Mastercard's Revenue Hurt by Distancing, Border Restrictions
The credit-card company's revenue for the third quarter fell 14% from a year earlier, hit by a steep drop in cross-border volume.
Bank of Canada Signals Rates to Remain Unchanged For Years, Tweaks Quantitative Easing Program
Canada's central bank left its benchmark overnight interest rate unchanged at 0.25% and said it would likely remain at that level until at least 2023.
Blackstone Earnings Tick Higher as Tech Lifts Portfolio
The firm posted slightly higher net earnings for the third quarter as its focus on tech-related investments helped its private-equity portfolio rise above broader markets.
Root's Plan to Disrupt Auto Insurance Needs More Time to Grow
The rapidly growing auto-insurance technology upstart has to improve its underlying performance to justify a big valuation.
Russia's Vostochny Bank Settles Dispute Tied to Arrested U.S. Businessman
Michael Calvey's Moscow-based private-equity firm Baring Vostok and its partner in Vostochny Bank agreed to withdraw their claims against each other in Russian and foreign courts, a move that could bode well for the American businessman's criminal case.
Vista's Robert Smith Plays Down Co-Founder Brian Sheth's Potential Exit
Vista Equity Partners has reorganized in recent months to reduce its dependence on any one person or strategy, CEO Robert Smith has told investors.
Deutsche Bank Swings to Profit, Lowers Bad-Loan Provisions
The lender returned to a third-quarter profit, beating expectations, as it benefited from a strong performance in investment banking and a faster-than-anticipated recovery in its home market.
The Coronavirus Economy Is a Mixed Bag for Credit-Card Issuers
Consumers are spending money as if the coronavirus recession is over. But they are also paying down old debts and avoiding new ones in case the pandemic lasts a while.
London's Centuries-Old Insurance Market Investigates Its Slavery Role
Lloyd's of London has launched an internal investigation into its role in the trans-Atlantic slave trade in part to determine whether it is on the hook to pay reparations.
Financial Services Roundup: Market Talk
The latest Market Talks covering Financial Services
(END) Dow Jones Newswires
10-28-20 1615ET
