NatWest profit jumps as cost-of-living crisis looms
LONDON, April 29 (Reuters) – British lender NatWest (NWG.L) posted a 41% jump in first-quarter profit on Friday, as rising rates boosted income even as they threaten to further squeeze household incomes. While banks have benefitted from the end of COVID-19 lockdowns and higher benchmark rates, NatWest CEO Alison Rose said she was “very aware of the […]
HSBC profit falls on credit charges as economic outlook worsens
HSBC (HSBA.L) has shelved plans for fresh stock buybacks this year after reporting an unexpected hit to its capital on Tuesday, as a cocktail of rising inflation, geopolitical drama and economic weakness dented its prospects.
EXCLUSIVE Goldman, JPMorgan among banks left holding Russian stocks by sanctions switch
A decision last month by FTSE Russell and MSCI to remove Russian stocks from their indexes has left some of the world’s largest banks inadvertently holding potentially valuable positions, several sources familiar with the trades told Reuters.
Russia’s Sberbank in Europe faces closure after savers demand money
The European arm of Sberbank (SBER.MM) , Russia’s biggest lender, faces failure, the European Central Bank (ECB) warned on Monday, after a run on its deposits sparked by the backlash from Russia’s invasion of Ukraine.
Oil rises above $105 after Russia attacks Ukraine
Oil prices jumped on Thursday, with Brent rising above $105 a barrel for the first time since 2014, after Russia’s attack on Ukraine exacerbated concerns about disruptions to global energy supply.
Barclays boosts investor payouts after record annual profit
LONDON, Feb 23 (Reuters) – Barclays (BARC.L)reported a record annual profit for 2021 and returned 2.5 billion pounds to shareholders via dividends and buybacks, as bad loan charges plunged and its investment bank continued its strong recent performance. The British lender on Wednesday reported a pretax profit of 8.4 billion pounds ($11.42 billion), above analyst expectations […]
JPMorgan to boost Asia private banking headcount by over 100 this year – sources
JPMorgan Chase & Co (JPM.N) plans to boost its private banking business headcount in Asia by more than 100 this year, two people with direct knowledge of the matter said, joining its peers in a push to grab a bigger share of the region’s wealth.
EXCLUSIVE Qatar targets $10 billion of investments in U.S. ports -sources
Qatar plans to invest at least $10 billion in U.S. ports and has approached international banks for financing help, three finance sources say, in an infrastructure spree that reflects the Gulf country’s deepening ties with Washington.
BNP Paribas to sell Bank of the West to Canada’s BMO for $16 bln
BNP Paribas (BNPP.PA) said Monday it is to sell U.S. unit Bank of the West to Canada’s BMO Financial Group for $16.3 billion in a deal that will give France’s biggest bank a huge step up in firepower for deals and buybacks.
Exclusive: HSBC says clients must have plan to exit coal by end-2023
Europe’s leading banker to corporate Asia, laid out its long-awaited policy on financing thermal coal on Tuesday, and said it expected all its clients to have a plan in place to exit the fossil fuel by the end of 2023.
