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INSANE: 50 | Rare Historical Photos

HSBC Reports 'Record Profit' Of $30.3 Bn In 2023

HSBC said Wednesday it achieved "record profit" in 2023 as pre-tax gains soared by nearly 80 percent, with the banking giant also announcing further share buybacks.

International Business Times

Nice targets, but scepticism is hard to shake at Barclays

Pledge to return £10bn to shareholders is overshadowed by investment division concerns

The Guardian - UK

Westpac confuses councils, apologises for Mr Bean error

A Westpac email mixing up councils is one of many stories aired at an inquiry into bank closures showing the disconnect between the big four and rural towns.

AAP

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Kerala consumer rights panel holds insurance company, bank accountable for medical claim denial

Ernakulam Consumer Disputes Redressal Commission in Kerala has held a general insurance company and a bank that facilitated insurance coverage accountable for denial of medical insurance claim to a customer and directed them to pay a compensation of ₹2.23 lakh.

The Hindu

Barclays to cut costs by £2bn, raising fears of further job losses

Bank announces drop in profits to £6.6bn as it says it plans to return more to shareholders

The Guardian - UK

Barclays hands £3 billion to shareholders despite profits decline

The bank said today it aims to return £10 billion to shareholders by 2026 with cost cuts of £2 billion

Evening Standard

Bank of England governor predicts UK recession will be ‘very small’, as MPs push for interest rate cuts – as it happened

Andrew Bailey tells MPs there are signs that UK economy is picking up, after GDP shrank in the last two quarters

The Guardian - UK

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US banking giant Capital One to buy Discover Financial for $35.3bn

The proposed acquisition would create the biggest credit card company in the US.

Al Jazeera

China Shares Dip As Central Bank Cuts Key Rate

Mainland China's shares fell on Tuesday as its central bank announced a record cut to a benchmark lending rate in a bid to boost its struggling economy.

International Business Times

Virginia Bank Delays Auction Of Governor's Resort Land

Carter Bank delays auction at Governor Jim Justice's resort to recover defaulted loans. Greenbrier Sporting Club seeks injunction against bank.

Top News

Former Governor Roy Eugene Barnes discusses working with top lawyer

Former Governor Roy Eugene Barnes faces questioning in a Fulton County courtroom. The transcript highlights his collaboration with attorney Craig Gillen an...

The Guardian - UK

‘I’m still proud of what we created’: Metro Bank’s 14-year rollercoaster ride

From its lavish launch parties to a 2019 accounting scandal, the UK challenger bank has been beset by controversy

International Business Times

UK Bank NatWest Shakes Off CEO Turmoil As Profits Jump

British bank NatWest on Friday said net profit jumped nearly a third in 2023 on higher interest rates, adding that Paul Thwaite would become permanent chief executive following boardroom turmoil.

The Guardian - UK

NatWest reports biggest annual profit since 2007 financial crisis

Pre-tax figure of £6.2bn comes as bank confirms Paul Thwaite will take over permanently as chief executive

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Evening Standard

NatWest profits boom sets up government stake share sale

NatWest set itself up for a major sale of its shares back to the public today with a 20% leap in annual profits to £6.2 billion.

The Guardian - UK

UK retail sales rebound after Christmas slump; company insolvencies rise – as it happened

Rolling coverage of the latest economic and financial news, as retail sales in Great Britain rebound by 3.4% in January

International Business Times

Big Firms With $7 Tn Exit Climate Investment Pressure Group

A pair of large investment companies with nearly $7 trillion in assets, said Thursday they exited a climate change investor initiative that aims to pressure companies to quickly cut carbon emissions.

International Business Times

World Bank Approves $300 Mn In New Funding For Afghanistan

The World Bank's executive board has approved $300 million in new funds for Afghanistan, which it will deploy outside the control of the Taliban authorities, the development lender confirmed Thursday.

Kiplinger

Why More People Are Using Small Banks And Credit Unions

More people are considering community banks and credit unions for their lower interest rates and friendlier service.

Top News

Ukraine Rejects Removing Raiffeisen from Russia War Blacklist

Discover the exclusive story of Ukraine's refusal to remove Raiffeisen from the Russian war blacklist, shedding light on the ongoing Ukraine crisis.

The Guardian - AU

At least six Australian banks hit by network outages including Ubank and Bank Australia

Defence Bank, Beyond Bank, People’s Choice and P&N Bank among others to warn smartphone apps and online transfers unavailable on Thursday

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