Goldman Sachs’ profit fell in the third quarter, weighed down by an $864 million writedown on its GreenSky fintech business and its investments in real estate.
Citroen on Tuesday unveiled its new electric e-C3 SUV, a low-cost model starting at 23,300 euros ($24,540) aimed at taking on Chinese carmakers in the affordable electric vehicle market.
Bank of America beat Wall Street estimates for quarterly profit on Tuesday as it joined rivals in earning more from interest payments, while benefiting from a better-than-expected performance of its investment banking and trading divisions.
Choice Hotels on Tuesday proposed to acquire Wyndham Hotels and Resorts for about $7.8 billion in a cash and stock deal that would create a U.S. budget hotel giant.
Bank of New York Mellon Corp beat Wall Street estimates for third-quarter profit on Tuesday, as rate hikes by the U.S. Federal Reserve bolstered the lender’s income from loans.
China has told state-owned banks to roll over existing local government debt with longer-term loans at lower interest rates, two sources with knowledge of the matter said, as part of Beijing’s efforts to reduce debt risks in a faltering economy.
Two executives who helped make recommendations in some of America’s biggest proxy contests and contested mergers left BlackRock and Institutional Shareholder Services (ISS) to lead a new governance unit at Longacre Square Partners, people familiar with the moves said.
