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UniCredit reports six-fold increase in Q3 net profit

Bloomberg UniCredit SpA, Italy’s biggest bank, reported a six-fold jump in third-quarter profit, driven by the sale of its Pioneer Global Asset Management unit. Net income rose to 2.82 billion euros in the three months through September from 447 million euros a year earlier, the Milan-based bank said in statement on Tuesday. Revenue fell 3.9 percent to 4.65 billion euros ...

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BOJ may lower inflation outlook

Bloomberg The Bank of Japan (BOJ) is considering a small cut to its inflation projection for this year in a quarterly report to be released next week, according to people familiar with the central bank’s discussions. The BOJ may lower its forecast for core inflation from 1.1 percent for the fiscal year ending in March 2018, said the people, who ...

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Irish bankers tarnished again as mortgage scandal mounts

Bloomberg Helen Grogan says her bank has left her brimming with ‘rage, frustration and anger’ and 40,000 euros ($47,000) worse off. In common with 13,000 other Irish bank customers, Grogan was overcharged in a mortgage scandal that has reignited anger towards the industry almost a decade after taxpayers had to bail it out. “I was ripped off by the bank,” ...

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