Financial


 Blackstone Swings to Record Profit in Q1’21

Blackstone Swings to Record Profit in Q1’21

April 23, 2021 11:04 AM AEST | By Team Kalkine Media

Summary The investment company posted a profit of US$1.75 billion against a loss of US$1.07 billion in the year-ago period. Total revenue during t...

 Citigroup to Exit Consumer Business Franchises in 13 Asia, EMEA Markets

Citigroup to Exit Consumer Business Franchises in 13 Asia, EMEA Mark...

April 16, 2021 10:32 PM AEST | By Team Kalkine Media

Source: Freedomz, Shutterstock Summary Citi CEO said the 13 markets have an excellent business but do not have the scale to compete. Citi will...

 JP Morgan, Goldman Sachs, Wells Fargo Report Strong Q1’21 Earnings

JP Morgan, Goldman Sachs, Wells Fargo Report Strong Q1’21 Earnings

April 16, 2021 12:00 AM AEST | By Team Kalkine Media

Source: Freedomz, Shutterstock Summary JP Morgan posted 399 percent year over year growth in its first quarter net income Wells Fargo’s n...

 Banking Outage Hits Wells Fargo Customers Amid Stimulus Payment

Banking Outage Hits Wells Fargo Customers Amid Stimulus Payment

March 20, 2021 01:27 PM AEDT | By Team Kalkine Media

Source:GH Studio, Shutterstock Summary Some 150,000 checks, worth about US$442 million, were disbursed in the latest round. Banks to make 90 mi...

 SoftBank Net Profit Swells to USD11 Billion as Vision Fund Rallies

SoftBank Net Profit Swells to USD11 Billion as Vision Fund Rallies

February 10, 2021 06:24 AM AEDT | By Team Kalkine Media

Source:13_Phunkod, Shutterstock Summary SoftBank’s Vision Fund has invested in more than 160 companies across different geographies. The...

 A sneak peek at mega cap US banks

A sneak peek at mega cap US banks

January 30, 2021 04:29 AM AEDT | By Team Kalkine Media

d continue provided that the US economy improve over the near term. The US mega cap banks have closed the 2020 books with elan, having largely pe...

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