PYMNTS

MAY 1, 2019

Credit card losses at the biggest banks are outpacing auto and home loans, with the biggest margin seen in the last 10 years, according to Bloomberg. Credit bureau Experian said some of the blame comes from banks giving cards to risky borrowers, and that there is a spike in late payments from elderly consumers. For us, the U.S.

Banking 76

Banking Profit and Loss 76

PYMNTS

DECEMBER 9, 2020

We’re being a bit tongue in cheek, but the fact remains that digital-only banking is getting a wider embrace – especially in Europe, as the pandemic surges yet again. Open banking, of course, allows financial data to be shared and synthesized across everyday financial life, making banking by app far less of a novelty than it once was.

Banking 82

Banking Profit and Loss B2B Accounting 82

CFO Plans

MARCH 17, 2025

Flipping real estate properties is an enticing venture, promising substantial profits for those who master its intricacies. This strategy is essential in preventing Budget Overrun in Flipping Houses, a common issue that can erode potential profits.

Profit and Loss 52

Profit and Loss Budgeting CFO Prioritization 52

Global Finance

APRIL 5, 2025

Another sector that made a major jump is banking, which includes private equity. Van Oostende expects banking consolidation to continue, as more countries look for soft landings thanks to lowering interest and inflation rates. The GEM sectors wave of M&A was driven by the race for resource security. billion ($3.3 Morgan J.P.

Mergers and Acquisitions (M&A) 52

Mergers and Acquisitions (M&A) Investments Banking Healthcare 52

Global Finance

JULY 29, 2024

Nonbanks have eaten into traditional banks’ marketplace. Can the older banks retake lost ground by simply becoming more agile? Once upon a time, banking was simple: Take deposits, use depositors’ money to make loans, and transfer payments between clients and earn a commission. All three pillars are now under assault.

Banking 104

Banking Profit and Loss Financial Systems Technology 104

PYMNTS

SEPTEMBER 29, 2020

A team of police and investigators raided the headquarters of KfW , a German state-owned development bank, over a 100 million euro ($117 million) loan it made to Wirecard , the Financial Times (FT) reported. KfW Ipex Bank , a subsidiary, provided Wirecard with the unsecured loan two years ago and extended it last year, according to FT.

Profit and Loss 109

Profit and Loss Banking Accounting 109

PYMNTS

OCTOBER 12, 2020

European digital bank Revolut , the continent's largest such institution with 13 million users, is close to applying for a U.S. digital banking license, according to a report by CNBC. Revolut's bank charter will be with California, but it will allow the bank to operate anywhere in the U.S., Revolut is valued at $5.5

Banking 107

Banking Profit and Loss Startups Marketing 107

Global Finance

OCTOBER 11, 2024

Global Finance presents its 31st annual list of best banks worldwide. Banks face an uphill battle as supply chains remain disrupted, regional conflicts continue to build, and the fear of bank failure returns. Industry leadership, advancements in digitalization and corporate citizenship also factored in.

Banking 111

Banking Foreign Exchange Profit and Loss Finance 111

PYMNTS

JULY 28, 2020

bank profits are at double the risk for loan losses than their European counterparts, according to the Financial Times on Tuesday (July 28). According to consultants with Accenture , European banks are already preparing to follow American ones in massive second-quarter loan loss reporting related to the pandemic.

Profit and Loss 60

Profit and Loss Banking Numbers Accounting 60

CFO News

SEPTEMBER 12, 2023

As per the revised norms, banks will have to classify their entire investment portfolio under three categories -- Held to Maturity (HTM), Available for Sale (AFS) and Fair Value through Profit and Loss (FVTPL).

Profit and Loss 98

Profit and Loss Investments Valuation Banking 98

CFO Simplified

AUGUST 14, 2022

Businesses depend on banks for more than just loaning money. Owners rely on banks to deposit cash, transfer funds, and process checks sent out to suppliers. Banks provide services that are essential to business owners, which is why it is important for business owners to maintain a good relationship with their bank.

Banking 98

Banking Profit and Loss Financial Reporting CFO 98

PYMNTS

NOVEMBER 12, 2018

Online lender Social Finance (SoFi) continues to struggle, recording an adjusted loss of around $12 million during the third quarter before interest, taxes, depreciation and amortization. The FinTech company has now recorded losses for the second consecutive quarter. In August, it posted a second quarter loss of about $200 million.

