Employees of HSBC’s China Securities branch set up communist unit

worker hsbc Holdings plc’s Chinese securities subsidiary has formed an entity that represents the Communist Party,…

Bank of America’s revenue rises on consumer power, but profit falls 32%

bank of america Second-quarter profit fell 32%, but revenue grew on strong consumer spending and lending.…

Madcap Markets Pushes Goldman Sachs to Higher Trading Revenues, But Profits Fall

Goldman Sachs Group It said on Monday that second-quarter earnings were down 47%, kicking off earnings…

Citigroup deposit shows upside in downdraft

If deposits are the fuel that powers banking, investors can increasingly focus on price at the…

Former Credit Suisse president Antonio Horta-Osorio joins Mediobanca as senior advisor

Italian mediobanca Banca di Credito Finanziario SpA hired ex swiss credit Group AG Chairman Antonio Horta-Osorio…

Stock investors, after a brutal stretch, have rarely been this pessimistic

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Bank of America fined $225 million for pandemic unemployment benefits

federal regulators fined bank of america $225 million for mishandling the distribution of unemployment benefits and…

JPMorgan Chase’s defensive moves aren’t the whole story

JPMorgan Chase It may look like it’s playing defense, but a lot of things are still…

JPMorgan’s profit drops 28%

The nation’s largest bank set aside another $428 million to cover potential future loan losses, a…

Bank earnings will give clues about whether a recession is coming

The US economy may or may not go into recession. Investors will look at the bank’s…