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Goldman's Lloyd Blankfein seems to be making a habit out of trolling Trump

Goldman's Lloyd Blankfein seems to be making a habit out of trolling Trump
Written by Lance Stover on 2017-08-22


Goldman Sachs CEO Lloyd Blankfein appeared to troll President Donald Trump in yet another tweet Monday. "Wish the moon wasn't the only thing casting a shadow across the country," Blankfein tweeted, without mentioning Trump by name. "We got through one, we'll get through the other."The afternoon tweet came less than an hour after the once-in-a-century solar eclipse passed over the east coast, and...(Read More)

UPDATE 1-Chinese banks battle slowing loan growth, default risks loom

UPDATE 1-Chinese banks battle slowing loan growth, default risks loom
Written by Lance Stover on 2017-08-19


* China's top five lenders to start reporting earnings next week* Second half outstanding loan growth seen moderating versus H1* Pressure on margins seen continuing on high funding costs* ICBC, CCB, BoC, Agbank to report H1 results on Aug 30* Bank of Communications (BoCom) to report on Aug 24 (Updates Agbank's date for H1 results in 4th bullet point)BEIJING/SHANGHAI, Aug 18 (Reuters) - Chinese banks...(Read More)

Financial stock surges after Warren Buffett adds it to his big banking bet

Financial stock surges after Warren Buffett adds it to his big banking bet
Written by Lance Stover on 2017-08-16


Warren Buffett's Berkshire Hathaway has invested more money in financial stocks.Berkshire Hathaway reported a 17.5 million share stake in Synchrony Financial, its June quarter 13F filing revealed Monday. The position is worth nearly $520 million using Monday's closing stock price. Synchrony shares rose more than 4 percent midday Tuesday after the news.Synchrony is the largest provider of private-label...(Read More)

UPDATE 1-Monte dei Paschi reports 3.1 bln euro loss as state steps in

UPDATE 1-Monte dei Paschi reports 3.1 bln euro loss as state steps in
Written by Lance Stover on 2017-08-13


* Financial strength ratio (CET1) now stands at 15.4 percent* Writedowns on bad loans had been expected* State's stake in bank now 52.2 percent (Adds details, background)MILAN, Aug 11 (Reuters) - Monte dei Paschi di Siena reported a 3.1 billion euro ($3.7 billion) second-quarter loss after additional writedowns on the bad loans Italy's fourth biggest bank is selling as part of its bailout by the...(Read More)

Who are the doctors who don

Who are the doctors who don't get stressed at work? Check if you have the personality type
Written by Lance Stover on 2017-08-10


This is written by on 6/21/2017.

It is from http://casesblog.blogspot.com.au/.

...(Read More)

UPDATE 2-Commonwealth Bank says 'coding error' explains alleged money-laundering breaches

UPDATE 2-Commonwealth Bank says 'coding error' explains alleged money-laundering breaches
Written by Lance Stover on 2017-08-07


money-laundering breaches@* CBA accused of 53,700 breaches of anti-money laundering rules* ATM 'coding error' caused failure to report transactions -CBA* Other 'serious issues' are unrelated to the coding error -CBA (Adds new CBA statement)SYDNEY, Aug 7 (Reuters) - The Commonwealth Bank of Australia said on Monday a software "coding error" was responsible for the "vast majority" of the anti-money...(Read More)

DBS, Singapore's biggest bank, says its profit rose 8.5% on strong loan growth

DBS, Singapore's biggest bank, says its profit rose 8.5% on strong loan growth
Written by Lance Stover on 2017-08-04


DBS Group Holdings, Singapore's biggest lender, reported an 8.5 percent increase in quarterly profit that came in line with market expectations, boosted by strong loan growth.DBS, the last local bank to post results, said on Friday that net profit was S$1.14 billion ($840 million) in the three months ended June, versus S$1.05 billion a year earlier and an average forecast of S$1.15 billion from five...(Read More)

Transitional Brexit deal crucial for UK banks -senior UK lawmaker

Transitional Brexit deal crucial for UK banks -senior UK lawmaker
Written by Lance Stover on 2017-08-01


LONDON, Aug 1 (Reuters) - Transitional arrangements after leaving the European Union in 2019 will be crucial for protecting the economy and the City of London's global role in finance, a senior British lawmaker said on Tuesday.Nicky Morgan, the new chair of parliament's Treasury Select Committee, has asked the Bank of England's top regulator to say if lenders are ready for a "hard" Brexit if there...(Read More)

One of the biggest banks is making a big renewable energy commitment

One of the biggest banks is making a big renewable energy commitment
Written by Lance Stover on 2017-07-29


JPMorgan Chase will rely solely on renewable energy by 2020, the company announced Friday.To meet its goal, the firm will install on-site renewable energy generators, sign power purchase agreements with renewable energy projects and reduce its energy consumption. The firm has property in more than 60 countries that totals approximately 75 million square feet, according to a press release.The firm...(Read More)





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