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Banks

Standard Chartered first-half profit beats estimates, sets new $1 billion share buyback

by Walter Watson
Standard Chartered first-half profit beats estimates, sets new  billion share buyback

A sign above the entrance to the headquarters of Standard Chartered Plc in London, U.K., on Monday, Feb. 14, 2022. Chris Ratcliffe | Bloomberg | Getty Images Standard Chartered reported …

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Regulators unveil sweeping capital rules changes for big banks

by Anas Siddiqui
Regulators unveil sweeping capital rules changes for big banks

Michael Barr (L), Vice Chair for Supervision at the Federal Reserve and Martin Gruenberg, Chair of the Federal Deposit Insurance Corporation (FDIC), testify about recent bank failures during a US …

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BNP Paribas beat estimates on debt financing, cost management

by Walter Watson
BNP Paribas beat estimates on debt financing, cost management

BNP Paribas, the euro zone’s biggest bank, beat estimates in the second quarter as the corporate debt financing business and strong cost management partly offset a slump in securities trading. …

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NatWest CEO Alison Rose resigns after media storm

by Walter Watson
NatWest CEO Alison Rose resigns after media storm

Jonathan Bachman | Getty Images LONDON — NatWest Group CEO Alison Rose resigned after a media storm over the termination of Brexit figurehead Nigel Farage’s bank account by sister lender …

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Spain’s Santander net profit beats forecasts lifted by home market

by Walter Watson
Spain’s Santander net profit beats forecasts lifted by home market

A Santander office building in London. Luke MacGregor | Bloomberg via Getty Images Spain’s Santander on Wednesday said its net profit in the second quarter rose 14% year-on-year to 2.67 …

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Deutsche Bank beats expectations despite 27% drop in profit, jump in costs

by Walter Watson
Deutsche Bank beats expectations despite 27% drop in profit, jump in costs

A Deutsche Bank AG branch in the financial district of Frankfurt, Germany, on Friday, May 6, 2022. Alex Kraus | Bloomberg | Getty Images Deutsche Bank on Wednesday reported a …

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NatWest CEO resigns after admitting to ‘serious error’ over Nigel Farage leak

by Walter Watson
NatWest CEO resigns after admitting to ‘serious error’ over Nigel Farage leak

Alison Rose, NatWest chief executive, (right) departs 10 Downing Street in London, after meeting with Chancellor Jeremy Hunt. James Manning | PA Images | Getty Images NatWest CEO Alison Rose …

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JPMorgan exec Erdoes sought tax advice from Epstein

by Anas Siddiqui
JPMorgan exec Erdoes sought tax advice from Epstein

Mary Callahan Erdoes, chief executive officer of asset management at JPMorgan Chase & Co. Simon Dawson | Bloomberg | Getty Images JPMorgan Chase executive Mary Callahan Erdoes sought advice for …

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Wells Fargo announces $30 billion buyback, shares rise

by Vera Ward
Wells Fargo announces  billion buyback, shares rise

Wells Fargo building in San Francisco. Source: CNBC Wells Fargo shares popped Tuesday after the bank said it would buy back $30 billion in stock. The company also said its …

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Leon Black ties to Jeffrey Epstein probed by Senate panel

by Vera Ward
Leon Black ties to Jeffrey Epstein probed by Senate panel

Leon Black, chairman and chief executive officer of Apollo Global Management LLC, at the annual Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, April 27, 2015. Patrick …

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