(1 May 2020 – China) China’s largest listed banks posted strong profit growth in Q1 2020 despite the coronavirus pandemic weighing heavily on economic activity globally noting net […]
(3 December 2019 – Canada) Four of Canada’s Big Six banks reported weaker quarterly profit in 2019 and have added to provisions set aside to cover loan losses […]
(21 September 2019 – Europe) Commerzbank is set to cut a further 2,300 jobs and close 200 branches across Germany as it seeks to halt a sharp decline […]
(20 September 2019 – Asia) Mitsubishi UFJ Financial Group is preparing to cut half its Asian investment banking workforce outside Japan as it struggles with dwindling profits. Executives […]
(4 June 2019 – Australia) The Productivity Commission has singled out declining investment in research and development (R&D) and a lack of innovation by local corporates for Australia's […]
(6 May 2019 – Australia) Westpac Banking Corporation said its first-half cash profit fell 22 percent despite its New Zealand arm reporting a 7 percent rise. Westpac Banking […]
(6 March 2019 – Global) Revenues from transaction banking rose 9 percent last year as the mundane task of helping businesses manage their cash flow has quietly become […]
(6 February 2019 – Australia) Commonwealth Bank posted a $4.7 billion profit in the six months to December, falling short of market expectations due to compensation and compliance […]
(13 November 2018 – Australia) Digitisation remains a key focus for major banks as regulatory costs and capital adequacy pressures were highlighted repeatedly in 2018 annual bank reporting. Improving […]
(7 November 2018 – Australia) Australia’s big four banks have reported a 5.5 percent drop in overall cash profit in the 2018 financial year as the country’s banking […]
