banks

Citigroup considers deep job cuts for CEO Jane Fraser’s overhaul, called ‘Project Bora Bora’

When Citigroup CEO Jane Fraser announced in September that her sweeping corporate overhaul would result in an undisclosed number of…

Singapore’s largest bank DBS beats forecast, quarterly profit jumps 17%

Southeast Asia’s largest lender DBS Group reported a 17% jump in third-quarter profit on Monday, benefiting from a high-interest rate…

Goldman Sachs says the Israel-Hamas war could have major implications for Europe’s economy

The Israel-Hamas war could have a significant impact on economic growth and inflation in the euro zone unless energy price…

Deutsche Bank and UniCredit back $4.5 billion insurance startup Wefox with $55 million in fresh funds

Wefox, the $4.5 billion German insurance technology group, has raised $55 million of fresh funding from Deutsche Bank and UniCredit,…

One paycheck not enough: Digital bank Current finds almost half its customers have multiple jobs

The need for second — and often third — incomes is mounting, according to a top digital bank executive. Current…

Bank of England governor says Israel-Hamas conflict poses risks to inflation fight

Bank of England Governor Andrew Bailey said Thursday that the ongoing Israel-Hamas war poses a potential risk to the bank’s efforts to…

Amazon unveils buy now, pay later option from Affirm for small business owners

Amazon is unveiling its first buy now, pay later checkout option for the millions of small business owners who use…

Credit Suisse intervention avoided ‘financial crisis,’ Swiss National Bank chairman says

Swiss National Bank Chairman Thomas Jordan on Wednesday said the central bank’s interventions during the fall of Credit Suisse were…

UK confirms plans to regulate crypto industry with formal legislation

The U.K. government on Monday confirmed plans to regulate the cryptocurrency industry, announcing in a consultation paper that it will…

HSBC’s after-tax profit surges over 135% year-on-year, announces $3 billion share buyback

HSBC’s profit after tax came in at $6.26 billion in the three months ended September, jumping 135% compared to the $2.66…