#banking services (trbc)

[digitaltariq]

Finnish insurer Sampo's Q2 pretax profit drops 19%

Finnish insurer Sampo’s Q2 pretax profit drops 19%

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HELSINKI, Aug 5 (Reuters) – Finnish financial group Sampo reported a 19% drop in second-quarter pretax profit on Wednesday but said it had reversed the March to April drop in the market value of its investment assets.

The pan-Nordic insurer, which owns 19.9% of Nordea Bank , reported a pretax profit of 407 million euros ($481 million) compared with the 442.3 million forecast by…

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Square Capital says it has issued $820 million of PPP loans NEW YORK (Reuters) - Square Capital, a unit of payments company Square Inc, said on Monday it has issued more than $820 million worth of loans to small businesses to help them weather the economic shutdown brought on by the coronavirus pandemic.

[itsyourbizme]

U.S. banks prepare branches for gradual post-coronavirus re-opening

U.S. banks have been stocking up on masks and other supplies and setting up acrylic barriers to prevent spreading the novel coronavirus as they ready their branches for the country's gradual reopening, executives and suppliers told Reuters.

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Tech firms sweeten deals for U.S. banks cutting costs in crisis BENGALURU (Reuters) - Top technology services firms are offering payment deferrals, discounts of up to 20% and other sweeteners to some U.S.

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China regulator detects sale of banking, insurance customer data by criminals BEIJING (Reuters) - China’s banking and insurance regulator said on Wednesday it had detected sales of banking and insurance sector customer data overseas by criminals, without specifying how many individuals had been affected.

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WeWork troubles deepen as SoftBank pulls $3 billion tender offer (Reuters) - SoftBank Group Corp (9984.T) said it has terminated a $3 billion tender offer for additional WeWork shares agreed last year with shareholders, drawing threats of legal action and plunging the floundering office space company further into crisis.

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SoftBank terminates $3 billion WeWork tender offer FILE PHOTO: The logo of SoftBank Group Corp is displayed at the SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017.

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SoftBank to abandon $3 billion deal for additional WeWork shares FILE PHOTO: The logo of SoftBank Group Corp is displayed at the SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017.