banking industry
The Latest
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Major US Banks Halt Share Buyback Programs For First Half Of 2020
Eight members of the Financial Services Forum have announced the temporary suspension of their respective share buyback programs in an attempt to preserve capital amid the crisis. 
Eight members of the Financial Services Forum have announced the temporary suspension of their respective share buyback programs in an attempt to preserve capital amid the crisis. -
JPMorgan Chase Shares Drop As CEO Undergoes Emergency Operation
The US investment bank's shares dropped by 5 percent following news that its CEO, Jamie Dimon, would be undergoing emergency heart surgery. 
The US investment bank's shares dropped by 5 percent following news that its CEO, Jamie Dimon, would be undergoing emergency heart surgery. -
Bank of East Asia Halts Feud With Elliott Management To Conduct Asset Review
The 101-year old family-run bank has asked Goldman Sachs to conduct a comprehensive review of its assets and to identify other possible strategic transactions. 
The 101-year old family-run bank has asked Goldman Sachs to conduct a comprehensive review of its assets and to identify other possible strategic transactions. -
Wells Fargo To Pay $3 Billion To Settle US Government Investigation
Wells Fargo agreed to pay $3 billion as a settlement over the US government's investigation into its illicit sales practices, which included the opening of millions of fake accounts. 
Wells Fargo agreed to pay $3 billion as a settlement over the US government's investigation into its illicit sales practices, which included the opening of millions of fake accounts. -
Bank Of East Asia To Revamp China Business Amid Increased Bad Loans
The Bank of East Asia Limited has revealed plans of revamping its business in mainland China, shifting its focus towards clients in higher-tier cities. 
The Bank of East Asia Limited has revealed plans of revamping its business in mainland China, shifting its focus towards clients in higher-tier cities. -
ZA Bank Is Hong Kong's First Virtual Bank To Launch Services
ZA Bank has started to roll out its virtual banking services to a limited number of users in Hong Kong, marking the start of a new era in the city's banking industry. 
ZA Bank has started to roll out its virtual banking services to a limited number of users in Hong Kong, marking the start of a new era in the city's banking industry. -
Morgan Stanley Sheds 1,500 Jobs In Mass Layoff
The 1,500 jobs that will be cut represents around 2 percent of the company's total workforce of around 60,500 employees. 
The 1,500 jobs that will be cut represents around 2 percent of the company's total workforce of around 60,500 employees. -
After CEO, Chairman To Resign In Westpac Scandal
Westpac announced early Tuesday the resignation of CEO Brian Hartzer while chairman Lindsay Maxsted will leave his post sometime soon. 
Westpac announced early Tuesday the resignation of CEO Brian Hartzer while chairman Lindsay Maxsted will leave his post sometime soon. -
Bank Of China Sets Eyes On Greek Banking Sector Expansion
After establishing its first branch in Greece, the Bank of China is reportedly now eyeing further expansion in the country with the possible acquisition of bad loans. 
After establishing its first branch in Greece, the Bank of China is reportedly now eyeing further expansion in the country with the possible acquisition of bad loans. -
HSBC To Terminate 10,000 Staff As Part Of Redundancy Measures
Global lender has struggled to boost profitability in Europe as it puts more focus on its Asian operations. 
Global lender has struggled to boost profitability in Europe as it puts more focus on its Asian operations.
