Banking and finance

(Reuters) – Morgan Stanley's profit rose in the first quarter on a resurgence in investment banking. The Wall Street bank on Tuesday reported net income of $3.4 billion, or $2.02 a share, in the three months ended March 31. That compares with $3 billion, or $1.70 per share, a year earlier. (Reporting by Manya Saini […]

Sopra Banking Software (SBS), the global financial technology company trusted by more than 1,500 financial institutions to digitally transform the way they work, today announced the availability of its cloud-based instant payments solution. The technology enables banks and financial institutions to secure instant payments for consumers anytime, anywhere. The Sopra Banking Platform (SBP) Instant Payments […]

Author: Vijay Manoharan, CEO of CIMB Bank Philippines In my dual role as the head of a digital-only commercial bank and as a banking customer myself, I take great pride in playing my part in leading CIMB in reshaping local banking: from before Opening doors to financial services for underprivileged Filipinos. Yet, amid our progress, […]

Young couple meeting a banker. getty According to a recent study FDIC studyMore than 5.9 million American households do not have a bank account – and a disproportionate number of them are Black and African American, Hispanic, and Native American/Alaska Native. The reasons for this are different. The most common reason cited was that they […]

Blakely Financial Group LLC acquired Columbia Banking System, Inc. Decreased its stake in the shares of.NASDAQ:KOLB , free report) increased 7.3% during the fourth quarter, according to the most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,064 shares of the financial services provider's stock after selling 1,343 […]

Raymond James Financial Services Advisors Inc. Columbia Banking System, Inc. increased my position in (NASDAQ:KOLB , free report) increased 18.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owns 55,708 shares of the financial services provider's stock after buying […]

Winhorse/iStock via Getty Images Unpublished Citigroup (NYSE:C) store 1.1% increase The bank's GAAP earnings beat average analyst estimates in Friday premarket trading as the bank's personal banking, commercial banking, markets and services segments contributed solid Q/Q profits. Q4 comes after beat bank It said it has completed its comprehensive restructuring and has made progress in […]

The Board of Directors of Societe Generale, which met on 10 April 2024 under the chairmanship of Lorenzo Bini Smaghi, has approved the signing of an agreement. Memorandum of understanding With Groupe BPCE for the divestiture of professional equipment financing businesses operated by Société Generale Equipment Finance (SGEF)*. Group BPCE will acquire most of the […]

According to a news release, the Lorraine Port and Finance Authority will continue to lead the way. Brad Mullins will continue to serve as chairman of the board of directors of the Lorraine Port and Finance Authority and Carl Nielsen will remain vice chairman, the release said. According to the release, a president and vice […]