It must be tempting for the Financial Times simply to run a headline entitled ‘told you so’. For the past 18 months or so, the …
SBI’s net profit in Q4 FY20 quadruples due to stake sale in subsidiaries
State Bank of India (SBI) has registered a fourfold increase in net profit at INR35.81bn ($474m) in Q4 ended March 2020 and its highest yearly …
Covid-19: TD Bank’s US Retail segment to record $790m in provisions for bad loans
Toronto-Dominion Bank (TD Bank) has determined that its US Retail banking business may record a provision for credit losses (PCL) of nearly CDN$1.1bn ($790m) due …
Westpac H1 profit plummets 62%; defers dividends
Australian banking major Westpac reported a statutory net profit of A$1.19bn for the first half of the fiscal year 2020, a 62% drop on a …
ANZ H1 profits plummets 51%; defers interim dividend payout
Australia and New Zealand Banking Group (ANZ) has reported a profit after tax of A$1.55bn for the half-year ended 31 March 2020, a plunge of …