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Citigroup cut its earnings and revenue in the I quarter of 2016

Citigroup cut its earnings and revenue in the I quarter of 2016One of the three largest US banks Citigroup Inc. reduced net profit and revenue in the I quarter of 2016. Nevertheless, the bank's financial results were better than analysts' expectations.
Bank of America has reduced the profit by 13%

Bank of America has reduced the profit by 13%The second largest bank assets in the US Bank of America Corp. (BofA) has cut its net profit in I quarter 2016 by 13%. On the bank's performance influenced by low interest rates and falling income from trading operations.
Deutsche Bank increased its profit more than tripled

Deutsche Bank increased its profit more than tripledGermany's largest bank Deutsche Bank AG increased its net profit in II quarter of 2015 more than tripled due to the reduction of tax payments and higher income from trading operations.
Shipbuilding companies in the world have received record losses

Shipbuilding companies in the world have received record lossesThe largest shipbuilding companies in the world - the South Korean Hyundai Heavy Industries Co., Daewoo Shipbuilding & Marine Engineering Co. and Samsung Heavy Industries Co. - Recorded record losses in the II quarter.
Sony plans to manufacture drones

Sony plans to manufacture dronesThe Japanese company Sony plans to manufacture unmanned aerial vehicles with the possibility of remote control. Development will take on the vendor's mobile division in partnership with ZMP.
Credit Agricole increased its profit by 12 times

Credit Agricole increased its profit by 12 timesThe largest French bank Credit Agricole SA, the second largest assets in the country, increased its net profit in II quarter of 2015 by almost 12 times.
Citi intends to close unit Banamex

Citi intends to close unit BanamexUS bank Citigroup Inc. I intend to discontinue the US subsidiary Banamex after allegations of money laundering.
Swiss National Bank bought Apple shares at $ 1.1 billion

Swiss National Bank bought Apple shares at $ 1.1 billionSwiss National Bank (SNB) for the I quarter has increased the purchase of Apple shares to $ 1.1 billion. The Swiss National Bank has received a hole in reserves amounting to 32 billion euros, but also interesting is the information that 18% of total assets invested in foreign stocks.
Painting by Pablo Picasso sold in New York for a record $ 179 million

Painting by Pablo Picasso sold in New York for a record $ 179 millionPainting by Pablo Picasso's "Women of Algiers" was sold at Christie's auction for $ 179.4 million, thus this became the most expensive work of art, departed to the new owner at auction.
Deutsche Bank paid $ 2.5 billion for the manipulation of LIBOR

Deutsche Bank paid $ 2.5 billion for the manipulation of LIBORDeutsche Bank paid a record fine largest financial authorities of the United Kingdom and the United States for accusations of fraud in the interbank interest rate LIBOR.
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