Australia’s Westpac Banking Corp (WBC.AX) on Monday dropped a cost-cutting goal, blaming inflation, but after easily exceeding first-half profit projections, investors drove the stock higher. May…
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The largest publicly traded bank in Portugal, Millennium bcp (BCP.LS), reported on Monday that stringent cost controls and rising interest rates were to blame for a…
In a statement released on Sunday, SVB Financial company (SIVBQ.PK) said that it has reached a deal to sell its investment banking unit, SVB Securities, to…
On Tuesday, New Zealand announced that it would assess the banks’ profitability and determine whether the sector’s competition was beneficial to consumers SYDNEY, June 20 –…
Although the Bank of Japan is warming to the idea of changing its divisive bond yield control policy later this year, settings are likely to remain…
A global central bank test lab has created a prototype bitcoin monitoring system to provide authorities with a better understanding of how, when, and where the…
By Chen Lin and Yantoultra Ngui SINGAPORE (Reuters) – Banks in Singapore are taking longer than usual to perform due diligence on clients and closing accounts…
Goldman Sachs and Morgan Stanley have announced a slew of layoffs this year as part of a cost-cutting drive to better position themselves for a bleak…
According to a global message to employees seen by Reuters on Wednesday, Citigroup (C.N) managers are analyzing personnel rosters to determine who will stay, be relocated,…
As its subsidiary serving midsize and small businesses makes a global push, JPMorgan Chase & Co’s (JPM.N) commercial bank is expanding into Singapore and Israel this…