 | | | | National Bank of Canada (NA.TO) beat analysts' second-quarter profit estimates on Friday, driven by higher earnings in its personal and commercial business and a large drop in funds set aside to cover potential loan losses. | | | | | | Morgan Stanley (MS.N) is buying stakes put up for sale by its partner in their China securities and mutual funds joint ventures for about $150 million, according to a statement by the partner, moving towards full ownership of the businesses. | | | | | | Safe-haven assets such as cash and gold funds drew investors during the week to Wednesday, BofA's fund flow statistics showed on Friday, a sign of growing concern over inflation and the potential roll back of central bank stimulus. | | | | | | Morgan Stanley (MS.N)is closing its Indonesian onshore institutional equities trading business, the investment bank said on Thursday in response to queries from Reuters. | | | | | | Morgan Stanley (MS.N) plans to close its Indonesian onshore institutional equities trading business, the investment bank said on Thursday in response to Reuters queries. | | | | | | Credit Suisse (CSGN.S) detailed on Thursday the additional capital buffer imposed by Swiss market watchdog FINMA in relation to the Swiss bank's exposure to collapsed U.S. investment fund Archegos. | | | | | | Progressive firebrand Senator Elizabeth Warren on Wednesday attacked JPMorgan Chase & Co (JPM.N) chief executive Jamie Dimon after the country's largest lender reaped $1.46 billion in overdraft fees during 2020 while borrowers were struggling to make ends meet amid pandemic lockdowns. | | | | | | U.S. bank profits rose 29.1% during the first quarter of 2021 from the previous quarter as banks adjusted expectations for future credit losses downward, a bank regulator said on Wednesday. | | | | | | China's banking regulator has asked lenders to stop selling investment products linked to commodities futures to mom-and-pop buyers, three people with knowledge of the matter told Reuters, to curb investment losses amid volatile commodity prices. | | | | | | Wealth manager St. James's Place (SJP.L) said gross inflows for the five months to May would be around 23% higher year on year, with its clients more confident now than in early 2020 when fears over the pandemic's economic impact hampered sentiment. | | | | | |
