LONDON British shares rose on Wednesday as gains for Standard Chartered and other companies reporting well-received results helped offset a pullback in healthcare stocks.
ZURICH Credit Suisse has ditched plans to raise money by listing part of its Swiss business and will instead sell new shares worth about 4 billion Swiss francs (3.12 billion pounds) to get its financial strength back on a par with rivals. | Video
SAO PAULO Banco Santander Brasil SA's profit will likely rise further in coming quarters as Brazil's No. 4 listed bank sells more financial services, cuts loan-loss provisions, and crowds out rivals in key markets despite a slow economic recovery.
LONDON Banks in Britain will start shifting some operations to Continental Europe reasonably soon to avoid disrupting links with customers after Brexit, Barclays Chief Executive Jes Staley said on Wednesday.
FRANKFURT Deutsche Bank is considering whether it needs to move thousands of staff from London to Frankfurt following Britain's decision to leave the European Union, one of its top executives said.
WARSAW/LONDON U.S. bank JPMorgan Chase is zooming in on Warsaw as a destination for its new back office operations centre which could eventually employ several thousand people supporting the bank's European and Asian business, sources said.
MADRID Strong growth for Banco Santander in its largest market Brazil drove a 14 percent jump in group profit in the first quarter, rewarding its pivot towards Latin America in search of higher returns.
LONDON Standard Chartered almost doubled its profit in the first three months of the year after a sharp fall in losses from bad loans, raising the prospect of the Asia-focused bank resuming dividend payments.
PONTE VEDRA BEACH, Fla./BOSTON Wells Fargo & Co shareholders showed displeasure with the scandal-hit bank's board on Tuesday, offering scant support for a dozen directors, including Chairman Stephen Sanger, in a vote capping a contentious annual meeting. | Video
BOSTON/PONTE VEDRA BEACH, Fla. Wells Fargo & Co's directors face an unusual and difficult task after shareholders rebuffed most of them: reformulating the board in a way that satisfies investors without causing more chaos.