Sallie Mae to split into two companies, names new CEO
First-quarter net income at Sallie Mae, which has a market capitalization of about $ 10 billion, more than doubled as the lender benefited from a smaller loss in its derivatives and hedging activities and posted a gain from the sale of a loan …
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CIMB Research maintains Neutral on RHB Capital
The research house said the surprising 18% on-year decline in 1Q13 net profit was mainly attributable to the 241.2% on-year jump in loan loss provisioning, partly lifted by a one-off provision for an account. However, non-interest income jumped by 32.2 …
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