Banks

‘If I was the government, I’d close it down’

Barbara Terrio

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

Barbara Terrio

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

Barbara Terrio

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

Barbara Terrio

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

Barbara Terrio

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

Barbara Terrio

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

Barbara Terrio

Credit card interest rates and debt are at all-time highs. Consumers used their cards to make more purchases amid pandemic-era ...

Apple, Amazon, and 3 More Quality Stocks to Buy After the Selloff

Barbara Terrio

Text size Patrick T. Fallon / AFP via Getty Images The market has sold off, and some high-quality names look ...

UK inflation dips to 6.7%, below expectations as food prices ease

Barbara Terrio

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

Barbara Terrio

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