Italy’s central bank is monitoring the way Intesa Sanpaolo is moving some of its customers on to the bank’s mobile-only service Isybank, parliament minister Luca Ciriani told lawmakers on Wednesday.
Bank of Nova Scotia will cut about 3% of its global workforce as a part of efforts to streamline operations, Canada’s fourth largest bank said on Wednesday.
Asset and wealth manager Northern Trust on Wednesday posted a smaller-than-expected drop in third-quarter profit as a rise in fee-based income cushioned the hit from a drop in its interest income.
Morgan Stanley’s third-quarter profit dropped less than expected as a strong performance in the bank’s wealth management division offset a hit from lethargic dealmaking.
M&T Bank beat Wall Street estimates for third-quarter profit on Wednesday, as the Federal Reserve’s rapid rate hikes allowed the lender to charge more on loans.
Citizens Financial Group’s third-quarter profit fell 33% on Wednesday on a decline in the bank’s income earned from charging customers interest on their loans.
Travelers Companies on Wednesday reported a 14% fall in quarterly profit, as severe wind and hail storms in parts of the United States drove up catastrophe losses for the insurer.
Indian private lender IndusInd Bank reported a 22.1% rise in second-quarter profit on Wednesday, helped by strong loan growth on the back of retail borrowing, with the upcoming festive season expected to further boost customer spending.
Elevance Health on Wednesday reported a nearly $700 million charge due to job cuts and write-offs from some technology assets after a strategic review in the third quarter to shield itself against several hits to its business next year.
