Prague / Reuters Czech lender GE Money Bank set the pricing range for its initial public share offer, potentially Prague’s biggest in eight years despite the valuation falling below some expectations, and said it would change its name to MONETA Money Bank. GE Money, which is being sold by GE as the US group moves away from financial activities, ...

  Hong Kong / AFP Standard Chartered has announced on Tuesday first quarter profits slumped 64 percent year-on-year as revenue for the period also plunged, following a turbulent 2015 in which the troubled bank announced it would axe thousands of jobs. The Asia-focussed bank said profits for the first three months fell to $539 million from $1.49 billion in the same ...

  New York / AFP Goldman Sachs has officially launched an online bank targetting households and small businesses as it expands from its Wall Street base and aims for the masses. The online-only GS Bank permits consumers to open an account for as little as $1, a big shift for a financial powerhouse that has built itself around serving billionaires and ...