Profit and Loss 73

Profit and Loss Leadership Investments Finance 73

CFO News Room

JANUARY 13, 2023

bank by assets rose more than 2% after the firm posted fourth-quarter profit and revenue that topped expectations. The New York-based bank said profit jumped 6% from the year earlier period to $11.01 Interest income at the bank surged 48% on higher rates and loan growth. Wells Fargo – The bank stock dipped 0.1%

Profit and Loss 130

Profit and Loss Banking Valuation Sales 130

Musings on Markets

JANUARY 31, 2024

Since businesses invest that capital in their operations, generally, and in individual projects (or assets), specifically, the big question is whether they generate enough in profits to meet these hurdle rate requirements. While private businesses are often described as profit maximizers, the truth is that if they should be value maximizers.

Hurdle Rate 80

Hurdle Rate Profit and Loss Accounting Investments 80

PYMNTS

MAY 22, 2020

A large share of the banking sectors of nine advanced economies, by assets, may not be able to bring in profits higher than their cost of equity in 2025, according to a simulation exercise cited in the “Global Financial Stability Report” by the International Monetary Fund (IMF).

Profit and Loss 64

Profit and Loss Banking Forecasting Currencies 64

PYMNTS

OCTOBER 22, 2020

HSBC will be restructuring its commercial banking business in Britain which will result in 300 job cuts, according to Reuters. The cuts come as part of Europe's largest bank's larger restructuring effort from earlier this year, with HSBC looking to cut costs worldwide as the ability to boost revenues becomes more difficult.

Profit and Loss 91

Profit and Loss Restructuring Banking Economics 91

CFO News Room

JANUARY 19, 2023

related investing news Charles Schwab — The bank stock lost more than 6% after Bank of America double-downgraded shares to an underperform rating, saying that clients will continue moving cash into alternatives such as money market funds. Philip Morris — The Marlboro parent gained 2.4% Alcoa — Shares of the aluminum company fell 4.6%

Profit and Loss 130

Profit and Loss Banking Investments Marketing 130

Musings on Markets

MAY 5, 2023

In March 2023, the fall of Silicon Valley Bank shocked investors not only because it was unforeseen, but also because of the speed with which it unfolded. That failure has had a domino effect, with Signature Bank falling soon after, followed by Credit Suisse in April 2023 and by First Republic last week.

Banking 97

Banking Profit and Loss Securities Investments 97

CFO Talks

NOVEMBER 29, 2024

Notably, she reversed a decade-long loss at Coca-Cola, doubled profits, and restructured major funding. We ensure that profitability goals and community needs are met simultaneously, recognizing that long-term success depends on the well-being of the communities in which we operate. Leana van der Merwe: Thank you, Elizabeth.

Finance 98

Finance Profit and Loss CFO Leadership 98

PYMNTS

AUGUST 30, 2020

With profits and margins at all-time lows, the U.S. banking system is in flux as customer deposits surge and make the safety net for failures fall below a legal limit, The Wall Street Journal (WSJ) reports. Those numbers were huge increases from the past several years, which never saw credit loss provisions going above $20 billion.

Profit and Loss 82

Profit and Loss Banking Numbers Risk Management 82

CFO News Room

NOVEMBER 3, 2022

after the company reported a smaller-than-expected quarterly loss as well as revenue that topped analyst forecasts. Deutsche Bank thinks investors should follow Icahn’s suit as the firm sees a 45% upside in the stock. UBS highlighted Tal’s strong topline beat and improved profitability outlook. per share loss.

Profit and Loss 130

Profit and Loss Forecasting Education Sales 130

PYMNTS

APRIL 14, 2020

The International Monetary Fund (IMF) cautioned that COVID-19 has made “cracks” in the worldwide financial system known and “will likely” have financial institutions encounter market and credit losses that will put their reserves to the test. The IMF also pointed out emerging stress in the U.S.

Financial Systems 60

Financial Systems Profit and Loss Marketing Banking 60

Barry Ritholtz

MARCH 20, 2023

Silicon Valley Bank depositors made whole; Credit Suisse counter-parties saved; First Republic bondholders protected — are these bailouts or something else? Eat what you kill” is the classic Wall Street attitude toward risk and reward, profit and loss. Were these people “bailed out?”

Profit and Loss 130

Profit and Loss Banking Risk Management Financial Systems 130

PYMNTS

JANUARY 22, 2021

It can help banks reduce tens of millions of dollars in losses, which will get the attention of every financial services company on the planet. It’s a pattern, he said, that more and more banks worldwide are adopting — because the last year has proven that these are the tools entities not only want but need.

Banking 106

Banking Credit Risk Profit and Loss Risk Management 106

PYMNTS

AUGUST 6, 2020

Monzo Bank Ltd, the London-based online bank, must now have a capital worth of 13.6 percent of its risk-weighted assets to guard against potential losses. The Financial Times (FT) reported the new requirements are among the first signs the Bank of England ( BoE ), the United Kingdom’s (U.K.) the newspaper reported.

