Doorstep lender's share soar on news of rescue deal
Doorstep lender's share soar on news of rescue deal
Provident Financial settled one of the regulatory probes that has hobbled the UK subprime lender since last summer, driving the shares up the most in almost 29 years.
Irish Independent
Irish Independent
StanChart's Winters Restores Dividend But Revenue Issues Remain
StanChart's Winters Restores Dividend But Revenue Issues Remain
Bill Winters paid his first dividend as chief executive officer of Standard Chartered Plc, restoring the bank to growth after a chastening four-year slump. To stand a chance of hitting his targets, he needs to redouble his efforts.
Bloomberg
Bloomberg
Stricter Auto Loans Mean Healthy Lenders But Bigger Down Payments
Stricter Auto Loans Mean Healthy Lenders But Bigger Down Payments
Auto lenders have tightened up on making new auto loans. In the long run a healthy auto finance industry is good for everyone, but in the short run the net effect on consumers looking for a loan is: bring money.
Forbes
Forbes
GE Tumbles Again as Past Missteps Overshadow New-Look Board
General Electric Co. dropped again as investors spurned Chief Executive Officer John Flannery’s latest charm offensive.
Bloomberg
Bloomberg
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Big Short's Eisman Says U.S. Bank Outlook Is Best Since 1990s
Steve Eisman, the Neuberger Berman Group fund manager who featured in Michael Lewis’s book “The Big Short,” is bullish on U.S. banks.
Bloomberg
Bloomberg
JPMorgan Expects New Profit Record With Help From Trump, the Fed
JPMorgan Chase & Co. is the most profitable bank in U.S. history. It expects to keep that title with help from the Fed and Donald Trump.
Bloomberg
Bloomberg