Financial Services

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

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

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

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

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

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

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

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