profits

U.S. bank profits fell 36.5% in 2020 on pandemic concerns – FDIC

FILE PHOTO: The Federal Deposit Insurance Corp (FDIC) logo is seen at the FDIC headquarters in Washington, February 23, 2011. REUTERS/Jason Reed/File Photo February 23, 2021 By Pete Schroeder WASHINGTON (Reuters) – U.S. bank profits fell 36.5% in 2020 from the prior year as banks set aside massive amounts to guard against potential losses, but …

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Australia’s Macquarie reaps windfall profits from U.S. winter freeze

FILE PHOTO: The logo of Australia’s biggest investment bank Macquarie Group Ltd adorns the main entrance to their Sydney office headquarters in Australia, October 28, 2016. REUTERS/David Gray February 22, 2021 By Paulina Duran and Jonathan Barrett SYDNEY (Reuters) – Macquarie Group earned big profits off the winter storms sweeping across Texas and other U.S. …

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China’s industrial profits grow robustly, seventh straight rise | One America News Network

FILE PHOTO: Workers wearing face masks following the coronavirus disease (COVID-19) outbreak load steel products for export to a cargo ship at a port in Lianyungang, Jiangsu province, China May 27, 2020. China Daily via REUTERS/File Photo December 27, 2020 BEIJING (Reuters) – Profits at China’s industrial firms grew robustly in November for a seventh …

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Special Report-How oil majors shift billions in profits to island tax havens

December 9, 2020 By Tom Bergin and Ron Bousso (Reuters) – Bermuda and the Bahamas aren’t exactly big players in the oil-and-gas world. They don’t produce any of the fuels at all. Yet the islands are deep wells of profit for European oil giant Royal Dutch Shell Plc. In 2018 and 2019, Shell earned more …

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U.S. bank profits recover from early 2020 turmoil, still down from year prior | One America News Network

December 1, 2020 By Pete Schroeder WASHINGTON (Reuters) – U.S. bank profits were significantly higher in the third quarter than the first half of 2020, although the industry still lagged behind 2019 levels, a regulator reported on Tuesday. The industry’s profits jumped 173% in the third quarter to $51.2 billion, after firms spent the first …

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