Staff Writer
JPMorgan Chase & Co bankers worked through the night in a "war room" to assess the impact of U.S.
Britain's Barclays will embark on another restructuring round in the coming months to mitigate the effects of margin pressure from competition in
Barclays Plc is laying off dozens of staff in its U.S. consumer banking division as part of a global drive to cut costs, according to a source
HSBC on Monday reported a fresh $3 billion share buyback and a more than doubling of third-quarter profit that nonetheless missed forecasts
Shares were generally flat on Monday in thin trading ahead of the U.S.
Barclays is working on plans to save as much as 1 billion pounds ($1.25 billion), which could involve cutting as many as 2,000 jobs, mainly in
A mix of global economic unease and geopolitical uncertainty means optimism is in short supply among bankers from the City of
Climbing costs at HSBC have added to growing investor concerns about how big banks manage their expenses, putting executives under pressure to
HSBC Chief Executive Noel Quinn said on Tuesday that he plans to step down, marking the surprise departure of a hard-nosed leader who has
Under Chief Executive Noel Quinn, HSBC navigated a global pandemic and a push by rebel investors to
Investors are racing back into European bank stocks after a surprisingly upbeat earnings season, pushing their shares to multi-
A gauge of global stocks rose for the first time in three sessions on Monday, powered by a rally in U.S. equities, while U.S.
Global stocks edged higher in choppy trading on Monday, while U.S.
Once seen as hostile to banks, Britain's Labour has courted lenders in recent years as it attempts to gain power, yet some of the left-leaning
A global equities gauge rose to record levels on Wednesday while U.S.
HSBC Holdings Plc has appointed its Chief Financial Officer Georges Elhedery as its next CEO, the bank said on Wednesday, opting for continuity as it tries to
Delivering growth amid falling interest rates, navigating tensions between China and the West, and managing HSBC's exposure
When Georges Elhedery took a six-month break from HSBC in 2022, some feared he had called time on a 17-year stint at the Asia-focused lender.
Stocks sagged worldwide on Wednesday as earnings from Tesla and European luxury brands disappointed, while oil prices edged higher after
Barclays is winning business from its top Wall Street rivals in prime brokerage, a lucrative investment banking battleground where lenders are
Standard Chartered (StanChart) announced a $1.5 billion share buyback, its biggest ever, and lifted its income outlook for 2024, betting on
HSBC Holdings announced a $3 billion share buyback and upgraded its income outlook on Wednesday, as the bank showed progress
Stocks jumped and bond yields fell on Tuesday after data showed U.S. producer prices increased less than expected in July, reinforcing
Global equity markets eased while the U.S. dollar rebounded on Wednesday, and then chipmaker Nvidia's better-than-expected results failed
Revised UK bank capital rules have thrown a lifeline to smaller lenders struggling to poach market share from Britain's biggest banks, boosting
Oil prices hold near two-week low as weak China data adds to demand concerns
Tech stock selloff deepens as DeepSeek triggers AI rethink
Predator drone maker asks Musk's DOGE to cut Pentagon red tape, letter shows
Japan government nominates Waseda professor Koeda as new BOJ board member
Thompson hits game-winning shot and scores 33 points as Rockets rally past Celtics 114-112
Lady Vols coach Kim Caldwell returns 1 week after giving birth to son
Anthony Davis scores 42 points, grabs 23 rebounds as Lakers top Hornets 112-107 for 4th straight win