Content area
Full Text
TOP NEWS IN GLOBAL FINANCIALS
* U.S. banking giants The Goldman Sachs Group Inc. and JPMorgan Chase & Co. recorded substantial year-over-year increases in their respective second-quarter earnings. Goldman Sachs saw its net earnings applicable to common shareholders surge to $5.35 billion, or $15.02 per share, from $197 million, or 53 cents per share, in the year-ago quarter. JPMorgan's net income amounted to $11.95 billion, or $3.78 per share, up from $4.69 billion, or $1.38 per share, in the year-ago period.
* ING Groep NV will sell its retail banking business in Austria to bank99 AG, representing a step forward in the Dutch lender's strategy to streamline its group-wide businesses. The transfer will begin in the coming months and is expected to be finalized in the fourth quarter. The consideration for the deal was undisclosed and ING did not state the impact of the transaction on its financial accounts. From the deal, bank99 is set to take a roughly €100 million boost in its equity capital by the end of 2021.
* Digital payments firm One Mobikwik Systems Pvt. Ltd. filed a draft red herring prospectus with the Securities and Exchange Board of India for a 19.00 billion rupee IPO, Mint reported. The initial offering, from which the digital payments firm could get a $1 billion valuation, will include a fresh issuance of...