Edition:
United States

Abhishek Manikandan

LendingClub to acquire Radius Bank for $185 million

Feb 18 2020

NEW YORK LendingClub Corp on Tuesday agreed to buy U.S. digital lender Radius Bank in a cash-and-stock deal valued at $185 million, as it looks to gain access to a cheaper source of funding and offer a broader suite of banking services.

Manulife quarterly profit misses estimates, while Sun Life beats

Feb 12 2020

Canada's biggest life insurers reported increases in core quarterly profit on Wednesday as gains in earnings from wealth and asset management helped offset slower growth elsewhere.

Wells Fargo CEO Scharf shakes up management at scandal-hit bank

Feb 11 2020

Wells Fargo & Co Chief Executive Charles Scharf on Tuesday announced his first major reshuffle since taking over in October, naming several executives to new roles while also tapping a JPMorgan veteran to head consumer lending.

Drug research firm PPD's shares soar in U.S. market debut

Feb 06 2020

Shares of drug research firm PPD Inc rose 14.8% in their Nasdaq debut on Thursday, marking a stellar stock market entry for the second $1 billion-plus flotation of the year.

SoftBank Vision Fund U.S. managing partner Ronen leaves

Feb 04 2020

SAN FRANCISCO SoftBank Group's Vision Fund said on Tuesday that Michael Ronen, a managing partner in the United States who oversaw many of its transportation investments, had left the company.

Reynolds shares brave market jitters to pop on Nasdaq debut

Jan 31 2020

Shares of household goods maker Reynolds Consumer Products Inc weathered market jitters fueled by the spread of the coronavirus to close up almost 10% in their Nasdaq debut on Friday, a bullish start to the 2020 IPO season.

Nasdaq profit tops views as non-trading units take flight

Jan 29 2020

Transatlantic exchange operator Nasdaq Inc on Wednesday reported high-than-expected fourth-quarter earnings, helped by strength in its non-trading businesses.

Morgan Stanley shares soar after Gorman boosts performance targets

Jan 16 2020

Morgan Stanley lifted its performance goals on Thursday after beating Wall Street estimates by a wide margin, the latest sign that Chief Executive James Gorman's strategic vision for the bank is bearing fruit. | Video

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