Banking 78

Banking Profit and Loss Auditing Startups 78

CFO News Room

NOVEMBER 12, 2022

in the premarket after Deutsche Bank upgraded the stock to buy from hold. The provider of online language classes also reported a smaller-than-expected quarterly loss and increased its full-year revenue outlook. LegalZoom reported a quarterly loss that was smaller than analysts had anticipated and raised its full-year revenue forecast.

Profit and Loss 130

Profit and Loss Forecasting Healthcare Banking 130

CFO News Room

NOVEMBER 24, 2022

Check out the companies making headlines before the bell: Deere (DE) – The heavy equipment maker reported better-than-expected profit and revenue for its latest quarter and issued an upbeat outlook. The computer maker also reported better-than-expected profit and revenue for its latest quarter. Its stock jumped 4.2%

Profit and Loss 130

Profit and Loss Valuation Sales Retail 130

CFO News Room

JANUARY 8, 2023

Bed Bath & Beyond — The retailer dropped 12.4%, building on the sharp losses seen Thursday, after management said the company is low on cash and considering bankruptcy. Silvergate Capital – The crypto-focused bank added to its Thursday losses following a downgrade from JPMorgan to neutral from overweight.

Entertainment 130

Entertainment Profit and Loss Sales Retail 130

CFO News Room

NOVEMBER 7, 2022

The investment bank said the online real estate company’s business model is flawed. Berkshire Hathaway — Shares of Warren Buffett’s conglomerate rose more than 1% after the company posted a 20% increase in operating profits during the third quarter. Berkshire also spent $1.05 billion in share repurchases during the quarter.

Profit and Loss 130

Profit and Loss Investments Marketing Sales 130

CFO News Room

NOVEMBER 23, 2022

banking regulators. Deere — Shares of the heavy equipment maker jumped 5.8%, on track for a record close, after the company reported better-than-expected profit and revenue for its fiscal fourth quarter. Credit Suisse – The bank dropped 6.7% billion in quarterly losses tied to customers pulling money.

Profit and Loss 130

Profit and Loss Financial Data Sales Retail 130

CFO News Room

NOVEMBER 9, 2022

Disney — Shares of the media giant slid more than 11% after the company’s quarterly results missed Wall Street expectations on revenue and profit, as both its parks and media divisions underperformed estimates. after the company reported another quarterly loss as operational costs increased. AMC Entertainment — Shares dropped 9.8%

Profit and Loss 130

Profit and Loss Entertainment Forecasting Technology 130

CFO News

MARCH 30, 2025

The Reserve Bank of India (RBI) allowed lenders (on Saturday) across the spectrum and ownership types to reverse excess provisions in their profit and loss (P&L) accounts if a loan is transferred to an asset reconstruction company (ARC) at a value exceeding its net book value.

Profit and Loss 40

Profit and Loss Banking Sales Accounting 40

Barry Ritholtz

DECEMBER 11, 2023

billion in retail inventory losses in 2021 was not “attributable to organized retail crime.” retailers retracted its claim that “organized retail crime” accounted for nearly half of all inventory losses in 2021 after finding that incorrect data was used for its analysis.” No, “ nearly half ” of $94.5

Retail 141

Retail Profit and Loss Forecasting Accounting 141

PYMNTS

APRIL 26, 2020

Banks are bracing for fallout as more people struggle to make credit card payments due to lost paychecks amid the coronavirus pandemic, according to a report by The Wall Street Journal (WSJ). Further, banks can do little about nonpayment since the credit is unsecured. Discover and Synchrony shares have dropped by more than 50 percent.

Banking 83

Banking Profit and Loss Planning 83

PYMNTS

APRIL 30, 2020

JPMorgan Chase was the biggest saver of funds in an effort by banks around the world to get ahead of a spate of bad loans they believe is coming. The banks, combined, have set aside $66 billion for the prospect, which is likely due to the number of corporations that may have to default due to the virus’ economic destruction.

Banking 75

Banking Profit and Loss Accounting Standards Economics 75

Global Finance

AUGUST 13, 2024

Banks are by far the biggest players in Islamic finance—some of them are exclusively Islamic while others offer sharia-compliant products but remain mostly conventional. Here are some of the key sharia-compliant products offered by banks—they have Arabic names but in most cases we can find an equivalent in conventional Western banking.

Finance 96

Finance Profit and Loss Banking Investments 96

CFO News Room

NOVEMBER 11, 2022

Walgreens – Shares rose 6% after an upgrade to buy from hold Deutsche Bank, which said it liked Walgreens’ merger and acquisition plans. Duolingo – Shares of the foreign language learning platform lost 10% after the company reported revenue below expectations while also posting a smaller-than-expected quarterly loss.

Profit and Loss 130

Profit and Loss Pharmaceutical Entertainment Construction 130