Bank of America profit slumps as heavy loan losses loom

This post was originally published on this site(Reuters) – Bank of America Corp (BAC.N) saw its profit more than halve in the second quarter as it set aside $5 billion to cover potential

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Bank of America profit more than halves as threat of bad loans looms

This post was originally published on this site(Reuters) – Bank of America Corp (BAC.N) saw its profit more than halve in the second quarter as it set aside $5 billion against future loan

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Pandemic-proofing: Insurance may never be the same again

This post was originally published on this site(Reuters) – Insurers are creating products for a world where virus outbreaks could become the new normal after many businesses were left out

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Wells Fargo profit decimated as coronavirus-led loan defaults loom

This post was originally published on this site(Reuters) – Wells Fargo & Co (WFC.N) on Tuesday reported a plunge in first-quarter profit as the U.S. bank set aside nearly $4 billion to

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Retail sector companies turn to masks, gloves in coronavirus fight

This post was originally published on this site(Reuters) – Major U.S. retail sector companies on Thursday moved to allay health and safety concerns of staff working at warehouses and stores

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Aon to buy Willis in $30-billion insurance mega-deal, antitrust hurdles loom

This post was originally published on this site(Reuters) – UK-based Aon Plc (AON.N) said on Monday it would buy Willis Towers Watson (WLTW.O) for nearly $30 billion in an all-stock deal

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London Stock Exchange on track to close Refinitiv deal as clearing jumps

This post was originally published on this siteLONDON (Reuters) – – The London Stock Exchange Group (LSE.L) said on Friday it would complete its $27 billion takeover of analytics

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UPDATE 2-Diageo tempers sales growth expectations amid trade uncertainties

This post was originally published on this site… * Sees FY underlying net sales growth at lower end of range. * Says lower passenger traffic through Hong Kong. * Scotch sales hurt by

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South Africa steps up power cuts after flooding hits major plant

This post was originally published on this siteAdds details, spokeswoman comment. JOHANNESBURG, Dec 9 (Reuters) – South Africa’s state energy company Eskom is cutting up to 6,000

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UPDATE 3-M&G suspends $3.2 bln UK property fund as Brexit takes toll

This post was originally published on this site… * M&G to waive 30% of annual charge during suspension. * Other property funds say they are still open. * Financial Conduct Authority

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