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By Sinead Cruise, Lawrence White, Scott Murdoch and Selena Li LONDON/SYDNEY/HONG KONG (Reuters) -Under Chief Executive Noel Quinn, HSBC navigated a global ...
By Sinead Cruise, Lawrence White, Scott Murdoch and Selena Li LONDON/SYDNEY/HONG KONG (Reuters) - Under Chief Executive Noel Quinn, HSBC navigated a global pandemic and a push by rebel investors to break up the 160-year bank. His surprise departur...
As claims poured in from Hurricane Ida, executives of Lighthouse Insurance Co. scrambled to land an infusion of cash from investors, both to assuage concerns from regulators and in hopes
As claims poured in from Hurricane Ida, executives of Lighthouse Insurance Co. scrambled to land an infusion of cash from investors, both to assuage concerns from regulators and in hopes
NatWest First-Quarter Profit Slumps 27% as Savings, Mortgage Competition Bite usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
By Lawrence White LONDON (Reuters) -British bank NatWest’s first-quarter profit fell by a less than expected 27%, it said on Friday, having weathered a sector-wide squeeze on income from increased competition for savings, lending and mortgage products over the past year. Rising central bank interest rates and political and media attention on the rates banks…
LONDON (Reuters) -Barclays reported a 12% fall in first quarter profit on Thursday, as a squeeze on UK mortgage pricing, lower income from trading and a drought of M&A fees showed the difficulties it will face in delivering its first strategic revamp in a decade. The British bank reported pretax profit for the January-March period of 2.3 billion pounds ($2.84 billion), down from 2.6 billion pounds a year ago and narrowly above analysts' forecasts for 2.2 billion. Barclays is bidding to restore investor faith in its universal banking business model, after years of share price underperformance, clashes with activists over the role of its investment bank, and management turnover.
Barclays Q1 Profit Falls 12% as Mortgage Competition, Deals Drought Hit usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
Barclays reported its first quarter profit fell 12% on Thursday, as it showed early signs of the difficulties it will face in delivering on its first strategic revamp in a decade. ...