Banking News
The latest developments, earnings reports, and strategic shifts across global banking.
Barclays Restructures Investment Banking Division Amid Market Shift
Barclays is undertaking a major restructuring of its investment banking arm, consolidating advisory and capital markets teams to improve efficiency and client coverage.
Standard Chartered Reports 22% Rise in Trade Finance Revenues
Standard Chartered's trade finance division delivered strong results, with revenues climbing 22% year-on-year as cross-border trade volumes rebounded across emerging markets.
HSBC Expands Asian Wealth Division with $3B Investment
HSBC Holdings has committed $3 billion to expand its wealth management operations across Asia-Pacific, targeting high-net-worth individuals in Singapore, Hong Kong, and mainland China.
JPMorgan Reports Record $14.6B Quarterly Profit as Investment Banking Revenues Surge 38%
JPMorgan Chase has reported a record quarterly profit of $14.6 billion, driven by a 38% surge in investment banking revenues. The results exceeded analyst