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ABN Amro planning $571mn buyback as profit tops estimates

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  Bloomberg ABN Amro Bank NV said it will start a 500 million-euro share buyback ($571 million) after fourth quarter profit jumped, joining European peers in pledging higher returns as the industry rebounds from the pandemic. Net income soared to 552 million euros in the period, exceeding the 426 million euros that analysts surveyed by Bloomberg had expected on average, ...

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SocGen seals rebound in Q4 with record year in boost for Oudea

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  Bloomberg Societe Generale SA rebounded with a record annual profit from its first losing year in decades, as all main businesses at the French lender beat analysts’ estimates in the fourth quarter. A resurgent equities trading unit and record earnings from financing and advisory were among the highlights as revenue jumped 13% in the final months of last year ...

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US households ramp up spending on credit cards

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  Bloomberg US credit-card bills jumped sharply last quarter as Americans returned to pre-pandemic spending habits. Credit-card balances increased every quarter in 2021 to end the year at $856 billion, the Federal Reserve Bank of New York said. The fourth-quarter gain was the largest in figures dating back 22 years, and while the total amount is still below pre-Covid levels, ...

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