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Banks

Analysts proved wrong as HSBC surpasses expectations with a staggering 89% YOY increase in Q2 pre-tax profit

by Adrian Jhonsan
Analysts proved wrong as HSBC surpasses expectations with a staggering 89% YOY increase in Q2 pre-tax profit

An HSBC Holdings bank branch in Hong Kong on May 24, 2022. A Hong Kong-based trade platform launched by HSBC Holdings three years ago with much fanfare has shut down …

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Categories World

ASEAN advances towards economic unity with the introduction of a new regional payments system

by Adrian Jhonsan
ASEAN advances towards economic unity with the introduction of a new regional payments system

Presiden Indonesia, Joko Widodo, memberikan pidato pada Pertemuan Menteri Luar Negeri Asosiasi Negara-Negara Asia Tenggara (ASEAN) di Jakarta, Indonesia pada 14 Juli 2023. Sistem pembayaran lintas batas baru-baru ini diterapkan …

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Categories World

While the Dow lost momentum, the U.S. economy remained resilient.

by Adrian Jhonsan
While the Dow lost momentum, the U.S. economy remained resilient.

People shop in a Manhattan store on July 27, 2023 in New York City. Spencer Platt | Getty Images News | Getty Images This report is from today’s CNBC Daily …

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Categories World

Big Banks Face Extensive Capital Rule Changes as Regulators Announce Overhaul

by Craig Fedirighi
Big Banks Face Extensive Capital Rule Changes as Regulators Announce Overhaul

Michael Barr (L), Vice Chair for Supervision at the Federal Reserve and Martin Gruenberg, Chair of the Federal Deposit Insurance Corporation (FDIC), testify about recent bank failures during a US …

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Categories Business

Potential Increase in U.S. Regional Bank Failures Anticipated Following Fed Hikes

by Adrian Jhonsan
Potential Increase in U.S. Regional Bank Failures Anticipated Following Fed Hikes

Shark Tank investor Kevin O’Leary predicts the ongoing cycle of U.S. Federal Reserve rate hikes could lead to more regional U.S. bank failures. Fed Chair Jerome Powell said the Fed …

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Categories World

UOB, a Singapore bank, anticipates moderate improvement in NIM following the Fed rate hike

by Adrian Jhonsan
UOB, a Singapore bank, anticipates moderate improvement in NIM following the Fed rate hike

Singapore’s United Overseas Bank is expecting “some upside” in interest income in the next quarter, after the U.S. Federal Reserve announced a fresh rate hike overnight. UOB’s core net profit …

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Categories World

Barclays’ Q2 2023 Earnings Report Unveiled

by Adrian Jhonsan
Barclays’ Q2 2023 Earnings Report Unveiled

Barclays bank reported second quarter earnings Thursday. Bloomberg | Bloomberg | Getty Images Barclays said Thursday that it expects to earn less interest in its U.K. division, as analysts flagged …

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Categories World

NatWest CEO Alison Rose steps down amid media controversy

by Adrian Jhonsan
NatWest CEO Alison Rose steps down amid media controversy

NatWest Group CEO Alison Rose has resigned following the controversy surrounding the termination of Nigel Farage’s bank account by sister lender Coutts. Rose admitted to discussing the details of Farage’s …

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Categories World

Deutsche Bank surpasses expectations despite experiencing a 27% decline in profit and rise in costs

by Adrian Jhonsan
Deutsche Bank surpasses expectations despite experiencing a 27% decline in profit and rise in costs

A Deutsche Bank AG branch in the financial district of Frankfurt, Germany, on Friday, May 6, 2022. Alex Kraus | Bloomberg | Getty Images Deutsche Bank on Wednesday reported a …

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Categories World

Shares rise as Wells Fargo reveals $30 billion buyback plan

by Craig Fedirighi
Shares rise as Wells Fargo reveals  billion buyback plan

Wells Fargo building in San Francisco. Source: CNBC Wells Fargo shares popped Tuesday after the bank said it would buy back $30 billion in stock. The company also said its …

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Categories Business
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