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Banks

Barclays jumps 6% after announcing major strategic overhaul

by Adrian Jhonsan
Barclays jumps 6% after announcing major strategic overhaul

LONDON – Nov. 5, 2020: Fog shrouds the Canary Wharf business district including global financial institutions Citigroup Inc., State Street Corp., Barclays Plc, HSBC Holdings Plc and the commercial office …

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Categories World

Capital One acquiring Discover Financial Services, report says

by Adrian Jhonsan
Capital One acquiring Discover Financial Services, report says

Sopa Images | Lightrocket | Getty Images Capital One Financial is set to acquire Discover Financial Services, according to a report from The Wall Street Journal. The deal could be …

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Categories World

Paytm Fastag alternatives: List of all the banks where you can get your new FASTag |

by Ev Richard
Paytm Fastag alternatives: List of all the banks where you can get your new FASTag |

Amist the Reserve Bank of India’s (RBI) guidelines, National Highway Authority of India (NHAI) has removed Paytm from the authorised Fastag provider list. Although, RBI has extended the deadline Paytm …

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Categories Technology

Companies make 2024 the year of cost cuts

by Adesola Mojo
Companies make 2024 the year of cost cuts

Mathisworks | Digitalvision Vectors | Getty Images Corporate America has a message for Wall Street: It’s serious about cutting costs this year. From toy and cosmetics makers to office software …

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Categories Automobile

Affirm buy now pay later vendor discusses loans, delinquencies

by Adrian Jhonsan
Affirm buy now pay later vendor discusses loans, delinquencies

A young man holds a credit card and uses a laptop for online shopping. Diy13 | Istock | Getty Images Americans shopping online after midnight often make riskier transactions and …

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Categories World

Why we’re eyeing a trade

by Adrian Jhonsan
Why we’re eyeing a trade

Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Friday’s key moments. 1. U.S. stocks declined Friday …

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Categories World

High rates help Germany’s Commerzbank post best results in 15 years

by Adrian Jhonsan
High rates help Germany’s Commerzbank post best results in 15 years

Commerzbank on Thursday reported a 55% hike in net profit for 2023, as high interest rates helped the German banking giant report its best results in 15 years. Net profit …

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Categories World

JPMorgan Chase, Wells Fargo cut overdraft revenue to $2 billion in 2023

by Adrian Jhonsan
JPMorgan Chase, Wells Fargo cut overdraft revenue to  billion in 2023

Pedestrians pass a JPMorgan Chase bank branch in New York. Michael Nagle | Bloomberg | Getty Images The three biggest American retail banks collected 25% less overdraft revenue last year …

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Categories World

Societe Generale posts sharp profit drop as net banking income slides

by Adrian Jhonsan
Societe Generale posts sharp profit drop as net banking income slides

A logo outside a Societe Generale SA bank branch in Paris, France. Bloomberg | Bloomberg | Getty Images Societe Generale on Thursday reported a sharp decline in fourth-quarter net profit …

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Categories World

UBS beats earnings expectations, announces up to $1 billion share buyback

by Adrian Jhonsan
UBS beats earnings expectations, announces up to  billion share buyback

Fabrice Coffrini | Afp | Getty Images Swiss banking giant UBS on Tuesday narrowly beat fourth-quarter earnings expectations and announced that it would recommence share buybacks worth up to $1 …

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Categories World
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