Bank strategy and results
US banks passed the Federal Reserve’s annual stress test with flying colours - except the portion intended to measure how supplementary leverage ratios hold up under extreme stress.
The chairman of Industrial and Commercial Bank of China is more concerned about long-term challenges to the country’s financial sector than the short-term threat posed by bad loans.
Jefferies Group confirmed what its larger rivals have already predicted — a weak second-quarter earnings environment for financial companies due to a lack of volatility.
Citigroup has poached two of UBS’s most senior Asia-Pacific bankers.