 | | | | 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 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. | | | | | | 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'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. | | | | | | 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, 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. | | | | | | Spain's Unicaja on Wednesday said its recurrent net profit rose 53% year-on-year in the third quarter due to lower provisions and a boost from fees as it integrates Liberbank. | | | | | | Fund manager Quilter set out targets on Wednesday of more than doubling operating profit by 2025 and returning around 350 million pounds ($477.02 million) from the sale of Quilter International to shareholders alongside 2021 results. | | | | | | Credit Suisse will unveil a new centralised structure on Thursday in an attempt to bring its far-flung divisions to heel and draw a line under a string of scandals that have cost the Swiss bank billions of dollars, two sources said. | | | | | | Singapore's second- and third-largest lenders reported better-than-expected quarterly profit increases, building on a recovery from pandemic-hit markets and supported by lower provisions for credit losses. | | | | | |
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