Edition:
India

Imani Moise

Bank of America trims net interest income guidance

18 Jul 2019

Bank of America Corp lowered its annual net interest income guidance on Wednesday to reflect a weakened interest rate environment as the second-largest U.S. lender reported higher-than expected earnings fuelled by strong consumer trends.

Wells Fargo tempers cost-cutting outlook

16 Jul 2019

Wells Fargo & Co reported higher quarterly earnings on Tuesday, due in part to lower expenses, but the bank reined in its outlook for cost cuts to invest in improving its risk management.

Big banks beat profit expectations but warning signs grow

16 Jul 2019

Three big U.S. banks reported strong earnings on Tuesday even as warning signs emerged that the playing field is beginning to tilt against the financial industry. | Video

REFILE-WRAPUP 1-Big banks beat profit expectations but warning signs grow

16 Jul 2019

July 16 Three big U.S. banks reported strong earnings on Tuesday, even as warning signs emerged that the playing field is beginning to tilt against the financial industry.

Citigroup profit beats estimates on gains in consumer lending

16 Jul 2019

Citigroup Inc topped expectations for quarterly profit on Monday as a tight lid on costs and strength in consumer lending helped the third-largest U.S. bank counter weakness in its trading business. | Video

BNP Paribas backs away from U.S. private prison industry

14 Jul 2019

NEW YORK France's BNP Paribas SA on Friday said it will no longer finance U.S. private prison operators, the first foreign bank to distance itself from a sector shunned by domestic peers amid controversy over Trump administration detention policies.

BNP Paribas backs away from U.S. private prison industry

13 Jul 2019

NEW YORK, July 12 France's BNP Paribas SA on Friday said it will no longer finance U.S. private prison operators, the first foreign bank to distance itself from a sector shunned by domestic peers amid controversy over Trump administration detention policies.

Expectations are low for bank earnings but investors say 'buy'

12 Jul 2019

Low interest rates and weak trading volume have pushed down Wall Street's second-quarter estimates for the biggest U.S. banks, yet investors still say they want in on the sector.

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