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