Banking
IDFC First Bank Q2 Net Profit Jumps to Rs 1,049 Crore on Strong Loan Growth
IDFC First Bank posted a consolidated net profit of ₹1,049.17 crore for the quarter ending September 30, 2026, alongside improved asset quality and loan growth.
Kotak Mahindra Bank Q2 Profit Jumps 29% to Rs 4,212 Crore
Kotak Mahindra Bank posted a 29% year-on-year surge in standalone net profit to Rs 4,212 crore for Q2FY27, supported by loan book growth and improving asset quality.
Barclays Cuts 5,000 Jobs to Boost Automation and AI Efficiency
Barclays is eliminating roughly 5,000 positions by the end of 2026 as part of a sweeping technology-driven efficiency drive.
Barclays to cut 5,000 jobs as AI investment reshapes workforce
Barclays is eliminating 5,000 jobs by the end of 2026 as the bank accelerates its reliance on artificial intelligence and technology-driven efficiency.
Banks say Healey is planning Budget tax raid on their profits
Senior banking executives anticipate targeted tax measures in the upcoming Budget as the government faces pressure regarding public finances.
Banks Struggle to Digest the Mounting Debt Driving the AI Boom
Global equity markets are reckoning with a massive liquidity squeeze as high borrowing costs collide with unprecedented infrastructure capital demands.
China Shut Down 670 Lenders Amid Sinking Loan Growth
Beijing has eliminated a record 670 regional lenders as falling credit demand and a troubled property sector expose severe vulnerabilities in China's rural banking system.
Barclays to open new UK branches in Poole and Bishops Stortford
Barclays is reversing a wave of high street closures by opening new bank branches in Poole and Bishops Stortford to support face-to-face services.
US Senate Republicans release revised Clarity Act ahead of crucial crypto vote
Senate Republicans have unveiled a heavily revised draft of the Clarity Act, featuring stricter ethics rules and Trump's backing ahead of a high-stakes cloture vote.
Macquarie Group names Greg Ward CEO as Shemara Wikramanayake to retire
Greg Ward will become Macquarie Group's next CEO when Shemara Wikramanayake steps down in November 2026. The move follows Wikramanayake's 40-year career at the bank, during which the firm's market valuation grew significantly.
Macquarie's high profile CEO Wikramanayake to retire, replaced by bank veteran
Shemara Wikramanayake is stepping down as Macquarie CEO, with internal veteran Greg Ward appointed to succeed her to provide continuity in the firm's strategy.