Sales rose 7%, but a weak Q2 profit view and thin margins temper the comeback story.
Six banks made Interbrand’s top brand ranking for their financial performances, influence, and brand strength.
The value of Deutsche Bank shares plummeted on Friday as the price of its credit default swaps spiked. Meanwhile, the news of a probe left UBS and Credit Suisse shares struggling.
It isn’t ready to give up on the main street consumer. Moving forward, the unit faces many hurdles to overcome its losses.
We take a look at how Goldman Sachs’ consumer banking business, Marcus, went from a major bank initiative to being dismantled in a reorg.
Popularity with Gen Z isn’t enough to stop a US reorg at TikTok: With ad sales slowdown looming, the company is shuffling leadership and hoping social commerce moves pay off.
Strong fixed-income trading drove revenue, but profits plummeted. The bank hopes restructuring will drive a turnaround.
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