Global Banking Monitor

Friday, May 10, 2024

Stripe employees get to sell $1bn of shares

It's good news for the Stripe employees...

Strategies for Upskilling Your Workforce in an AI-Driven Economy

In an era where artificial intelligence (AI)...

Five Strategies for Enhancing Internal Communications in Banks

In the fast-paced world of banking, effective...

Tag: income

HSBC’s Income Doubles as Rising Rates Boost Performance; Announces $2 Billion Share Buyback

HSBC Holdings (HSBA.L) raised its key profitability target and announced a fresh $2 billion share buyback on Tuesday, as rising central bank interest rates...

Australia’s Major States Grapple with Budget Strains Due to Income Squeeze

Australia's Major States Grapple with Budget Strains Due to Income Squeeze Australia’s two biggest states will struggle to return their budgets to surplus as the...

U.S. Banks Concerned About Interest Income Weakness Despite Upbeat Quarter

Comerica and Huntington Bancshares on Friday sharply cut their interest income growth forecasts for 2023, the latest U.S. banks to sound the alarm over...

Capital One Financial Surpasses Profit Estimates, Boosted by Increased Interest Income

Consumer lender Capital One Financial reported a second-quarter profit on Thursday that beat analysts' estimates, helped by higher income from borrowers following a rise...

Fifth Third Bancorp Exceeds Profit Expectations with Strong Interest Income

Fifth Third Bancorp on Thursday posted a better-than-expected second-quarter profit, as interest rate hikes by the U.S. central bank boosted its interest income. On an...

BofA Reports Surging Profit Driven by Interest Income and Investment Banking Gain

Bank of America's (BAC.N) second-quarter profit beat Wall Street estimates as it earned more from customers' loan payments while investment banking and trading fared...

Wells Fargo Reports 57% Profit Increase, Boosts Outlook for Interest Income

Wells Fargo (WFC.N) raised its annual forecast for net interest income (NII) after its profit surged 57% in the second quarter, sending its shares...

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