Citigroup (C) Declares $0.45 Quarterly Dividend; 2.6% Yield

Seven international banks agree to launch digital trade finance network

October 17, 2018 5:03 PM EDT

By Jesús Aguado

MADRID (Reuters) - Seven banks, including HSBC and Banco Santander (NYSE: SAN), have signed a Memorandum of Understanding (MoU) to create a global digital network in trade finance aiming at allowing cheaper and easier funding for corporates, a Santander manager said on Wednesday.

The Australia and New Zealand Banking Group ANZ (OTC: ANZ), BNP Paribas , Citibank (NYSE: C), Standard Chartered and Deutsche Bank... More

Big U.S. banks end third quarter on high note

October 16, 2018 1:34 PM EDT

By Diptendu Lahiri

(Reuters) - Wall Street's top investment banks enjoyed a strong third quarter as strength in stock trading and equity underwriting added to the benefits from a strong U.S. economy and tax reforms.

On Tuesday, Morgan Stanley (NYSE: MS) showed gains from investment banking and trading businesses that outstripped those of traditional rival Goldman Sachs... More

Equity trading strength boosts profits at Morgan Stanley, Goldman

October 16, 2018 10:03 AM EDT

By Aparajita Saxena and Matt Scuffham

(Reuters) - Wall Street's top investment banks reported better-than-expected quarterly profits on Tuesday, helped by strength in stock trading and equity underwriting, wrapping up what has been a strong quarter for the big U.S. banks.

Morgan Stanley's (NYSE: MS) gains from investment banking and trading businesses outstripped those of traditional rival Goldman Sachs Group Inc (NYSE: GS), which reported its last results under long-time Chief Executive Officer Lloyd Blankfein.

However, Goldman's equity trading and underwriting... More

Goldman Sachs will slow consumer loan growth if market falters

October 16, 2018 7:43 AM EDT

By Matt Scuffham and Aparajita Saxena

(Reuters) - Goldman Sachs (NYSE: GS) will limit loan growth in one of its new business areas if it sees a marked deterioration in credit quality, potentially jeopardizing new Chief Executive David Solomon's task of boosting revenue by $5 billion by 2020.

Stock trading and equity underwriting helped Goldman top profit estimates in the third quarter which was the first for Solomon who aims to reduce the bank's reliance on trading revenues after they were crimped by tougher regulations in the wake of the 2007-2009 financial... More

Morgan Stanley profit beats on strength in equity trading, underwriting

October 16, 2018 7:24 AM EDT

(Reuters) - Morgan Stanley (NYSE: MS) reported a better-than-expected quarterly profit on Tuesday, driven by higher revenue in its stock trading and equity underwriting businesses.

Equity trading revenue rose 7 percent in a quarter marked by uncertainties in global financial markets stemming from an ongoing tariff war between the United States and China.

Morgan Stanley's bond trading revenue rose 1 percent, outperforming traditional competitor Goldman... More