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October 24, 2020

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Barclays crushes expectations for the third quarter as provisions for loan losses fall

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by CNBC016
CNBC – For more and to sign up click here Barclays Bank building Chris Ratcliffe | Bloomberg | Getty Images Barclays on Friday reported a net profit of £611 million ($797.7 million) for the third quarter, as the British lender attempts to plot a recovery from the coronavirus pandemic. The......
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CNBC Business

Chinese fintech giant Lufax seeks up to $2.36 billion in U.S. IPO

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by CNBC027
CNBC – For more and to sign up click here A logo of of Lufax website Lu.com, is seen at the company’s headquaters on May 28, 2020 in Shanghai, China. Wu Jun | Visual China Group | Getty Images GUANGZHOU, China — Chinese lending and wealth management firm Lufax is......
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CNBC Business

Goldman Sachs agrees to pay more than $2.9 billion to resolve probes into its 1MDB scandal

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by CNBC019
CNBC – For more and to sign up click here Goldman Sachs CEO David Michael Solomon attends a discussion on “Women Entrepreneurs Through Finance and Markets” at the World Bank on October 18, 2019 in Washington, DC. Olivier Douliery | AFP | Getty Images Goldman Sachs agreed to pay more than......
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CNBC Business

Goldman is clawing back millions in pay from CEO David Solomon, Lloyd Blankfein and others

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by CNBC019
CNBC – For more and to sign up click here (L-R) Lloyd Blankfein and David Solomon attend NYSCF Annual Summer Cocktail Reception at Private Residence on July 15, 2016 in Sagaponack, NY. Sean Zanni | Patrick McMullan | Getty Images Goldman Sachs is moving to claw back tens of millions......
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CNBC Business

JPMorgan Chase takes on Square and PayPal with smartphone card reader, faster deposits for merchants

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by CNBC023
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CNBC Business

UBS reports its best third quarter for a decade, with a 99% hike in net profit

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by CNBC048
CNBC – For more and to sign up click here The logo of Swiss banking giant UBS engraved on the wall is seen on its headquarters on May 8, 2019 in Zurich. Fabrice Coffrini | AFP | Getty Images LONDON — The world’s largest wealth manager, UBS, reported a jump......
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CNBC Business

‘Scale wins’ — Investment companies face more consolidation after Morgan Stanley-Eaton Vance deal, market analyst says

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by CNBC014
CNBC – For more and to sign up click here Morgan Stanley buys Eaton Vance: More consolidation may lie ahead Search quotes, news & videos Source – Click here for more To Return to the Main Aggregate News Page – click here...
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CNBC Business

Treasury encouraged banks to prioritize PPP loans for existing clients, hurting minority and women-owned small businesses, House report says

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by CNBC012
CNBC – For more and to sign up click here The Treasury Department privately encouraged banks to prioritize existing clients when implementing the federal government’s Paycheck Protection Program that provided coronavirus relief to small businesses, according to a report Friday from a House oversight panel. The Trump administration’s directive to......
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CNBC Business

Rockefeller heirs call on banks to stop lending to fossil fuel companies

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by CNBC05
CNBC – For more and to sign up click here Descendants of Standard Oil founder John D. Rockefeller are calling on the major banks to put an end to fossil fuel financing. Daniel Growald, Peter Gill Case and Valerie Rockefeller — fifth-generation members of the famed family — have launched......
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CNBC Business

Fed’s Quarles sees need for more reforms to short-term funding markets

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by CNBC017
CNBC – For more and to sign up click here Randal Quarles Hailey Lee | CNBC Short-term funding markets seized up during the early days of the coronavirus pandemic, demonstrating that more reform is needed, the Federal Reserve’s chief banking overseer said Thursday. Commercial paper and prime money funds, which......
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CNBC Business

Morgan Stanley is set to report third-quarter earnings – here’s what the Street expects

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by CNBC030
CNBC – For more and to sign up click here James Gorman, chairman and chief executive officer of Morgan Stanley, speaks during a Bloomberg Television interview in Beijing, China, on Thursday, May 30, 2019. Giulia Marchi | Bloomberg | Getty Images Morgan Stanley is set to report third-quarter earnings before......
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E! Online

Outer Banks’ Madison Bailey Reveals What’s in Her Bag – E! Online

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by eonline016
We love these products, and we hope you do too. E! has affiliate relationships, so we may get a small share of the revenue from your purchases. Items are sold by the retailer, not… E! Online – For more and to sign up click here To Return to the Main......
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CNBC Business

China’s yuan will rally despite the central bank’s moves to curb its strength, analysts say

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by CNBC018
CNBC – For more and to sign up click here Chinese yuan to rally despite PBOC move to curb its strength: Analysts Search quotes, news & videos Source – Click here for more To Return to the Main Aggregate News Page – click here...
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E! Online

How Tyra Banks Is Really Feeling About Dancing With the Stars Criticisms – E! Online

eonline
by eonline013
You wanna be on top?! Whether she’s modeling, hosting or acting, Tyra Banks is a pro in front of a camera. But of course, being in the spotlight means that haters gonna hate, and the… E! Online – For more and to sign up click here To Return to the......
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CNBC Business

Opinion: Investing in Black-owned banks key to ending racial disparities

CNBC
by CNBC051
CNBC – For more and to sign up click here Ryan Williams, co-founder and chief executive officer of RealCadre LLC (Cadre), listens during the Skybridge Alternatives (SALT) conference in Las Vegas, Nevada, May 9, 2019. Joe Buglewicz | Bloomberg | Getty Images At the end of the Civil War and......
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CNBC Business

Wells Fargo earnings fall short of estimates as low rates hit interest income

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by CNBC041
CNBC – For more and to sign up click here A person wears a protective face mask next to Wells Fargo ATMs in Harlem as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on August 25, 2020 in New York City. Noam......
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CNBC Business

Goldman Sachs wallops profit estimates on stronger-than-expected bond trading

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by CNBC028
CNBC – For more and to sign up click here Goldman Sachs posted third-quarter results that crushed analysts’ profit estimates on stronger-than-expected results in bond trading and asset management. The firm generated $3.62 billion in profit, or $9.68 a share, exceeding the $5.57 per share estimate of analysts surveyed by......
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CNBC Business

Bank of America shares dip as lender, pressured by low rates, misses on third-quarter revenue

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by CNBC020
CNBC – For more and to sign up click here Bank of America shares declined after the lender posted third-quarter results that missed on revenue. The firm said Wednesday that it generated $20.45 billion in total revenue, missing the $20.8 billion estimate of analysts surveyed by Refinitv. Profit in the......
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