Wells Fargo & Co reported a higher quarterly profit on Friday, as stabilizing credit costs helped offset the hit from low-interest rates meant to prop up the ailing economy during the COVID-19 pandemic.
NEW YORK: Citigroup Inc says earnings for the fourth quarter of 2020 fell 7 per cent to US$4.63 billion. The New York-based bank said it had earnings of US$2.08 per share, down from US$2.15 per share a year earlier. Earnings, adjusted to account for discontinued operations, were US$2.07 per share...
The U.S Securities and Exchange Commission has launched an investigation into Exxon, following a whistleblower complaint that the oil major overvalued a key asset in Texas' Permian Basin, the Wall street Journal reported on Friday.
US retail sales declined further in December as renewed measures to slow the spread of COVID-19 undercut spending at restaurants and reduced traffic to shopping malls, the latest sign the economy lost considerable speed at the end of 2020.
PepsiCo Inc said on Friday it would suspend political donations, joining a long list of companies that are re-evaluating or halting political donations following a move to challenge U.S. President-elect Joe Biden's victory.
Wells Fargo & Co reported a higher quarterly profit on Friday, as stabilizing credit costs helped offset the hit from low-interest rates meant to prop up the ailing economy during the COVID-19 pandemic.
JPMorgan's profits jump as economy, investment bank recovers
REUTERS: JPMorgan Chase & Co reported a higher fourth-quarter profit on Friday, as strength in trading and investment banking offset the drag of low borrowing rates on interest income at the largest U.S. bank's lending business. Net income rose to US$12.1 billion, or US$3.79 per share, in the ......
SINGAPORE: A new concept store opening at the end of this month will take over two floors of retail space vacated by Robinsons at Raffles City Shopping Mall. One Assembly, a “creative collaboration” with department store BHG, will feature beauty, fashion, home and living offerings at Level 1 and 2 ......
BMW said on Friday that it aims to double its sales of fully-electric vehicles this year as the German carmaker and rivals race to release new models to comply with CO2 emissions targets and chase market leader Tesla Inc.
