IDBI Bank Loss widens to Rs 56.6 billion as NPAs touch 28%
Government-owned IDBI Bank's net loss widened to Rs 56.6 billion in the March quarter, on a sizable Rs 107.8 bn provision for bad loans.The quarterly loss, the sixth in a row, was deeper than the Rs 31.9 bn in the same period last y.....»»
Oriental Bank of Commerce net loss widens to Rs 16.5 bn in Q4; NPAs up 10%
Total income of the bank during the January-March quarter of 2017-18 came down to Rs 46.89 billion, against Rs 50.94 billion.....»»
News digest: IDBI Bank loan fraud, PNB scam, Axis Bank Q4 loss, and more
CBI has registered a case against former Aircel promoter C Sivasankaran and his company's executives in an alleged Rs 6-billion bank fraud case.....»»
IDBI Bank: High NPAs, new bad loan rules seen offsetting inflows
Recently, the lender sold a commercial building for Rs 9 billion, taking the total non-core asset sales to over Rs 41 billion in FY18.....»»
Dena Bank Q4 net loss widens to Rs 12.25 bn as bad assets soar 22%
Income for the full fiscal also fell to Rs 100.95 billion, as against Rs 114.33 billion in 2016-17.....»»
SBI Q4 loss widens to Rs 77.18 bn as higher NPAs worsen asset quality
Provisions for non-performing assets (NPA) stood at Rs 240.80 billion, against Rs 109.93 billion a year ago.....»»
IDBI Bank Q4 net loss widens to Rs 56.63 bn on rise in provisions
Gross bad loans as a percentage of total loans stood at 27.95 percent at end-March, compared with 24.72 percent in the previous quarter and 21.25 percent a year ago.....»»
HSBC beats expectations with 79% jump in Q1 pre-tax profit as cautious outlook prompts credit loss reversal
Europe's largest lender said profit-before-tax came in at $5.8 billion, beating the $3.4 billion expectation of analysts polled by the bank. REUTERS/ Bobby Yip HSBC posted a 79% jump in Q1 pre-tax profit that beat analyst expectati.....»»
Morgan Stanley books Archegos loss, but profit hits new high
Morgan Stanley's first-quarter profit more than doubled from a year earlier, reporting a profit of $4.1 billion, despite the bank's record performance being offset by Archegos losses......»»
Japanese bank Nomura says it"s facing a loss of $2 billion as a hedge fund blow up roils markets
The losses may be tied to wh.....»»
Boeing stock drops after loss widens to more than $8 billion, misses expectations by wide margin
Shares of Boeing Co. sank 1.7% in premarket trading Wednesday, after the aerospace and defense giant reported a fo.....»»
Bank of America profit nearly halves as loan loss provisions soar
Bank of America Corp recorded a 48.5% fall in quarterly profit on Wednesday, as it set aside $3.6 billion in provisions to cover for potential lossses tied to the coronavirus pandemic......»»
Goldman Sachs profit halves on mounting loan loss provisions
Goldman Sachs Group Inc reported a 49% fall in quarterly profit on Wednesday, as the bank put aside nearly $1 billion to meet future loan defaults and booked heavy losses on its debt and equity investments......»»
Turnaround costs push Deutsche Bank to $6 billion loss
Deutsche Bank plunged to a bigger than expected loss of 5.7 billion euros ($6.3 billion) last year, its fifth in a row, as the cost of its latest turnaround attempt hit earnings......»»
Turnaround costs push Deutsche Bank to bigger than expected loss
Deutsche Bank plunged to a bigger than expected loss of 5.7 billion euros ($6.3 billion) last year, its fifth in a row, as the cost of its latest turnaround attempt hit earnings......»»
Dow Jones Newswires: Deutsche Bank posts loss as restructuring bites
Analysts had expected the bank to close the third quarter with a loss of roughly EUR772 million, while revenue was seen at EUR5.53 billion, according to a consensus forecast provided by FactSet......»»
Dow Jones Newswires: Royal Bank of Scotland swings to loss after higher PPI costs
The majority-state-owned bank booked a 900 million pound ($1.16 billion) provision to cover payment protection insurance costs. It said in September that the bank expected to book a provision of GBP600 million to GBP900 million......»»
PG&E loss widens as utility grapples with wildfire-related costs
Californian utility PG&E Corp. said Friday it had net loss of $2.6 billion, or $4.83 a share, in the second quarter, compared with a loss of $984 million, or $1.91 a share, in the year-earlier period. The loss was m.....»»
U.S. Post Office loss widens to $2.26 billion, revenue inches up
The U.S. Postal Service reported Friday a fiscal third-quarter net loss that widened sharply from a year ago, while r.....»»
Deutsche Bank stumbles to big loss on road to reinvention
Deutsche Bank reported a bigger than forecast quarterly loss of 3.15 billion euros ($3.5 billion), underlining the challenges faced by Chief Executive Christian Sewing as he attempts to turn around the struggling business......»»
Deutsche Bank suffers $3.5 billion loss on road to reinvention
Deutsche Bank reported a bigger than forecast quarterly loss of 3.15 billion euros ($3.5 billion), underlining the challenges it faces as it attempts to turn around its struggling business. David Pollard reports......»»