Carlyle Earnings Climb on Strong Growth in U.S., Asia

Carlyle Group's third-quarter earnings jumped as the value of investments in some of the firm's U.S. and Asia buyout funds posted strong appreciation. 


 
Credit Suisse Targets Share Buybacks, Higher Dividend

Swiss lender Credit Suisse Group said it plans to start buying back shares and raise its dividend, as investment activity by wealthy clients helped buoy its third-quarter earnings. 


 
Lloyds 3Q Beat Views on Pretax Profit, Net Income, Impairments

Lloyds reported a significant rise in profit for the third quarter of the year, beating market views on net income and impairments for the period. 


 
BOJ Stands Pat, Says Japan's Economy Recovering Gradually

The Bank of Japan kept monetary policy unchanged and maintained its view that the Japanese economy is gradually recovering from the impact of the coronavirus pandemic. 


 
Standard Chartered's Pretax Underlying Profit Falls 40%

Standard Chartered's third-quarter pretax underlying profit slumped 40%, as credit impairments continued to rise sharply due to the pandemic, albeit at a slower pace than in previous quarters. 


 
Green-Energy Companies Hope for Renewal of Tax Credit, National Plan After Election

Chief financial officers in the clean-energy sector are eyeing the possibility of an economic boost under a Democratic victory. 


 
Mastercard, Visa Revenue Hurt by Distancing, Border Restrictions

Credit-card companies Mastercard and Visa reported double-digit declines in their revenue Wednesday, as the pandemic continued to weigh on results. 


 
Root's IPO Is a Windfall for Drive Capital, Ribbit, Other VCs

At the initial price, Drive Capital's stake in Root stands at about $1.46 billion. It is the first IPO for a portfolio company of Columbus, Ohio-based Drive. 


 
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. 


 
SEC Shelves Measure to Protect Investors in Leveraged ETFs

The Securities and Exchange Commission is concerned that investors may not understand the risks of some exchange-traded funds. But it put off a provision to protect individual investors, saying it needed further study.

(END) Dow Jones Newswires

10-29-20 0715ET