Friday, November 5, 2021

Reuters Global Investor: Chinese banks quicken home loan disbursement but caution prevails

Chinese banks quicken home loan disbursement but caution prevails

Some Chinese banks have sped up the disbursement of home loans in some cities, a relief to cash-strapped developers anxious to complete sales, but no wave of new credit is being unleashed just yet amid a heavy regulatory push to deleverage the sector.

Australia's banking regulator looks into CBA's jump into crypto

Australia's banking watchdog said it was examining the regulatory implications of Commonwealth Bank's 's planned introduction of bitcoin trading to unsophisticated retail investors - the first bank in Australia to do so.

Italy's Banco BPM to take insurance in-house in new profit plan

Italy's Banco BPM said on Friday it planned to acquire full ownership of its insurance partnerships as part of a new multi-year plan that aims to achieve net profit of more than 1 billion euros ($1.2 billion) in 2024.

Personal finance firm NerdWallet valued at $1.5 bln in strong market debut

NerdWallet Inc's shares rose nearly 31% in their stock market debut valuing the company at about $1.5 billion, as the firm joined a clutch of companies that have gone public to cash in on the high investor appetite for tech stocks.

Insurer Lancashire's written premiums surge as rates improve

Lancashire posted on Thursday a 47% surge in gross written premiums for the nine months ended September as the insurer took advantage of improving rates, while its property and casualty reinsurance business saw strong growth.

Credit Suisse reins in bankers after torrid year

Credit Suisse will rein in its investment bankers and plough money into looking after the fortunes of the world's rich as it tries to curb a freewheeling culture that has cost it billions in a string of scandals.

France's SocGen beats Q3 estimates, names new CFO

French bank Societe Generale posted on Thursday higher third-quarter earnings, beating estimates, supported by strong revenue from corporate and investment banking and lower bad loans and also appointed a new financial chief.

Cathie Wood scoops up Zillow as shares plunge on exiting home-flipping business

Cathie Wood's Ark Invest on Wednesday capitalized on a sharp drop in Zillow Group Inc's stock price to scoop up shares of the online real-estate firm, as analysts expressed shock over its move to exit the business of buying and selling homes due to unpredictable prices.

Profit jumps at Finland's Sampo, Nordea exit looms

Finnish insurer Sampo on Wednesday beat expectations with a 30% jump in quarterly core earnings, aided by a strong performance from its main subsidiary If and gains from selling a stake in Finnish Nordea bank .

Czech investment group PPF makes H1 profit after loss year ago

Czech investment group PPF, the owner of international consumer lender Home Credit and other assets, reported a net profit of 208 million euros ($240.80 million) in the first half of 2021 after a 384 million euro loss in the same period a year ago, it said on Wednesday.

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