Bloomberg Visa Inc. shares fared better than the rest of the financials’ sector trading after its earnings report highlighted growth in online and electronic payments, even as purchases plunged across the board while the Covid-19 pandemic unfolded. Analysts continue to fear drawn-out economic consequences from lockdowns. Visa slipped about 0.9% while S&P 500 information tech index shed about 2.3%, and ...

Bloomberg Westpac Banking Corp. deferred its dividend after soaring bad-debt provisions and a potential record anti-money laundering fine sent first-half earnings plummeting to the lowest in almost two decades. Cash earnings fell 70% to $636 million in the six months ended March 31, Sydney-based Westpac said on Monday, its smallest profit since 2002. The bank is also considering selling smaller ...

Bloomberg Lloyds Banking Group Plc has begun to count the cost of the coronavirus pandemic to the British economy — and warned that the turmoil had made its old targets obsolete. Britain’s biggest mortgage lender booked a provision of 1.4 billion pounds ($1.75 billion) for possible soured loans as efforts to halt the spread of the virus crushed the economy. ...