Barclays sees triple net profit in latest quarter

Barclays sees triple net profit in latest quarter

By Anna Domanska - May 03, 2021

Barclays PLC logged a stellar performance in its first quarter with net profit almost tripling on the back of a brighter economic outlook for both the UK and US. The stimulation pa

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StanChart posts modest gains; reveals plans to cut branches worldwide

StanChart posts modest gains; reveals plans to cut branches worldwide

By Anna Domanska - Apr 30, 2021

Standard Chartered Bank posted an 18% increase in first-quarter pre-tax profit at $1.4 billion, topping the analyst forecast of $1.08 billion. The banks also said it will slash its

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Deutsche reports highest quarterly profit in 7 years

Deutsche reports highest quarterly profit in 7 years

By Anna Domanska - Apr 29, 2021

Deutsche Bank’s profit in the first quarter of 2021 hit a seven-year high at €1 billion, up from €66 million reported a year earlier. The bank’s profit before tax c

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HSBC profits rise as the global economy begins recovering

HSBC profits rise as the global economy begins recovering

By Christy Gren - Apr 27, 2021

HSBC Holdings Plc. shares jumped 2% after Europe’s largest lender by assets reported a better-than-expected quarterly profit on Tuesday. The Hong Kong-listed bank’s shares trad

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Amex says business travel recovery will take another two years

Amex says business travel recovery will take another two years

By Anna Domanska - Apr 26, 2021

The US consumers are slowly resuming travel and spending on entertainment and eating out, but overall travel spending is still weak and will take some years to bounce back to pre-C

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Emerging markets raise $191 billion in foreign debt markets but outcome may turn risky

Emerging markets raise $191 billion in foreign debt markets but outcome may turn risky

By Anna Domanska - Apr 24, 2021

Investors are warning governments and companies of developing nations against borrowing from overseas markets as the virus is witnessing a resurgence in these countries.  The borr

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Goldman Sachs invests $69 million in fintech Starling

Goldman Sachs invests $69 million in fintech Starling

By Anna Domanska - Apr 19, 2021

Goldman Sachs Growth Equity has invested £50 million ($69 million) in UK digital bank, Starling. The investment is in addition to the bank’s oversubscribed £272 million Ser

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Major US banks report surge in profits for the quarter

Major US banks report surge in profits for the quarter

By Anna Domanska - Apr 16, 2021

Three major US banks —JPMorgan Chase & Co., Wells Fargo & Co. and Goldman Sachs Group Inc.—reported earnings results for the first quarter of 2021.

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Bitcoin Price surges above $63,000 ahead of Coinbase IPO

Bitcoin Price surges above $63,000 ahead of Coinbase IPO

By Anna Domanska - Apr 16, 2021

Bitcoin price has once again soared over $63,000 USD as the cryptocurrency market braces for the upcoming Coinbase IPO. The San Francisco-based cryptocurrency exchange platform, wh

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