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Author: KMFSLLP

29 Jul UPDATE 1-Japan’s SMFG says first-quarter net profit fell 5% as retail business struggles

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* First-quarter net profit Y216 bln vs Y227 bln a year earlier

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29 Jul Japan’s SMFG says first-quarter net profit fell 5% as retail business struggles

Posted at 07:01h in News by KMFSLLP 0 Comments

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Sumitomo Mitsui Financial Group Inc (SMFG) on Tuesday reported a 5% decline in first-quarter net profit, saying its retail business was hit by adverse market conditions.

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29 Jul Australia’s Westpac warns tighter lending rules will harm economy

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A push by Australian regulators to tighten lending rules risks slowing down Australia's sluggish economy even further, the chief executive of Westpac Banking Corp said on Tuesday.

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29 Jul Alibaba-backed lender MYbank to raise $871 mln in maiden fundraising -document

Posted at 06:54h in News by KMFSLLP 0 Comments

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China's MYbank, an offshoot of Alibaba Group Holding Ltd, seeks to raise about 6 billion yuan ($871 million) in its maiden fundraising, valuing the online lender at 24 billion yuan, according to a source and a fundraising document seen by Reuters.

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29 Jul British watchdog clears Charter Court, OneSavings Bank deal

Posted at 06:48h in News by KMFSLLP 0 Comments

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Britain's competition watchdog said on Tuesday it would not refer Charter Court Financial Services Group's merger deal with OneSavings Bank to an in-depth investigation.

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29 Jul Provident’s first-half earnings hit by hostile takeover bid

Posted at 06:42h in News by KMFSLLP 0 Comments

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29 Jul Provident Financial reports in-line adjusted profit

Posted at 06:38h in News by KMFSLLP 0 Comments

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Sub-prime lender Provident Financial on Tuesday reported adjusted first-half profit in line with its own estimates, as it works on reviving its battered home credit business.

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29 Jul Lender CYBG trims full-year margins forecast

Posted at 06:23h in News by KMFSLLP 0 Comments

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British lender CYBG Plc lowered its forecast for full-year margins on Tuesday after posting a slight dip in quarterly margins as a slowdown in its mortgages unit offset growth in lending to small and medium sized businesses and individuals.

29 Jul UPDATE 1-Newell Brands hires Ritchie Bros top boss Ravi Saligram as CEO -WSJ

Posted at 05:22h in News by KMFSLLP 0 Comments

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U.S. household goods maker Newell Brands Inc has hired Ravi Saligram, the outgoing Chief Executive Officer of Ritchie Bros Auctioneers, as its next CEO, the Wall Street Journal reported https://on.wsj.com/314dGy0 on Tuesday.

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29 Jul China, HK stocks firm ahead of Fed meet; STAR Market extends gains

Posted at 04:33h in News by KMFSLLP 0 Comments

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* HK->Shanghai Connect daily quota used 0.8%, Shanghai->HK daily quota used 3.3%

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Author: KMFSLLP

29 Jul UPDATE 1-Japan’s SMFG says first-quarter net profit fell 5% as retail business struggles

29 Jul Japan’s SMFG says first-quarter net profit fell 5% as retail business struggles

29 Jul Australia’s Westpac warns tighter lending rules will harm economy

29 Jul Alibaba-backed lender MYbank to raise $871 mln in maiden fundraising -document

29 Jul British watchdog clears Charter Court, OneSavings Bank deal

29 Jul Provident’s first-half earnings hit by hostile takeover bid

29 Jul Provident Financial reports in-line adjusted profit

29 Jul Lender CYBG trims full-year margins forecast

29 Jul UPDATE 1-Newell Brands hires Ritchie Bros top boss Ravi Saligram as CEO -WSJ

29 Jul China, HK stocks firm ahead of Fed meet; STAR Market extends gains

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