banking industry
The Latest
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Commerzbank Cutting 10,000 Jobs And Closing Hundreds Of Branches
Germany's Commerzbank plans to reduce branches to 450 from 790 and cut up to 10,000 jobs. Germany's Commerzbank plans to reduce branches to 450 from 790 and cut up to 10,000 jobs. -
2021 Banking Trends That Might Shape The Industry’s Future
Experts predict improved services for consumers with the rise of inclusivity. Experts predict improved services for consumers with the rise of inclusivity. -
Goldman Sachs Reports $3.6 Billion Profit For Its Third Quarter
Goldman Sachs said it gained from participation in initial public offerings both at home and abroad. Goldman Sachs said it gained from participation in initial public offerings both at home and abroad. -
Hong Kong Bank Deposits Surge By $50 Billion Amid Secondary Listing Trend
Deposits in the city are expected to surge further in the coming months amid the wave of newly confirmed IPOs and secondary listings. Deposits in the city are expected to surge further in the coming months amid the wave of newly confirmed IPOs and secondary listings. -
Ping An Insurance Snaps Up HSBC Stock As Price At Unprecedented Lows
Ping An purchased 10.8 million HSBC shares in the open market at an average price of around HK$28.28 per share. Ping An purchased 10.8 million HSBC shares in the open market at an average price of around HK$28.28 per share. -
Bank of East Asia At Peace With Shareholders After Agreeing To Quit Life Insurance
The family run bank says the sale improves the value of its business and allows it to concentrate on its core banking business in China and Hong Kong. The family run bank says the sale improves the value of its business and allows it to concentrate on its core banking business in China and Hong Kong. -
HSBC Stock Hits 25-Year Low On Suspicious Transactions, China's 'Unreliable' List
HSBC shares were last trading in Hong Kong at HK$28.75 – slightly up on its opening price Tuesday of HK$28.50. HSBC shares were last trading in Hong Kong at HK$28.75 – slightly up on its opening price Tuesday of HK$28.50. -
CaixaBank To Merge With State-Owned Bankia In $5.1 Billion All-Share Deal
Analysts predict that the merger between CaixaBank and Bankia could be the start of other consolidations in Europe's struggling banking sector. Analysts predict that the merger between CaixaBank and Bankia could be the start of other consolidations in Europe's struggling banking sector. -
China Construction Bank's Bad Loans Add To Doom, Gloom In First-Half Earnings
CCB's net income for January to June fell 11 percent as businesses failed to meet loan obligations. CCB's net income for January to June fell 11 percent as businesses failed to meet loan obligations. -
ICBC Still China’s Head Hog At The Trough
It's 11 years and counting for ICBC as China's most profitable publicly listed company, according to Warton Economic Research. It's 11 years and counting for ICBC as China's most profitable publicly listed company, according to Warton Economic Research.