American Express Reports Higher Consumer Retail Spending

The credit-card company said consumer retail spending improved in the third quarter, but spending on travel and entertainment remained substantially lower. 


 
Barclays Swings to Profit but Sees Persistent Headwinds

Chief Executive Jes Staley sounded a cautiously optimistic note about the U.K. bank's prospects of rebounding from the coronavirus pandemic after it posted a profit in the third quarter. 


 
Capital One Opens Wallet on Credit Performance

Capital One gave investors one of the most detailed pictures to date of what is happening to consumer debt. That should give investors some comfort about banks, though not as much about the consumer economy. 


 
Chinese Fintech Company Lufax Seeks Up to $2.4 Billion in U.S. IPO

Lufax, a smaller rival to Chinese financial-technology giant Ant Group, is seeking to raise as much as $2.4 billion from an initial public offering in the U.S. 


 
Financial Services Roundup: Market Talk

The latest Market Talks covering Financial Services 


 
Wall Street Profits Soar During First Half of 2020

Wall Street profits jumped 82% in the first half of this year, a rare bright spot for the city and state's pandemic-ravaged budgets. 


 
LSE Revenue Edges Higher

London Stock Exchange posted a 1% rise in third quarter revenue to GBP524 million, with gross profit also increasing, helped by cost cuts. 


 
Nordea Beats on Profit

Nordea Bank posted a forecast-beating third-quarter net profit, boosted by higher lending, lower costs and loan loss reversals and reiterated its full-year targets. 


 
Goldman to Recoup, Cut Executives' Pay After 1MDB Fines

Goldman Sachs is seizing or withholding $174 million from executives including CEO David Solomon after agreeing to a costly settlement to resolve government investigations into its role in a Malaysian bribery scandal. 


 
Australian Financial Regulator Head Steps Aside for Expenses Inquiry

The head of Australia's financial regulator has stepped aside after the government auditor found that relocation expenses related to his move from the U.S. pushed his total remuneration past the maximum permitted.

(END) Dow Jones Newswires

10-23-20 1115ET