financial services

TOKYO | Sony quarterly profit rises on games, financial services

TOKYO— Japanese electronics and entertainment company Sony Corp.’s net profit rose 32 percent in the last quarter, helped by healthy video game sales and its financial services business, the company said Tuesday. Tokyo-based Sony’s profit totaled 173 billion yen ($1.5 billion) in July-September, up from 131 billion yen the year before. Quarterly sales totaled 2.18 … Continue reading TOKYO | Sony quarterly profit rises on games, financial services

NEW YORK | What comes next in Facebook’s major data breach

NEW YORK— For users, Facebook’s revelation of a data breach that gave attackers access to 50 million accounts raises an important question: What happens next? For the owners of the affected accounts, and of another 40 million that Facebook considered at risk, the first order of business may be a simple one: sign back into … Continue reading NEW YORK | What comes next in Facebook’s major data breach

LONDON | Bankers downplay Brexit impact on London’s hub status

LONDON— Leading bankers sought Tuesday to downplay the immediate impact of Brexit on London’s role as the hub of the financial services industry in Europe and on jobs. Addressing lawmakers on the influential Treasury Select Committee, they said the industry has in recent years dealt with bigger issues than Britain’s looming exit from the European … Continue reading LONDON | Bankers downplay Brexit impact on London’s hub status

LONDON | Don’t panic! UK outlines plans to ease no-deal Brexit impact

LONDON— Britain will unilaterally accept some European Union rules and give EU financial services firms continued access to the U.K. market in order to maintain stability if the country crashes out of the bloc without a deal, the government said Thursday. Details of Britain’s “no-deal” plans came in a raft of documents laying out government … Continue reading LONDON | Don’t panic! UK outlines plans to ease no-deal Brexit impact

Cayman Islands Economic Growth Surpasses 2017 Projections

GRAND CAYMAN, Cayman Islands/ July 17, 2018 (STL.News) With economic growth projections surpassed for 2017, analysts say the Cayman Islands is enjoying an economic boom. The latest report from the Cayman Islands Economics and Statistics Office shows the jurisdiction’s GDP grew by 2.9 per cent in 2017, a jump from the 2017 third quarter projection … Continue reading Cayman Islands Economic Growth Surpasses 2017 Projections

PNC Raises Common Stock Dividend To 95 Cents Per Share

PITTSBURGH/ July 5, 2018 (STL.News) — The board of directors of The PNC Financial Services Group, Inc. (NYSE: PNC) declared a quarterly cash dividend on the common stock of 95 cents per share, an increase of 20 cents per share, or 27 percent, from the second quarter dividend of 75 cents per share. The dividend, … Continue reading PNC Raises Common Stock Dividend To 95 Cents Per Share

BNY Mellon and Texas Treasury Safekeeping Trust Company Complete Exchange of Ownership Stakes in Amherst Capital for Minority Interest in Amherst Holdings

NEW YORK/ July 2, 2018 (STL.News) — BNY Mellon Investment Management (“BNY Mellon”) and Amherst Holdings, LLC (“Amherst” or “Amherst Holdings”), today announced the completion of the transaction through which BNY Mellon has exchanged its majority equity interest in Amherst Capital Management LLC (“Amherst Capital”) for a minority equity stake in Amherst Holdings (“Amherst”). Texas … Continue reading BNY Mellon and Texas Treasury Safekeeping Trust Company Complete Exchange of Ownership Stakes in Amherst Capital for Minority Interest in Amherst Holdings