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Category: Corporate Banking


Activity, Corporate Banking

HSBC Private Banking loses global innovation head Diana Biggs

November 18, 2020

Via: FinTech Futures

Biggs originally joined HSBC in 2017 as its head of digital innovation for UK and Europe in retail banking and wealth management. After two years in that role, she moved on to spearheading the private bank’s fintech partnerships, technology innovation, […]


Activity, Corporate Banking

JPMorgan to conduct pay analysis, pay $9.8M to settle DOL claim that it underpaid women

November 11, 2020

Via: Banking Dive

JPMorgan is not the only big U.S. bank to settle with the OFCCP this year. Wells Fargo agreed in August to make job offers to 580 applicants and pay $7.8 million in back wages and interest to settle allegations of […]


Activity, Corporate Banking

Lloyds plans 1,040 job cuts to back office support staff

November 6, 2020

Via: FinTech Futures

The roles lost are grouped around the bank’s technology and retail operations. Lloyds says that this fresh round of cuts is offset by the creation of 340 new roles elsewhere. The bank says the changes reflect its “ongoing plans to […]


Activity, Corporate Banking

Women Suing Goldman Sachs Demand Files with Words They Say Prove Discrimination

November 4, 2020

Via: Insurance Journal

Women suing Goldman Sachs Group Inc. for gender discrimination are going after any internal documents with words like “babe,” “bimbo” or worse that they say would show bias by executives who administered the bank’s promotion and evaluation policies. The women […]


Activity, Corporate Banking

HSBC beats estimates, reports 36% year-on-year fall in pre-tax profit for the third quarter

October 26, 2020

Via: CNBC

Hong Kong-listed shares of HSBC popped on Tuesday after third quarter profits beat market expectations. Europe’s largest bank by assets reported profit before tax of $3.07 billion in the July-to-September quarter, 36% lower than the $4.84 billion recorded a year […]


Activity, Corporate Banking

Covid learnings: Barclays eyes further cuts in office space

October 23, 2020

Via: Finextra

The UK bank posted profit before tax of £1.1 billion, almost double the £507 million analysts had forecast. Provisions for bad loans at £607 million were also way below analyst expectation and 63% down on the previous quarter. However, the […]


Activity, Corporate Banking

Wells Fargo earnings fall short of estimates as low rates hit interest income

October 14, 2020

Via: CNBC

Wells Fargo on Wednesday reported disappointing earnings for the third quarter as low rates put pressure on the bank’s net interest income. Here’s how the banking giant’s numbers stacked up against Wall Street expectations: Earnings: 42 cents per share vs. […]


Activity, Corporate Banking

Goldman Sachs wallops profit estimates on stronger-than-expected bond trading

October 14, 2020

Via: CNBC

Goldman Sachs on Wednesday posted third-quarter results that crushed analysts’ profit estimates on stronger-than-expected results in bond trading and asset management. The firm generated $3.62 billion in profit, or a record $9.68 a share, exceeding the $5.57 per share estimate […]


Activity, Corporate Banking

JPMorgan beats analysts’ profit estimates as the bank sets aside less for loan losses

October 13, 2020

Via: CNBC

JPMorgan Chase on Tuesday posted earnings that beat analysts’ estimates for the top and bottom lines. The lender’s shares dipped slightly after rising 1.5% in premarket trading. The bank posted third-quarter profit of $9.44 billion, or $2.92 per share, exceeding […]


Activity, Corporate Banking

Bank of America teams up with Black-owned Unity bank

October 9, 2020

Via: FinTech Futures

According to Black Business, BoA has acquired approximately 5% of the bank’s common equity. Its investment is aimed at offering benefits to the communities that Unity serves through services such as lending, housing, neighbourhood revitalisation, and more. “Unity remains committed […]