Scandal ‘will hit bank earnings’

National Australia Bank faces as much as a $140 million hit to earnings in the UK after being caught up in a lending insurance scandal that is set to cost the banking sector there billions of.

A Wells Fargo Bank is shown in Charlotte, North Carolina, U.S., September 26, 2016. REUTERS/Mike Blake. Wells Fargo & Co reported its fourth straight fall in quarterly profit as it set aside funds for potential legal costs amid an increasingly politicized bogus-account scandal that cost Chief Executive and Chairman John Stumpf his job.

The scandal-plagued bank turned in some pretty impressive first-quarter numbers. Latest Stock Picks. Wells Fargo: Strong Earnings, but Is the Bank Ready to Move On?

Deutsche Bank’s week from hell just got worse after reported links with Epstein and a US probe into its role in the 1MDB scandal Yusuf Khan Jul. 11, 2019, 06:21 AM Big U.S. retailers have been faced with a reckoning.

The plunder of black wealth in Chicago, captured in film -The Associates | Mozambique – Licensed to plunder – zam magazine-napoles asks Sandigan to reconsider denial of contest plea on plunder rap – plunder of black wealth in Chicago, captured in film – Chicago Reporter-Venezuela’s mining arc: a legal veneer for armed groups to plunder – The Guardian

LOS ANGELES (MarketWatch) — Italy’s central bank on Saturday approved a bailout request for 3.9 billion euros ($5.3 billion) from a bank hit by a trading scandal, according to reports.

Analysts expect the bank to report $8.9 billion in revenue and $4.99 in earnings per share, according to FactSet. The bank’s shares were buffeted last year by the 1MDB scandal, the biggest.

Michelle Davis, finance reporter at Bloomberg News, joins Catherine Murray to discuss Citi's quarterly results as bank earnings season kicks off in the U.S..

Wells Fargo & Co’s profit dropped for the fourth straight quarter as it set aside funds for potential legal costs from a bogus account scandal that cost former Chief Executive and Chairman John.

The bank also set aside greater funds in case of bad loans. JPMorgan results were also hit by a $143 million loss for a loan to South African retail giant Steinhoff. Other large banks are also expected to report losses on Steinhoff, which is mired in an accounting scandal.

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Scandal-hit Steinhoff reports $400 million loss in half-year earnings. July 12, 2019. Facebook. Twitter. Google+.. as the damage from a massive accounting scandal drags on..

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