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BofA to end payments JV with First Data next June

Bloomberg Bank of America Corp. (BofA) said it will end a payments joint venture with First Data Corp. next June when a contract between the two firms expires. The firms will continue to provide delivery of products and services for existing clients through at least June 2023, but will otherwise pursue in-dependent merchant-services strategies next year, Bank of America said in ...

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BBVA’s Mexico resilience helps it beat profit estimates

Bloomberg Banco Bilbao Vizcaya Argentaria SA’s (BBVA) Mexican business shrugged off an economic slowdown in the country, helping the Spanish bank make up for the effect of ultra-low interest rates in Europe. The Mexico unit posted its highest quarterly profit in at least a decade, helping BBVA report group earnings that beat analyst estimates. That bucks a trend among Spanish ...

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Airbus profit soars on higher output of rival to Boeing Max

Bloomberg Airbus SE earnings surged in the second quarter, helped by a ramp up in deliveries of a narrow-body model that rivals Boeing Co’s grounded 737 Max. Adjusted profit before interest and tax increased 72 percent to $2.2 billion, beating estimates, as Airbus handed over close to 300 of the A320 planes. Four-fifths of the jets were the revamped Neo ...

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