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HSBC Holdings Plc has appointed insider Brendan Nelson as its new chairman, succeeding Mark Tucker. Nelson, 76, joined the board in 2023 and recently served as interim chair.
ABN Amro Group NV announced a major restructuring plan to cut 5,200 jobs, nearly 20% of its workforce, over three years to boost profitability under new CEO.
Thousands of Bank of America customers reported issues with mobile and online banking services on Friday, with many unable to view accounts or seeing incorrect balances.
Share trading for five Islamic banks in Bangladesh has been suspended following a central bank declaration of non-viability, initiating a major merger process.
United Overseas Bank shares fell after the lender set aside S$615 million to cover risks in its US and Greater China commercial real estate loan portfolio.
The IMF has raised serious concerns over Bangladesh's banking sector, where a capital shortfall has exceeded Tk1.55 lakh crore across 24 struggling banks.
An abrupt halt in U.S. penny production has sparked a nationwide shortage, forcing retailers to absorb financial losses from rounding down transactions.
Banco Santander has reported a record net profit of €3.50 billion for the third quarter, marking its sixth consecutive quarter of record earnings, largely due to strong performance in the U.S.
Wells Fargo has announced plans to lay off 444 employees across its Hillsboro, Salem, and Portland offices, with the job cuts taking effect on December 26.
HSBC's CFO Pam Kaur warns of risks from counterparties exposed to private credit losses, despite the bank lifting its full-year profit guidance. Third-quarter profits fell 14% to $7.3 billion, impacte
Evolve Bank & Trust CEO Bob Hartheimer was arrested by the FBI on Thursday in connection with a personal matter, according to sources close to the situation.
Citigroup has elevated CEO Jane Fraser to the role of chair and awarded her a $25 million bonus, signaling strong board confidence in her ongoing strategic overhaul of the Wall Street bank.
