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C Nivedita

UPDATE 4-RBC to launch U.S. consumer bank betting on wealthy clients

21 Feb 2020

Feb 21 Royal Bank of Canada plans to open a consumer bank in the United States early next year targeting wealthy clients, with the aim of expanding deposits, its chief financial officer told Reuters on Friday after the bank posted first-quarter profit that beat expectations.

CORRECTED-UPDATE 3-RBC warns of possible lower margins, deals uncertainty after beating estimates

21 Feb 2020

Feb 21 Royal Bank of Canada kicked off Canadian first-quarter bank earnings on Friday by beating analysts' estimates, driven by surprise record profit in capital markets, but executives warned dealmaking could be hit if geopolitical concerns linger.

Morgan Stanley's Gorman charts ambitious course with $13 billion E*Trade deal

21 Feb 2020

Morgan Stanley said on Thursday it would buy discount brokerage E*Trade Financial Corp in a stock deal worth about $13 billion, the biggest acquisition by a Wall Street bank since the 2008-2009 financial crisis. | Video

UPDATE 3-Franklin Resources to buy Legg Mason in union of active management 'believers'

18 Feb 2020

Feb 18 Asset manager Franklin Resources Inc said on Tuesday it would buy rival Legg Mason Inc in a $4.5 billion deal as the two firms known for their stockpicking grapple with investors' embrace of low-cost index tracking funds.

AIG profit beats on stronger underwriting in general insurance unit

13 Feb 2020

Insurer American International Group Inc on Thursday reported a quarterly profit that beat estimates, as the company booked underwriting income in its general insurance business.

Intercontinental Exchange abandons deal talks with eBay

06 Feb 2020

New York Stock Exchange owner Intercontinental Exchange Inc (ICE) said it had decided to stop exploring deal options with eBay Inc , just hours after its chief executive said he would "love" to speak with the e-commerce company.

Drug research firm PPD's shares soar in U.S. market debut

06 Feb 2020

Shares of drug research firm PPD Inc rose 14.8% in their Nasdaq debut on Thursday, marking a stellar stock market entry for the second $1 billion-plus flotation of the year.

Visa sees muted revenue growth in 2020, shares fall 3%

30 Jan 2020

Visa Inc on Thursday fell short of analysts' estimate for first-quarter revenue and said revenue this year would be crimped by incentives it provide to banking clients, sending its shares down nearly 3%.

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