HSBC has posted annual pre-tax profits of $29.9bn, outperforming market expectations despite significant write-downs in its Chinese operations. The bank’s performance has paved the way for a $3.9bn bonus pool, …
Category:
Finance
Major U.S. banks are weighing a rare legal strike against the Office of the Comptroller of the Currency over its pro-crypto stance. Representing forty of the nation’s largest lenders, the …
America’s central banking system confronts an extraordinary challenge this week as it deliberates over interest rates while operating with significantly reduced economic intelligence. The Federal Reserve’s December meeting comes at …
Andrew Bailey, the Governor of the Bank of England, found himself defending a controversial decision this week as he announced the first reduction in bank capital rules since the 2008 …
London’s financial district is set for a dramatic addition as JP Morgan unveiled plans for a £3 billion headquarters tower, while Goldman Sachs announced major Birmingham expansion, both occurring hours …
Britain’s financial services industry experienced a substantial market boost on Tuesday following growing indications that contemplated tax increases would not materialize in the imminent budget. Share prices across major banking …
The recent shutdown of the UN-backed Net Zero Banking Alliance (NZBA) has sent shockwaves through the green finance world. After global banks, including UK-based HSBC and Barclays, walked away, the …
The UK’s biggest banks look set to avoid a fresh tax rise in this month’s budget, following reports that Chancellor Rachel Reeves wants to protect the sector’s competitiveness and maintain …
For decades, the 4% rule has been touted as the gold standard for retirement planning. But while it might work in the U.S., applying it blindly in India could lead …
The European Union has introduced stricter screening rules for foreign investments, expanding its oversight to safeguard critical sectors and EU-wide security. The revised framework, adopted by the European Parliament’s trade …