In an attempt to mitigate costs, Deutsche Bank DB is planning to slash nearly 2000 headcount of its retail bank in 2025 with a "significant" reduction in the number of branches, chief executive officer...
For Immediate ReleaseChicago, IL – March 19, 2025 – Today, Zacks Equity Research discusses HSBC Holdings plc HSBC, Barclays PLC BCS and NatWest Group plc NWG.Industry: Foreign BanksLink: https://www.zacks.com/commentary/2431260/3-foreign-bank-stocks-to-bet-on-from-a-prospering-industryBanks...
Banks worldwide have been continuously restructuring their businesses to focus on core operations. While these initiatives are expected to result in elevated expenses, they will drive growth in the long...
UBS Group AG UBS received regulator approval to sell its stake in the China securities joint venture, Credit Suisse Securities (“CSS”), per a Bloomberg report. The move is part of UBS’s efforts to...
HSBC Holdings PLC HSBC remains well-positioned for growth on the back of restructuring initiatives, relatively higher interest rates and expansion efforts in Asia. However, rising costs and subdued revenue...
During yesterday’s trading session, Barclays BCS stock touched a new 5-year high of $16.27 on the NYSE. In the past six months, the stock has soared 37.7%, outperforming the industry’s growth of 8.7%....
For Immediate ReleaseChicago, IL – January 14, 2025 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events...
As part of the investment banking expansion strategy, Deutsche Bank DB is making efforts to strengthen its fixed-income trading business in the Americas. This was reported by the Financial Times.Ram Nayak,...
Canadian Imperial Bank of Commerce CM is scheduled to report fiscal fourth-quarter 2024 results (ending Oct. 31) on Dec. 5 before the opening bell. The company’s quarterly earnings and revenues are expected...
UBS Group AG UBS is on track to gain full ownership of its securities venture in China, UBS Securities Co. Limited (“UBS-S”). This move comes as UBS’ joint venture (JV) partner, Beijing State-owned...