UOB Shares Plunge More Than 5% as Third-Quarter Profit Misses Estimates
Singapore lender blames weaker trading and investment income and narrowing margins, though wealth management momentum held up.
Nov 4, 20263 views
Banking
IDBI Bank Staff Launch Two-Day Strike Against Fairfax's $5.6 Billion Takeover
Over 10,000 employees walked out as unions and opposition parties demanded a parliamentary review of the sale of India's first privatised state-run lender.
Nov 2, 20262 views
Barclays to Cut 5,000 Jobs as AI Takes Over Bank Work
The roughly 5% reduction, about 5,000 of 93,000 staff, lands as investors sour on the AI trade and megacap earnings disappoint.
Oct 22, 20263 views
Intesa Sweetens Monte dei Paschi Bid to €35 Billion as Investor Backs Deal, Antitrust Probe Looms
Goldstone Capital, a top-10 MPS investor, backs Intesa’s €35 billion takeover as Monte dei Paschi resists and Italy opens an antitrust probe.
Oct 16, 20263 views
Bank Stocks Brace for Higher-for-Longer Rates as Earnings Season Looms
Investors weigh fat rate-driven margins against AI disruption fears, credit risk and a muted deals pipeline ahead of Q3 results.
Oct 14, 20262 views
HSBC Weighs Sweeping Job Cuts in UK Wealth Management as AI Push Accelerates
The reported plan would reshape how the bank serves affluent clients, folding AI deeper into a unit central to CEO Georges Elhedery's turnaround.
Oct 7, 20264 views
ABN Amro Welcomes Dutch State's Plan to Cut Stake to 10.5% in Fifth Sell-Down
CEO Marguerite Berard backs The Hague's long-stated aim of fully returning the bailed-out lender to private hands as NLFI launches a fifth trading plan.
Oct 7, 20263 views
Julius Baer Shares Hit Record High as Swiss Regulator FINMA Ends Benko Probe
FINMA's closure of enforcement proceedings removes a two-year overhang and clears the way for buybacks, though a Monaco AML fine keeps compliance in focus
Sep 29, 20264 views
Goldman Sachs Charts Asia Growth Path Amid Global Shifts
At the Asia Leaders Conference, APAC President Kevin Sneader outlines regional strategy, while the firm expands in India and refocuses its long-term business mix.
Sep 1, 20263 views
Absa Charts Ambitious African Expansion, Retail Push, and Telecom Venture Amid Investor Skepticism
South Africa's Absa Group posts solid half-year earnings and unveils a bold strategy spanning merchant banking, SMME lending, and an MVNO, even as market value slips nearly R22 billion.
Aug 19, 20263 views
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