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Banks use mobile apps to go after customers

Bloomberg Banks are going even more mobile. US Bancorp this week was the latest to say it will build a nationally available checking-account product as lenders introduce mobile offerings that let consumers do their full banking without a branch. The move follows similar announcements by some of the country’s largest banks including JPMorgan Chase & Co., Citigroup Inc. and PNC ...

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Nordea profit tops estimates in Q2

Bloomberg The Nordic region’s biggest bank reported profit in the second quarter that exceeded market estimates, and committed to a forecast that it will make more money in 2018 than it did last year. Nordea Bank AB saw net income grow to 1.09 billion euros, just beating the 1.05 billion-euro estimate in a Bloomberg survey of analysts, according to a ...

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Citigroup ‘hiring’ for Japan brokerage push

Bloomberg Citigroup Inc. is expanding its Japan prime brokerage business serving global hedge funds by hiring four people from rivals including Deutsche Bank AG. Two of the recruits will take up newly created positions, division head Toshikatsu Furumi said in an interview. They are Thomas Morrison, who will join from Deutsche Bank in September as head of financial resource management, ...

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