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Wrapup 1-rbc Warns Of Credit Performance Dependence On Government Aid After Profit Beat
Posted on: Feb. 24, 2021, 1:31 p.m.
Royal Bank of Canada executivescautioned on Wednesday that the company's credit performance in2021 hinges on the outlook for government support after itsquarterly profit beat estimates on much lower than expectedprovisions for loan losses. RBC, Canada's top lender, also flagged a moderation intrading activity this year, after several quarters of strongcapital markets performance and record earnings in the unit inthe first quarter. RBC and National Bank of Canada, the smallest ofCanada's six major lenders, followed rivals Bank of Montrealand Bank of ... Full investment news article
Relevent to this post: Antara Capital
RBC,
Chinese Streamer Iqiyi To Raise New Finance In Debt And Equity Markets
Posted on: Dec. 16, 2020, 11:01 a.m.
Chinese streaming platform iQIYI is returning to the U.S. financial markets for a twin-pronged capital injection. On Tuesday it unveiled plans to raise $800-900 million from the sale of debt instruments, and a similar sum from the sale of new shares. The moves come as the company makes public play of expansionary developments in Southeast Asia, including the opening of a regional office in Singapore which it says will eventually have 200 staff. The prospectus that accompanies the twin capital ... Full investment news article
Relevent to this post: Migration Capital
University of Nebraska Foundation,