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Latest Barclays update: glimpse at Whatsapp inquiry

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Barclays (BARC.L) set aside $200 million to recoup the expenditure in its half-year results on Thursday, joining a number of other European banks feeling...

Deutsche Bank continues to be profitable in Q2 but issues an...

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Previously, it was seen that Drew Goldman, head of global corporate finance coverage and advice at Deutsche Bank, will retire and be succeeded by...

Koerner is anticipated to be named the newest CEO of Credit...

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Ulrich Koerner is anticipated to be named as the new CEO of Credit Suisse Group AG (CSGN.S), the latest management change at the Swiss...

100-bp rate spike from Bank of Canada shakes up markets

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On Wednesday, in an attempt to suppress the growing inflation, the Bank of Canada (BoC) increased its benchmark interest rate by an entire percentage...

Credit Suisse makes headliner again with a verdict on trail

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Credit Suisse (CSGN.S) managed to make headlines again, as they have for the past 18 months over various scandals and distresses. Now, it is...

Credit Suisse on redeeming AT1 bond, and attempt at repaying debt

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Credit Suisse (CSGN.S) has been the hotspot of controversy for a while now, it had chosen to reel investors in for a more expensive...

UAE economy gearing up for vigorous gains and surplus profit

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The National Bank of Kuwait rolled out a report recently forecasting economic growth of 5.3% on average spanning through 2022-23. An impressive feat in...

Canadian banks shrink future bad debt cushion even as economic risks...

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Canadian banks wrapped up second-quarter earnings season, with most reporting better-than-expected profits, in large part by reducing the amounts of funds they set aside...

US bank profits dip as lenders rebuild loss cushions

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U.S. bank profits dropped 6.5% in the first quarter of 2022 to $59.7 billion. This is because larger firms grew their loan loss provisions...

Citi shares climb as Berkshire reveals new $3 BLN stake

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Citigroup Inc's shares rose nearly 8% after a new $3 billion bet by billionaire investor Warren Buffett's Berkshire Hathaway Inc boosted confidence in the battered Wall...