HSBC Shares Jump on Lower Bad-Loan Provisions
Shares in HSBC rose after the bank took fewer provisions for bad loans in the third quarter and said it might pay a "conservative" dividend, the latest global bank to strike a cautiously optimistic note on a recovery.
Lenders Cracking Down on Delinquent Mall Owners
As many landlords struggle amid the pandemic and miss payments, some banks and other lenders think it is time to start cracking down on delinquent mall owners.
Global Banks in Hong Kong Breathe Easier Over U.S. Sanctions
U.S. sanctions over Hong Kong are likely to pose fewer headaches for international banks operating in the financial hub than first feared, lawyers say.
Santander Plans Deeper Cost Cuts
Santander said it would cut an additional EUR1 billion in costs from its European operations in the next two years after reporting an above-forecast net profit of EUR1.75 billion in the third quarter.
Your Holiday Present's Arrival Could Depend on These Fund Managers
Pain at the shopping mall is throwing up a moneymaking opportunity for fund managers. For the bet to pay off, retailers on the edge of going bust must actually survive.
U.S. Election Adds to Turkish Lira's Bumpy Ride
Traders already wary of Turkish assets are concerned that a victory for Joe Biden in the U.S. presidential election could increase the chance of sanctions against Turkey.
Financial Services Roundup: Market Talk
The latest Market Talks covering Financial Services
Blackstone Raises $8 Billion for Second Long-Life Fund
Blackstone collected the pool during the early days of the coronavirus pandemic, which slowed fundraising across the industry. Calpers, however, provided a $1 billion boost to the fund in March.
Global Insurer AIG to Divest Life-Insurance Business
Current President Peter Zaffino will run the insurer as CEO starting March 1, while current Chief Executive Brian Duperreault will become executive chairman, the latest moves at a firm that in recent years has faced shareholder activists.
JPMorgan Currency Deal Highlights Finance's Green Shift
Green finance is making tracks into foreign-exchange markets, with JPMorgan arranging a type of currency derivative for Italy's Enel that is linked to both companies' sustainability targets.
(END) Dow Jones Newswires
10-27-20 1115ET