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India

Lawrence White

Barclays beats profit forecasts as CEO Staley aims to stay on

23 Oct 2020

LONDON Barclays on Friday reported stronger than expected third-quarter results thanks to a return to profit for the bank's consumer businesses and Chief Executive Jes Staley said he aimed to stay on for two more years.

Sub-zero rates' squeeze on UK bank profits may scupper lending boom

22 Oct 2020

LONDON Negative interest rates would punch a big hole in UK banks' profits without necessarily delivering the intended lifeline to Britain's frail economy, senior bankers have warned.

Exclusive: HSBC to cut up to 300 jobs in UK commercial banking overhaul - source

21 Oct 2020

LONDON HSBC has launched a restructuring of its commercial banking business in Britain, a source familiar with the matter told Reuters on Wednesday, resulting in around 300 job losses.

'Treasuries on steroids': U.S. banks' mortgage bond trading bonanza

09 Oct 2020

NEW YORK/LONDON Wall Street banks are on track for a record year of revenue from trading U.S. government-backed mortgage debt, industry sources told Reuters, amid a surge in demand - from the Federal Reserve in its battle against the pandemic, and from investors hunting yield.   

Exclusive: HSBC targets net zero emissions by 2050, earmarks $1 trillion green financing

09 Oct 2020

LONDON HSBC will target net zero carbon emissions across its entire customer base by 2050 at the latest, and provide between $750 billion and $1 trillion in financing to help clients make the transition, Chief Executive Noel Quinn told Reuters. | Video

CORRECTED-EXCLUSIVE-HSBC targets net zero emissions by 2050, earmarks $1 trln green financing

09 Oct 2020

* Latest push to help meet goals of Paris Agreement on climate

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