HSBC's pretax profit dropped 26% in the first half, signaling challenges ahead for CEO Elhedery as losses mount in China. The bank restructures to adapt to changing markets amid a struggling property sector.
Citigroup launches the Strata Elite card for travelers, aiming to compete with top-tier cards like Chase Sapphire Reserve and Amex Platinum. Is the $595 fee justified?
In a rare visit to the Federal Reserve, President Trump clashed with Fed Chair Jerome Powell over the soaring costs of a renovation project, which Trump claims have reached $3.1 billion, raising questions about fiscal management.
Chevron CEO Mike Wirth is banking on a massive acquisition in Guyana's Stabroek Block to rejuvenate the company's performance, amidst legal battles with Exxon and CNOOC over preemptive rights.
Jerome Powell finds himself under intense scrutiny from the White House over a controversial $2.5 billion renovation project for the Federal Reserve's headquarters, with calls for his potential ousting amid rising costs and Trump's frustrations with interest rates.
Despite initial fears of a recession, U.S. banks are experiencing a remarkable financial boom, with profits soaring and consumer spending remaining strong. Explore how market dynamics are shifting in favor of financial firms.
Bank of America posted mixed results for Q2, with earnings beating estimates at 89 cents per share but revenue missing expectations, leading to questions about future growth amid changing interest rates.
President Trump faces backlash after using the term 'Shylock' to describe bankers, leading to accusations of anti-Semitism. The Anti-Defamation League condemns his remarks, citing their offensive history.
In a stunning legal setback, Jes Staley's attempts to overturn a financial ban related to his ties with Jeffrey Epstein have failed, revealing shocking details during a two-week court hearing.
The Federal Reserve has proposed easing key capital rules that could empower banks to operate more flexibly, despite dissent from some officials concerned about potential risks to financial stability.
