Fast-growing buy now, pay later arrangements are cutting into banks’ highly profitable credit card divisions
Incident comes as US bank seeks to assuage regulatory concerns over its risk management processes
Plus, BP goes back to basics amid Elliott’s pressure campaign and ex-Barclays chief Jes Staley wants to clear his name
Citi, HSBC, Morgan Stanley and Royal Bank of Canada agree to pay over £100mn
Trump’s return to the presidency has sharpened criticism of diversity, equity and inclusion programmes
Conglomerate steps up effort to cut its holdings in US lenders over recent months
Old-school passive vehicles grabbed less than 25% of new money, losing out to active rivals
Wall Street bank’s move to retain top staff follows sweeping restructuring to boost profitability
Bank says staff can work from home two days a week as rivals and Trump administration want workers at desks
Ida Liu was one of few senior female executives below chief executive Jane Fraser
Liquidated investment firm Alcimos claims bank’s ‘inaccurate’ advice cost it millions of euros in potential fees
Robust performance in trading and dealmaking and strong economy fuel big year for lending giants
Expected cost of renovations come on top of £1.2bn bank spent buying skyscraper in 2019
Bank lags behind rivals on important measure of profitability, despite CEO Jane Fraser’s overhaul
Bank has lagged well behind rivals on important measure of profitability
Pact was aimed at limiting investment in and lending to industries that contribute to greenhouse gas emissions
Companies take advantage of huge investor demand to pull forward bond issuance originally planned for next year
But Trump’s impact remains major uncertainty for markets, say strategists
Passing reference in US criminal indictments prompted HSBC to probe transactions
As payment fraud proliferates, governments, banks and tech companies disagree on who should cover consumer losses
As few as 2,000 employees could receive pay and title bumps in the next month, down from about 8,000 in previous rounds
More bonuses will go to those who move client assets into investments, and less to those who sell new loans
Banks plan staggered shifts and downtown hotel rooms for suburb dwellers to staff floors around tight race outcome
The US bank plans to capitalise on its wide range of in-house services with white-label platform
Bank must spend to fix the areas where regulators require faster progress, complicating efforts to bring costs down
