Canadian Imperial Bank of Commerce on Thursday beat analysts' estimates for third-quarter profit, which declined from a year earlier as higher expenses and provisions for credit losses outweighed strong lending growth, and as capital markets earnings fell.
Wall Street giant Citigroup Inc will close its consumer and commercial banking businesses in Russia starting this quarter and expects to incur about $170 million in charges over the next 18 months as a result, the company said on Thursday.
Toronto-Dominion Bank and Canadian Imperial Bank of Commerce on Thursday posted better-than-expected third-quarter profits lifted by higher revenues as lending grew strongly.
The Bank of Japan must maintain massive monetary stimulus and its dovish policy guidance until wages show clearer signs of increasing, one of its board members said, reinforcing the central bank's outlier status in a global wave of monetary tightening.
Royal Bank of Canada (RBC) on Wednesday missed analyst estimates for third-quarter profit, while National Bank of Canada did slightly better than expected, as the former's capital markets business weighed on earnings while the latter's helped lift them.
TCS Group Holding's first-half net profit dropped to a five-year low, hit by higher funding costs and conservative provisioning, the owner of Russian online bank Tinkoff said on Wednesday.
Payments giant Visa Inc said on Wednesday it has issued over 4 billion network tokens worldwide through its security technology Visa Token Service (VTS), outpacing the total number of its physical cards in circulation.
Russia's central bank said on Wednesday that its business climate index remained in the positive range for the second month running in August, with future expectations improving as businesses see overall risks easing and growth in costs slowing.
The Reserve Bank of India on Wednesday lifted curbs imposed on American Express last year that had prevented it from taking on new customers in India, saying the U.S. credit card giant had shown "satisfactory compliance" on data storage rules.
