Edition:
United Kingdom

Diptendu Lahiri

Graphic: U.S. banks enjoy benefits of a growing economy, lower taxes

12 Oct 2018

The U.S. banking industry is enjoying the benefits of a growing economy and lower taxes, if the double-digit profit growth posted by three major lenders on Friday is any indication.

U.S. banks enjoy benefits of a growing economy, lower taxes

12 Oct 2018

The U.S. banking industry is enjoying the benefits of a growing economy and lower taxes, if the double-digit profit growth posted by three major lenders on Friday is any indication.

Lithium producer Livent's IPO priced at $17/share: bookrunner

10 Oct 2018

The initial public offering of lithium producer Livent Corp was priced at $17 per share on Wednesday, lead bookrunner Bank of America Merrill Lynch said, below a target range and giving the company a market value of $2.43 billion.

Lilly's Elanco animal health unit's IPO priced at $24/share

19 Sep 2018

The initial public offering of Eli Lilly Co's animal health unit, Elanco, was priced above the expected range at $24 per share on Wednesday, giving the company a market capitalization of $8.55 billion.

LendingClub beats Wall Street estimates but net loss widens

09 Aug 2018

U.S. online lender LendingClub Corp on Tuesday topped Wall Street estimates for quarterly profit, but posted a wider net loss from a year ago as it wrote down the value of one of its units.

AIG quarterly profit falls 17 percent as general insurance business weighs

02 Aug 2018

American International Group Inc on Thursday reported a 17 percent fall in quarterly profit as its general insurance business failed to show improvement, missing analysts' expectations.

Nasdaq's tech focus helps drive 11 percent profit rise

25 Jul 2018

Nasdaq Inc's quarterly profit rose 11 percent, led by contributions from its non-trading operations, which include providing technology and analytics services to other companies, such as cryptocurrency marketplaces, the exchange operator said on Wednesday.

Synovus to buy Florida bank in $2.9 billion deal

24 Jul 2018

Synovus Financial Corp said on Tuesday it would buy a Florida-based bank for $2.9 billion to boost its deposits and become one of the leading lenders in the U.S. Southeast region.

BNY Mellon shares drop on client losses

19 Jul 2018

Bank of New York Mellon Corp's second-quarter outflows more than doubled, as the world's largest custodian bank said it lost two clients and warned that the departures would impact results in the next few quarters.

BlackRock profit rises as ETF demand continues, iShares flows drop

16 Jul 2018

BlackRock Inc, the world's biggest asset manager, reported a better-than-expected quarterly profit on Monday, as client demand for index funds helped plump up margins and the company settled into a lower tax rate.

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