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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.

Unicaja's Q3 net profit jumps as books Liberbank buy

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.

Quilter targets doubling in profit by 2025, $500 mln return to shareholders

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 to tighten the reins after string of scandals

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 banks OCBC, UOB post profit jump on lower credit charges

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.

Australia's AMP exits life insurance with $389 mln stake sale

Australia's AMP Ltd said on Wednesday it had agreed to sell its remaining 19% stake in Resolution Life's Australia business to the British company, marking the wealth manager's exit from life insurance.

StanChart shares hit by outlook and dashed buyback hopes

Standard Chartered on Tuesday forecast flat full-year income and dashed investor buyback hopes, sending its shares down 8% despite better than expected quarterly profit.

Rising Treasury market illiquidity could pose financial market risk -BofA

Rising illiquidity in the $14.8 trillion U.S. Treasuries market could spill over into other financial markets as hedge funds reduce their capacity to take on risk, Bank of America warned in a report on Monday.