Bloomberg ABN Amro Bank NV will cut its investment bank by about a third and shut down lending outside of Europe as the Dutch bank tries to turn around business hit hard by the market chaos caused by the coronavirus crisis. ABN Amro will stop providing corporate finance outside Europe and exit trade and commodity financing altogether, the Dutch bank ...

Bloomberg Goldman Sachs strategists raised their profit estimates for S&P 500 after a record number of companies beat analyst expectations. Strategists at the bank led by David Kostin lifted their 2020 EPS estimates to $130 from $115, expecting an overall 21% profit contraction versus last year’s levels. The second-quarter results also re-affirmed the team’s confidence in their 2021 EPS estimate ...

Bloomberg US equity futures advanced and stocks edged higher in Europe as bank shares rallied and bond yields climbed globally. Gold rebounded after finding support below $1,900 an ounce. Advances in ABN Amro Bank NV and HSBC Holdings Plc offset drops in tech and real estate shares on the Stoxx Europe 600 Index. The pound held Tuesday’s drop versus the ...