banking

StanChart CEO says companies must act on climate change, can’t bank on governments

Companies should not rely on governments to reach agreement at a global summit on climate change this year, but rather…

4 years ago

Australia’s NAB to buy Citi’s local consumer business in $882 mln deal

National Australia Bank (NAB.AX) will buy Citigroup's (C.N) local consumer unit for about $882.24 million, the companies said Monday, as the American bank exits…

4 years ago

Indian bankers in talks as court rulings threaten over $6 billion in loans

Informal talks are taking place to deal with the fall-out from two rulings by India's Supreme Court that threaten the…

4 years ago

EXCLUSIVE Banker behind report alleging HSBC racism resigns over lack of support

The author of a report alleging institutional racism inside HSBC (HSBA.L) has resigned, citing frustration at its response to some of his…

4 years ago

ING reports $2.5 bln pretax profit, plans dividends and buybacks

ING Groep NV (INGA.AS) on Friday reported a better-than-expected quarterly pretax profit of 2.07 billion euros ($2.45 billion) and said…

4 years ago

Singapore’s DBS bets on post-pandemic recovery, profit up on lower credit costs

Singapore's DBS Group Holdings (DBSM.SI) flagged strong loan growth and lower credit costs ahead after a rebound in its mainstay…

4 years ago

Italy’s Treasury under siege over Monte dei Paschi deal

Italy's Treasury is under fire from ruling parties seeking guarantees for Monte dei Paschi's employees and Siena's local economy, after…

4 years ago

Australia’s deal boom set to intensify on cheap cash, pandemic confidence -bankers

Australia's record merger-and-acquisition (M&A) boom can only intensify in the near term as ultra-low interest rates and confidence that the…

4 years ago

Goldman Sachs to raise pay for junior investment bankers – Business Insider

Goldman Sachs Group Inc (GS.N) is raising salaries for its junior employees in the investment bank division, Business Insider reported…

4 years ago

Santander profit beats forecasts on strong UK, U.S. performance

Spain's Santander (SAN.MC) beat forecasts with a 35% jump in second-quarter underlying profit on the back of lower loan loss…

4 years ago