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Serbia keeps key rates unchanged for third month

  Bloomberg The Serbian central bank left borrowing costs unchanged for a third month, disregarding an unexpected inflation slowdown and watching out for the dinar’s reaction to the increasing prospects of an interest-rate increase in the U.S. The National Bank of Serbia left the benchmark one-week repurchase rate at 4 percent, according to a statement on its website. Twenty-one of ...

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NCB posts $523mn net profit in Q3

  DUBAI / Reuters National Commercial Bank (NCB) missed analysts’ forecasts on Sunday by reporting a 1.6 percent fall in third-quarter net profit, as Saudi Arabia’s largest listed lender provided more evidence that a weaker economy is hurting the banking sector. Banks in the kingdom are feeling the pinch as depressed oil prices slow economic growth to its lowest level ...

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JPMorgan profit sinks 7.6% on tax expense

  Reuters JPMorgan Chase & Co, the biggest U.S. bank by assets, reported a 7.6 percent drop in quarterly profit after recording a tax expense, compared with a rare tax benefit a year earlier. The bank’s net income fell to $6.29 billion in the third quarter ended Sept. 30 from $6.80 billion in the same quarter of 2015. Earnings per ...

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