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Diversified Financials Diversified Financial Services

  • SAO PAULO/ BOGOTA, July 21- The busiest week for initial public offerings in Brazil in four years ended on Friday on an upbeat note for issuers, as a nascent economic recovery and the passage of key economic reforms helped to lure global investors. Brazilian stocks and its currency have outperformed Latin American peers in recent weeks as President Michel...

  • DUBAI, July 11- Qatar National Bank, the Gulf's largest lender, reported an almost 3.6 percent increase in second-quarter net profit on Tuesday, above analysts forecasts, helped by a drop in bad debt charges and lower staff costs. The results were the first since Saudi Arabia, the United Arab Emirates, Bahrain and Egypt on June 5 decided to cut diplomatic ties with...

  • Safran Chairman Ross McInnes outlines Paris' potential to take the baton from London to become Europe's international financial hub.

  • KPMG CEO: CEOs optimistic in long-term business environment under Trump

    KPMG CEO Lynne Doughtie discusses a survey that shows CEO confidence for growth in the U.S. economy.

  • Banks not having difficulty at the moment: Dick Bove

    Dick Bove, vice president of equity research at Rafferty Capital Markets, says that companies in the credit card business are among those with the biggest risks.

  • Not seeing massive job moves from City of London: Policy Chairman

    Catherine McGuinness, policy chairman at the City of London, weighs in on the potential for jobs to leave the area after the U.K. exits the European Union.

  • Luxembourg punches above its weight, can profit from Brexit: Pro

    Tom Theobald, deputy CEO at Luxembourg for Finance, explains what the country has to offer international businesses thinking of leaving the U.K.

  • BRUSSELS, June 14- European Union regulators should consider the social impact of winding down banks when they apply new liquidation rules that could affect depositors, retail investors and senior bondholders, a German-Italian joint paper said. The rules have been criticised by Italy, which reached a preliminary deal with the EU this month for an exception so...

  • DUBAI, June 14- Qatar National Bank, the largest bank in the Middle East and Africa, has seen no significant outflows of deposits since a diplomatic rift started between Qatar and certain other Arab countries, it said on Wednesday. Last week, Saudi Arabia, the United Arab Emirates, Bahrain and Egypt decided to cut diplomatic ties with Qatar and impose stringent...

  • NEW YORK, June 9- A rough few months for most U.S. bank stocks has been particularly unkind to regional banks, and thats not likely to change soon as hopes dim for higher long-term interest rates and timely policy relief from Washington. Last year, investors bet heavily that smaller, entirely U.S.-focused banks would benefit most from Donald Trump's promises of...

  • NEW YORK, June 9- A rough few months for most U.S. bank stocks has been particularly unkind to regional banks, and thats not likely to change soon as hopes dim for higher long-term interest rates and timely policy relief from Washington. Last year, investors bet heavily that smaller, entirely U.S.-focused banks would benefit most from Donald Trump's promises of...

  • TORONTO, May 12- Canada's main stock index closed marginally lower on Friday, weighed by alternative lender Home Capital Group Inc after it acknowledged uncertainty about its ability to continue as a going concern, while natural resource stocks lent support. Excavation company Badger Daylighting Ltd ended down 14.3 percent at C $26.20 after reporting...

  • TORONTO, May 12- Canada's main stock index slipped on Friday morning after alternative lender Home Capital Group Inc acknowledged uncertainty about its ability to continue as a going concern. At 10:25 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was down 9.33 points, or 0.06 percent, to 15,541.22. Diversified miner Teck Resources rose 2.3...

  • PARIS, May 10- France's AXA plans to float a minority stake in its life insurance and asset management operations in the United States in the first half of 2018, in order to strengthen its financial position. Gross revenue in life insurance coming from the United States accounted for nearly a quarter of overall results for the activity in 2016, according to...

  • Abu Dhabi Financial Group CEO Jassim Alseddiqi discusses investing in the United Arab Emirates.

  • FRANKFURT, April 26- Deutsche Boerse delivered a sharp rise in net profit in the first quarter and said it would buy back shares as it sought to appease disgruntled investors following its failed merger attempt with London Stock Exchange Group. "Thanks to our diversified business model and effective cost management we were able to compensate low equity market...

  • LONDON, April 7- Bank of England Governor Mark Carney called on Friday for Britain and the European Union to agree to recognise each others' bank rules after Brexit, to avoid a damaging hit to financial services across Europe. Below are excerpts of the speech given by Carney at Thomson Reuters in London. For a full text of the speech:...

  • TOKYO, April 1- The new head of Japan's Sumitomo Mitsui Banking Corp said it is "actively studying" an acquisition of a U.S. bank, as part of efforts to seek a reliable dollar funding source for future growth. "As we expand globally, a diversified and stable source of the world's largest hard currency is extremely important," Makoto Takashima, who was promoted from...

  • JOHANNESBURG, March 31- Brian Joffe, the founder of South Africa's Bidvest, will list a 2 billion rand investment firm, Long4Life, on the Johannesburg Securities Exchange next week, the firm said in a pre-listing statement on Friday. Joffe will provide 100 million rand of the capital himself and institutional investors will subscribe for the rest before listing...

  • *NBG earns 53 mln euros in 2016, cuts NPEs by 2.8 bln euros. ATHENS, March 30- Greek banks Alpha and National returned to profitability last year, aiming to stay the course in 2017 and further reduce their huge stock of bad loans. Alpha Bank, Greece's fourth-largest lender by assets, made a profit for the second straight quarter in the final three months of the year, as...