Strong performance in the UK and Hong Kong has seen profits at HSBC surge by 30% for the three months to the end of September.
Almost 80% of UK executives expect deal volumes to improve over the next 12 months, according to EY’s ninth bi-annual UK Capital confidence barometer, a survey of 1,600 senior executives launched at today’s (Monday) CBI Annual Conference.
Plans to cut 15% of its brand network by the end of the year have been announced by the Co-operative Bank.
The government is today (Friday) publishing its review entitled, RBS and the case for a bad bank: the Government’s Review, which the Chancellor announced in June 2013. RBS has also published its latest set of results today, in which the bank sets out a new direction that will lead it to being a boost to the British economy instead of a burden.
The Financial Conduct Authority (FCA) has published a consultation paper on proposed changes to the way it levies fees, including how much firms will be charged to be authorised to offer consumer credit services.
Martin Wheatley, chief executive of the Financial Conduct Authority (FCA), today (Wednesday) calls for greater transparency to boost the reputation of the asset management sector and a frank and open discussion on how and where dealing commission is spent.
Barclays Bank have announced that the amount that it has set aside to pay compensation for mis-sold personal protection insurance (PPI) is unchanged at £3.95 billion.
The Financial Conduct Authority (FCA) has fined Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A. (Rabobank) for serious, prolonged and widespread misconduct relating to the London Interbank Offered Rate (LIBOR).
European non-performing loans (NPLs) held by banks have increased to €1.2 trillion (up by nearly €100 billion in 12 months) driven mainly by reported increases in Italy, Greece, Spain and Ireland, says PwC in its latest market update published today (Tuesday).
Apple's fourth quarter profits of $7.5 billion (£4.6 billion) have beaten analysts' expectations.