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Zacks News
UK Regulators Allow Banks to Resume Shareholder Distribution
by Swayta Shah
As U.K. bank regulators allow restart of shareholder distribution, HSBC Holdings (HSBC), Barclays (BCS), Lloyds (LYG), NatWest (NWG) & Standard Chartered (SCBFF) are likely to announce the same soon.
European Banks Provide Outlook for Q3, Expect Merger Wave
by Zacks Equity Research
European banks are preparing themselves for merger opportunities, while expecting fee income sources to support revenues in Q3 amid low rates and economic slowdown.
Llyods (LYG) to Cut Jobs, Resume Restructuring to Save Costs
by Zacks Equity Research
Llyods (LYG) to revive cost-saving plans with job cuts in the bank's insurance and wealth management divisions.
Credit Suisse (CS) to Shut Branches, Slash Jobs in Swiss Unit (Revised)
by Zacks Equity Research
Credit Suisse (CS) to move on with restructuring plan of cost savings with enhanced digital services and job cuts.
SVB Financial (SIVB) to Hire 80 Bankers, Expand in U.K.
by Zacks Equity Research
SVB Financial (SIVB), through its banking subsidiary Silicon Valley Bank, is planning to hire 80 workers and expand presence in the U.K.
NatWest Plans Restructuring to Cut Costs Amid Coronavirus Scare
by Zacks Equity Research
NatWest (NWG) intends to slash jobs and close an office, in line with its cost-cutting measures.