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Bank of America posts profit despite core weakness

CHARLOTTE, North Carolina (Reuters) – Bank of America Corp reported a third-quarter profit, boosted by accounting gains, but its main businesses struggled as income from lending and investment banking fell. But the bank’s shares rose as some analysts and investors were heartened by higher-than-expected profit and an increase in quarterly […]

Goldman posts wider-than-expected Q3 loss

(Reuters) – Goldman Sachs Group Inc lost $428 million in the third quarter, only its second quarterly loss as a public company, as its investment portfolio tanked and trading revenue fell. The results underscore how investment banks can face headaches from their assets even as regulators clamp down on risk-taking. […]

New Market Structure: NSE, Quoted Companies meet 171011

Lagos, Nigeria (MBC News) – The administration of Oscar Onyema at the Nigerian Stock Exchange will today meet with the Chief Executive Officers of all quoted companies in Lagos. The dinner event is expected to focus on the final draft of the new Market Structure and Segmentation of the NSE […]