Banking

  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 ...

  Frankfurt / AFP Germany’s biggest lender Deutsche Bank will face renewed probing on Thursday, as investors pore over its third-quarter results after being hit with a multi-billion-dollar fine by the US Department of Justice. “It will be important to keep an eye on growth in provisions for legal risks,” Equinet analyst Philipp Haessler said. News of a $14-billion demand ...

  Bloomberg China’s central bank is conducting a trial monitoring of banks’ off-balance-sheet wealth-management products under its macro-prudential assessment system, according to people familiar with the matter. The WMPs will be included in calculating broad-based credit, the people said, asking not to be identified discussing non-public information. Currently, the products aren’t included in the assessment framework, and it’s not clear ...

  Bloomberg Mozambique’s new central bank governor is drawing on three decades of experience at the International Monetary Fund to tame surging inflation in the southern African country. Two months into the job, Rogerio Zandamela stamped his authority on the position at the weekend by hiking the key rate to the highest level in more than a decade, according to ...

  Bloomberg European banks will probably dodge an attempt to force the separation of their investment banking and retail arms after the European Commission’s efforts to broker an agreement between lawmakers appear to have flopped. The European Parliament’s negotiating team failed to make progress on the so-called bank structural reform bill in a meeting with commission Vice President Valdis Dombrovskis ...

  Bloomberg Lloyds Banking Group Plc, Britain’s largest mortgage lender, posted a 15 percent decline in third-quarter profit as it took a 1 billion-pound ($1.2 billion) charge to compensate customers who were wrongly sold loan insurance. The bank’s shares fell as much as 3.8 percent as impairments climbed more than most estimates while an accounting change drove an improvement in ...

  Bloomberg Julius Baer Group Ltd., DBS Group Holdings Ltd. and LGT Bank are considering bids for ABN Amro Group NV’s private-banking business in Asia, people with knowledge of the matter said. The banks have expressed interest in the ABN Amro unit and will study more detailed information on its business, according to the people, who asked not to be ...

  Bloomberg Swedbank AB’s profit jumped 23 percent in the third quarter, exceeding analysts’ expectations, as Sweden’s biggest mortgage lender generated more revenue while keeping impairments in check. Net income in the three months through September reached 4.82 billion kronor ($541 million), compared with 3.93 billion kronor a year earlier, the Stockholm-based bank said on Tuesday. That was well above ...

  MILAN / AP Troubled Italian bank Monte dei Paschi di Siena unveiled on Tuesday a restructuring plan that will include new management, thousands of job cuts, hundreds of branch closings and the disposal of soured loans in a bid to entice investors to inject up to 5 billion euros ($5.5 billion) in new capital. CEO Marco Morelli said the ...