Lloyds Beats Forecasts and Begins to Unwind Covid Provisions

Lloyds Beats Forecasts and Begins to Unwind Covid Provisions

Lloyds Banking Group Plc beat forecasts in the first quarter as it reversed some provisions for bad loans, saying the British economy shows signs of recovering from the Covid-19 pandemic. Pretax profit of 1.9 billion pounds ($2.6 billion) came in ahead of …
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Ethereum hits fresh ATH as fanboys dream of 'The Flippening'

Ethereum has broken through the $US2,700 level for the first time ever, while Bitcoin remains well off its highs, giving hope to Ether fanboys awaiting ‘The Flippening’ that the smart contract platform can eventually become the premier cryptocurrency.
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Santander kicks off hunt for UK unit chief as earnings surge

Santander is overhauling the management of two of its most important European businesses, including starting the search for a chief executive in the UK, as it looks to boost profitability after reporting its strongest quarterly …
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Sony profit driven by music, financial units

The Japanese entertainment and electronics company said Wednesday that net profit for the quarter ended March rose to 107.00 billion yen ($984.1 million) from Y12.64 billion a year earlier. That soundly beat the estimate of Y46.78 billion from a FactSet poll of …
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QuantumScape Defends Its Battery Breakthrough Against the Short Sellers

Bloomberg Green: When did you start thinking about batteries? Jagdeep Singh: I had just purchased a Tesla Roadster after it was introduced in 2008.
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