Banking

  Bloomberg Royal Bank of Scotland Group Plc reported a surprise jump in pretax earnings on the highest revenue at its investment bank in two years, while pushing out profitability targets on a weaker outlook and looming charges for misconduct. Pretax profit, excluding one-time costs, rose to 1.33 billion pounds ($1.6 billion), beating the 776 million-pound average estimate of seven ...

  Bloomberg A former supervisor working for the Office of the Comptroller of the Currency (OCC) downloaded confidential information on portable computer storage devices that haven’t yet been recovered, the agency said in a statement. Before retirement, the employee downloaded “more than 10,000 records” about the regulator’s activities and some personal information about staff members, the OCC said. The November ...

  Bloomberg Mitsubishi UFJ Financial Group Inc., Japan’s largest bank, is expanding its aviation finance business into the Americas and hired Olivier Trauchessec to lead the push. Trauchessec, who previously worked at BNP Paribas SA, will report to Lance Markowitz, head of leasing and asset finance in the Americas, the bank said in a statement. “The addition of a New ...

  Bloomberg BNP Paribas SA, France’s largest lender, reported third-quarter profit that beat analysts’ estimates as it benefited from a surge in fixed-income trading that has lifted bank earnings in Europe and the U.S. Net income rose 3.3 percent to 1.89 billion euros ($2.06 billion) from 1.83 billion euros a year earlier, the Paris-based bank said. That compares with the ...

  Bloomberg UBS Group AG missed out on a bond-trading bonanza that fuelled third-quarter earnings at rivals as a slump in equities revenue sparked a 68 percent drop in pretax profit at the securities business. Revenue from equities trading fell 16 percent to 797 million Swiss francs ($802 million) from a year earlier, missing the average estimate of four analysts ...

  Frankfurt / AFP Troubled German lender Deutsche Bank reported on Thursday a surprise profit in the third quarter, confounding expectations of further expensive legal pain for the Frankfurt institution. “We continued to make good progress on restructuring the bank,” chief executive John Cryan said in a statement. “The results for the quarter demonstrate well the strengths of our operating ...

  Bloomberg Barclays Plc said profit rose 35 percent in the third quarter as revenue from fixed-income trading surged to the highest in more than two years. Barclays Plc said profit rose 35 percent in the third quarter as revenue from fixed-income trading surged to the highest in more than two years. The results may help Chief Executive Officer Jes ...

  Bloomberg National Australia Bank Ltd., the nation’s third-largest by assets, posted a 4 percent increase in full-year cash earnings on its domestic banking and wealth management businesses. Unaudited cash profit, which excludes one-time items, rose to A$6.48 billion ($4.96 billion) in the year ended Sept. 30, from A$5.84 billion a year earlier, the Melbourne-based lender said on Thursday in ...

  Bloomberg Lloyds Banking Group Plc, Britain’s largest mortgage lender, said it expects to maintain lending margins next year and reassured investors on its outlook for dividends. The bank’s net interest margin should hold steady around 2.7 percent in 2017 even as the Bank of England keeps interest rates at record-low levels, and the firm will generate enough capital to ...

  Bloomberg Nomura Holdings Inc.’s second-quarter profit jumped 31 percent, beating analysts’ estimates as a surge in trading income made up for a slump in brokerage commissions and investment banking. Net income climbed to 61.2 billion yen ($585 million) in the three months ended Sept. 30 from 46.6 billion yen a year earlier, Japan’s largest securities firm said in a ...