banking

JPMorgan profit soars on recovery but questions linger over lending outlook, competition

JPMorgan Chase & Co (JPM.N) second-quarter profits jumped 155% as the U.S. economy continued to rebound, but executives warned on…

4 years ago

JPMorgan’s profit more than doubles despite trading slump

JPMorgan Chase & Co (JPM.N) reported a 155% jump in profit on Tuesday, getting a boost from the release of…

4 years ago

EXCLUSIVE White House to target bank mergers, financial data with competition order

WASHINGTON, July 9 (Reuters) - President Joe Biden's planned executive order to promote greater U.S. competition will target bank mergers…

4 years ago

EXCLUSIVE Turkey’s banks set for capital healing after pandemic battle -sources

Turkey is considering a fresh capital injection for state banks but they also need a plan to deal with lingering…

4 years ago

Australia’s cbank tapers QE but affirms low rates outlook

Australia's central bank on Tuesday took its first step towards tempering its massive stimulus as employment proves far stronger than…

4 years ago

EXCLUSIVE Scandal-hit Credit Suisse considers creating single private bank -sources

Credit Suisse (CSGN.S) is considering centralising the management of its bankers to the world's wealthy, replacing a regional structure, three…

4 years ago

UBS joins peers to track how lending affects environment, jobs

A group of banks, including UBS (UBSG.S) and Singapore's DBS (DBSM.SI), on Wednesday announced plans to create a new way…

4 years ago

Tencent-backed Linklogis, Sunway to jointly seek Malaysia digital bank licence-sources

Malaysian conglomerate Sunway Bhd (SWAY.KL) has teamed up with Tencent-backed Chinese fintech firm Linklogis Inc (9959.HK) and Bangkok Bank PCL…

4 years ago

More changes from Orcel’s shake-up of UniCredit due in coming weeks -sources

MILAN, June 29 (Reuters) - UniCredit (CRDI.MI) is set for further senior management changes in the coming weeks as part of new…

4 years ago

MUFG board beats back climate resolution as activists falter in Japan

Mitsubishi UFJ Financial Group (8306.T) shareholders on Tuesday defeated a proposal for the bank to align its business with global…

4 years ago