September, 2018

• 11 September

  Bank of Montreal chief sees profit growth sans acquisition

  

  Bloomberg Bank of Montreal (BOM)’s chief executive officer says he doesn’t need to make another acquisition to meaningfully lift earnings from the US. “If we continue doing the things that we’re doing organically, I could see a third of the bank coming from US earnings,” Chief Executive Officer Darryl White, 47, said. “To get beyond that you’d have to resume …

  Read More »
• 11 September

  Barclays to hire 150 in Europe as part of Brexit plans

  

  Bloomberg Barclays Plc, which houses one of the world’s biggest investment banks, will create about 150 new roles as the firm prepares for Britain’s exit from the European Union, a top executive told UK lawmakers. The new hires in Europe will be in addition to the 150 current UK-based positions that will mostly “ migrate” to Dublin, Kevin Wall, chief …

  Read More »
• 11 September

  ING CFO Koos Timmermans to step down after money-laundering fine

  

  Bloomberg ING Groep NV, under fire after paying one of the biggest fines ever given to a Dutch lender, ousted Chief Financial Officer Koos Timmermans, who had once been responsible for the division caught up in a money-laundering probe. The 22-year ING veteran will stay in his position until a successor is found, the Amsterdam-based bank said, adding that it …

  Read More »
• 11 September

  DBS starts ‘chat service’ using messaging apps

  

  Bloomberg DBS Group Holdings Ltd., Southeast Asia’s biggest bank, unveiled a service that will allow wealthy clients to interact with their relationship managers on WeChat and WhatsApp. The Singapore-based lender will begin registering interested clients for the service known as Wealth Chat, DBS said. It will initially provide content such as investment reports and research insights, with services like trade …

  Read More »
• 11 September

  Decade after Lehman collapse, investors shun bank stocks

  

  Bloomberg Time may heal all wounds. But the decade since the collapse of Lehman Brothers Holdings Inc. hasn’t been long enough to restore investors’ faith in banks. While this week marks the 10-year anniversary of the Lehman bankruptcy, an event seen widely as a catalyst for the global financial crisis, data on stock prices and fund positioning suggests the aversion …

  Read More »
• 11 September

  Boeing’s China outlook faces Trump’s trade war headwind

  

  Bloomberg Boeing Co. painted an optimistic forecast for China, an aviation market soon poised to become the world’s biggest. The planemaker also needs to overcome a tit-for-tat trade war that President Donald Trump is ratcheting up. The country will need 7,690 new planes worth $1.2 trillion over the next two decades, the Chicago-based planemaker said in Beijing. That’s a 6 …

  Read More »
• 11 September

  Leonardo talks to buyers for Iran ATRs

  

  Bloomberg Italy’s aerospace giant Leonardo SpA says ATR, which it co-owns with France’s Airbus SE, is in talks with alternative buyers for the remaining aircraft in a $1.6 billion deal with Iran, which it can no longer deliver due to sanctions. “We are pretty confident that we will finalise the re-allocation to other countries” by the end of this year, …

  Read More »
• 11 September

  Amazon business sales hit $10 billion annualised rate

  Bloomberg Amazon.com said sales from its business-to-business platform hit an annualised rate of $10 billion globally as it adapted its online retail operations for consumers into an international enterprise serving offices, hospitals and factories. The Seattle-based internet giant launched Amazon Business in the US in 2015 and reached $1 billion in sales a year later. It now operates in eight …

  Read More »
• 11 September

  Ryanair faces German strike despite making labour advances

  

  Bloomberg Ryanair Holdings Plc pilots and flight attendants in Germany will walk out on Wednesday, meaning many of its services in and out of the country may not operate. The latest strike will follow the scrapping by Europe’s biggest discount carrier of more than 400 flights on August 10 amid walkouts in five nations including Germany, though since then it …

  Read More »
• 11 September

  Salomon Ski owner gets $5.5bn Chinese bid ahead of games

  

  Bloomberg China’s Anta Sports Products Ltd. is gearing up for the Beijing Winter Olympics four years from now with a 4.7 billion-euro ($5.5 billion) approach for one of the world’s biggest makers of ski equipment. Amer Sports Oyj of Finland, which owns the Atomic and Salomon brands, confirmed a Bloomberg News report that it has received takeover interest from an …

  Read More »