Financials

This marks the first acquisition by Blackstone’s largest private equity fund.

The bank accounts can be managed through Google Pay.

The bank's net profit was $192 million in the April-June quarter, down from $4.37 billion reported in the same period a year earlier.

Sales of previously owned homes rose 20.7% in June over the prior month to a seasonally adjusted annual rate of 4.72 million, according to data from the National Association of Realtors released last week.

E-commerce payments processor PayPal Holdings Inc beat Wall Street estimates on Wednesday with an 86% increase in quarterly profit, driven by the shift to online spending amid the coronavirus pandemic.

In the second quarter, investment bank revenues rose 46%

Goldman has agreed to pay the government of Malaysia $2.5 billion and to guarantee that it gets at least $1.4 billion in proceeds from assets that have been seized around the globe.

American Express, which earned $257 million in the second quarter, said cardholder spending hit bottom in April before improving in May and June.

IAG's finances have been strained by the pandemic, leading to media speculation that it could need to raise new equity

Blackstone Group Inc.'s second-quarter results rebounded as the surging stock market lifted the value of the private-equity giant's portfolio.

Threats to cyber security has been a topic of rising tensions between the U.S. and China

BlackRock reported a 22 percent jump in second-quarter profit.

Charles Schwab added 552,000 new brokerage accounts in the second quarter as total client assets swelled 11 percent to $4.11 trillion.

Morgan Stanley posted a 45% rise in quarterly profit on Thursday, driven by strong trading gains as the coronavirus pandemic whipsawed global financial markets since March.

Net income of $3.5 billion, or 37 cents a share, still topped the 27-cent average estimate from analysts surveyed by Refinitiv. Both JPMorgan Chase and Citigroup posted double-digit profit declines earlier this week after shoring up reserves.

During the rout in stock markets across the globe in March, UBS’ richest customers took out loans to place billions into crashing stock markets.

Historically-low mortgage rates are helping banks generate revenue amid the COVID-19 pandemic.

The spread of the novel coronavirus around the globe and the resulting economic slowdown have pummeled the banking industry and raised concerns about loan defaults by consumers and big businesses alike.

The San Francisco-based bank lost $2.38 billion in the second quarter as the novel coronavirus continued to pummel the economy. It was the bank’s first loss since the fourth quarter of 2008.

Double-digit growth in stock and bond trading fueled the New York-based bank's revenue gains as investors nationwide moved money to safer assets and took advantage of market volatility.