German central bank losses soar, wiping out risk provisions
Losses incurred by the German central bank rocketed into the tens of billions in 2023 due to higher interest rates,…
Capital One’s acquisition has $1.4 billion breakup fee if rival bid emerges, but none if regulators kill deal
Capital One‘s blockbuster takeover proposal for Discover Financial includes a $1.38 billion breakup fee if Discover decides to go with…
Here’s why Capital One is buying Discover in the biggest proposed merger of 2024
Capital One’s recently announced $35.3 billion acquisition of Discover Financial isn’t just about getting bigger — gaining “scale” in Wall…
HSBC posts record annual profit but misses estimates on China write-down, shares tumble 7%
HSBC‘s full-year 2023 pretax profit missed analysts’ estimates on Wednesday, hit by impairment costs linked to the lender’s stake in…
Barclays jumps 8.6% after announcing major strategic overhaul
LONDON — Barclays on Tuesday reported a fourth-quarter net loss of £111 million ($139.8 million) as the British lender announced…
Shopping online at 2 a.m.? That’s a red flag for buy now, pay later lender Affirm
Americans shopping online after midnight often make riskier transactions and are more likely to default on their loans, according to…
Wells Fargo says regulator has lifted a key penalty tied to its 2016 fake accounts scandal
Wells Fargo said Thursday one of its primary regulators has lifted a key penalty tied to its 2016 fake accounts…
As online romance scams rise, banks ask for help to save victims billions
The banking industry is seeking help from the federal government and the social media industry to stop an escalating crisis…
Big banks have drastically cut overdraft fees, but customers still paid $2.2 billion last year
The three biggest American retail banks collected 25% less overdraft revenue last year as the companies, under pressure from regulators…
Societe Generale posts sharp profit drop as net banking income slides
Societe Generale on Thursday reported a sharp decline in fourth-quarter net profit on the back of weaker net banking income,…
