Banking Sector
Barclays to Cut 5,000 Jobs in AI-Fueled Push to Lower Costs
British banking giant Barclays is eliminating 5,000 roles in a technology and automation-driven cost-reduction effort, alongside a 12% rise in third-quarter pre-tax profits.
Barclays to Cut 5,000 Jobs in AI-Fueled Push to Lower Costs
Barclays announced plans to cut 5,000 jobs as part of an artificial intelligence-driven strategy to lower costs, alongside reporting its third-quarter earnings.
French bond sell-off spreads across Europe
Escalating riots and protests in France have driven up government borrowing costs, sending shockwaves and contagion fears across European financial markets.
Axis Bank Q2FY27 results: Net profit jumps 37.6% YoY on strong NII growth
Axis Bank posted a standalone net profit of ₹7,003 crore for the quarter ended September 30, 2026, marking a 37.6% year-on-year surge fueled by a sharp reduction in provisions.
ICICI Bank Posts 20 Percent Rise in Q2 Net Profit to Rs 14,843 Crore
ICICI Bank posted a standalone net profit of Rs 14,843.03 crore for the September quarter, outperforming analyst expectations amid strong loan growth.
All 23 banks meet capital requirements - BoG Governor
Regulatory officials confirm that all regulated commercial lenders have successfully met statutory capital requirements following previous economic disruptions.
China injects $54 billion into state-owned banks and insurers
The Chinese government has initiated a capital-boosting campaign, directing 360 billion yuan into eight foundational financial institutions to counteract domestic economic pressures.
JPMorgan and major US banks brace for volatility ahead of earnings reports
Major U.S. banks are preparing to release second-quarter performance figures, leading traders to brace for potential volatility across the sector. Options markets indicate varying levels of anticipated price movement for financial institutions including JPMorgan Chase and Wells Fargo.