Bloomberg DNB ASA, Norway’s biggest bank, delivered second-quarter earnings that beat even the most optimistic estimates as impairments proved less dire than feared. The Oslo-based lender’s net income reached 4.77 billion kroner ($508 million) in the three months through June. Impairments fell 63% from the first quarter, DNB said. Thomas Eskildsen, an analyst at Handelsbanken, said trading and commission income ...

Bloomberg The road to recovery for the US economy will be uneven, unclear and uncertain as the coronavirus retains its hold on business and Americans’ everyday activities, according to the heads of the nation’s biggest banks. In the wake of brighter data on employment, retail sales and housing over the last two months, most financial-institution executives curbed their enthusiasm about ...

Bloomberg HSBC Holdings global head of equities is leaving the lender as the bank revives restructuring plans that are hitting the securities unit. Hossein Zaimi, who has held the role within HSBC’s global banking and markets division since 2017, is leaving within weeks, according to people familiar with the matter, who asked not to be named discussing private information. HSBC’s ...