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BRIEF-Gladstone Capital Corporation reports net asset value per common share $8.40
Gladstone Capital Corp(GLAD). * Gladstone Capital Corporation(GLAD) reports financial results for its fourth quarter and fiscal year ended September 30, 2017. * Gladstone Capital Corp (GLAD) - qtrly net investment income per common share $0.21. * Gladstone Capital Corp (GLAD) - as of Sept 30, net asset value per common share $8.40 Source text for Eikon: Further company coverage:
CORRECTED-Capital One exits mortgage loans business, cuts 1,100 jobs
Nov 8 (Reuters) - Capital One Financial will stop
issuing mortgage and home equity loans and cut some 1,100 jobs
amid rising interest rates that have pushed away borrowers and
slowed loan growth at many U.S. regional banks.
Capital One to cut roughly 1,000 jobs as it exits mortgage-lending business: reports
Capital One Financial Corp. shares fell 1% in afternoon trade Wednesday, after reports that the credit card and consumer-banking services company was exiting the mortgage-loan business, cutting about 1,000 jobs. The Dallas Business Journal reported late Tuesday that Capital One was planning to lay off 950 employees from its campus in Plano, Texas in the coming months, citing a spokesperson that said the company wasn't in a position to be both competitive and profitable. Reuters reported Wednesday the company will cut about 1,100 jobs, citing a challenging interest-rate environment. The company didn't immediately respond to a request for comment. The stock has gained 2.3% year to date, while the SPDR Financial Select Sector ETF has rallied 13% and the S&P 500 has gained 16%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Capital One exits mortgage loans business, cuts 1,100 jobs
(Reuters) - Capital One Financial will stop issuing mortgage and home equity loans and cut some 1,100 jobs amid rising interest rates that have pushed away borrowers and slowed loan growth at many U.S. regional banks.
IDBI Bank expects balance sheet stability by March 2019
With capital infusion from the government and a turnaround plan in place, IDBI Bank expects stability to return to its balance sheet by March 2019.The government-owned bank, in the red due to large provisioning for loans gone bad, posted a net loss of Rs 198 crore in the quarter ended September (Q2), from a profit of Rs 56 crore in the same period of 2017. The net loss for the June quarter (Q1) was Rs 858 crore.However, operating profit rose by 81.7 per cent to Rs 2,798 crore in Q2 from a year before (it was Rs 877 crore in Q1). M K Jain, managing director, said the growth in operating profit was expected to be 20-22 per cent for the financial year ending March 2018.In September, the bank hired The Boston Consulting Group (BCG) to accelerate its turnaround plan and improve financial performance. IDBI is supposed to focus on four areas -- revenue enhancement, cost control & reduction, asset productivity and overall programme management, in consultation with BCG.Executives said the
BRIEF-Capital One Financial reports Sept. domestic credit card net charge-offs rate 4.39 percent
* Capital One Financial- Sept domestic credit card net
charge-offs rate 4.39 percent versus 4.75 percent in August
Capital One shares rise after higher-than-expected earnings, revenue
Shares of Capital One Financial Corp. rose late Tuesday after the company reported earnings and sales above Wall Street expectations. Capital One said it earned $1.1 billion, or $2.14 a share, in the quarter, compared with $1 billion, or $1.94 a share, in the year-ago period. Excluding one-time items, the company earned $2.42 a share in the quarter. Revenue rose 4% to $7 billion. Analysts polled by FactSet had expected Capital One to report adjusted earnings of $2.14 a share on revenue of $6.8 billion. Shares of Capital One had ended the regular trading down 0.2%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
China Telecom mulls participating in Brazil's Oi capital plan
China Telecom Ltd could participate in a plan to inject fresh capital into Oi SA (OIBRQ), the Brazilian phone carrier under bankruptcy protection, a senior executive at the Brazilian firm said on Friday. Ricardo Malavazi Martins, Oi's chief financial officer, said at the sidelines of an event in Rio de Janeiro that both companies signed a confidentiality agreement about the plan.
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