Bloomberg Nykredit Realkredit A/S, the largest lender operating in the world’s biggest market for mortgage-backed covered bonds, reported a 56 percent jump in profit last quarter after management cut costs and revenue increased. The Copenhagen-based lender said net profit excluding minorities rose to 1.87 billion kroner ($269 million) in the fourth quarter from 1.2 billion kroner a year earlier, ...

  Bloomberg Societe Generale SA reported fourth-quarter profit that exceeded estimates, helped by a surprise jump in earnings from French consumer banking. The lender announced plans for an initial public offering of its car-leasing business. Net income was 390 million euros ($417 million), down 41 percent from a year earlier but above the 315 million-euro average estimate of seven analysts ...

  Bloomberg When our robot overlords arrive, will they decide to kill us or cooperate with us? New research from DeepMind, Alphabet Inc.’s London-based artificial intelligence unit could ultimately shed light on this fundamental question. They have been investigating the conditions in which reward-optimizing beings, whether human or robot, would chose to cooperate, rather than compete. The answer could have ...