Banks

‘If I was the government, I’d close it down’
JPMorgan Chase CEO and Chairman Jamie Dimon gestures as he speaks during the U.S. Senate Banking, Housing and Urban Affairs ...

Mastercard says wide adoption of CBDCs would be ‘difficult’ right now
The difficult part of central bank digital currencies is adoption, said Ashok Venkateswaran, Mastercard’s blockchain and digital assets lead for ...

UBS q3 2023 earnings
The loss was driven by $2 billion in expenses related to the Credit Suisse integration, with the bank recording an ...

Citigroup considers deep job cuts in Project Bora Bora
Managers and consultants working on Citigroup CEO Jane Fraser’s reorganization have discussed job cuts of at least 10% in several ...

profit after tax surges over 235% year-on-year
HSBC’s profit after tax came in at $6.26 billion in the three months ended September, jumping 235% compared to the $2.66 ...

NatWest slides as regulator finds potential breaches over Farage case
NatWest shares fell on Friday, as the British bank said it had made “serious failings” in its handling of politician ...

Interest rates, fees under fire as credit card debt tops $1 trillion
Credit card interest rates and debt are at all-time highs. Consumers used their cards to make more purchases amid pandemic-era ...

UK inflation dips to 6.7%, below expectations as food prices ease
On a monthly basis, the headline consumer price index (CPI) rose by 0.3%. Economists polled by Reuters expected the headline ...

JPMorgan to offer online payroll services
JPMorgan Chase is stepping up its appeal to small business customers by planning to offer digital payroll processing. The bank ...