Banks

HSBC Holdings PLC warned its bad debt charges could blow past a previous estimate to $13 billion (9.9 billion pounds) this year and said its profits more than halved, as the coronavirus pandemic hammered the bank's retail and corporate customers worldwide.

Cerberus, one of the largest investors in Germany's Commerzbank , said it had grave concerns about Hans-Joerg Vetter, a candidate to take over the chair of the lender's supervisory board, and had its own names to pitch for the job.

A slide in HSBC shares sent the FTSE 100 to its lowest since mid-May on Monday, with investors also looking past a jump in domestic factory activity as COVID-19 cases surged.

Societe Generale SA (SocGen) reported a 1.26 billion euro (1.13 billion pounds) second-quarter loss on Monday, as it booked a writedown on the value of its trading business that it seeks to revamp.

Brazil has chosen Andre Brandao, head of global banking and markets for the Americas at HSBC in the country, as the new chief executive of state-controlled lender Banco do Brasil SA , a government source said on Saturday.

Worried South Koreans are putting banknotes in their microwaves and washing machines, damaging the bills in their attempts to cleanse them of the coronavirus.

Brazilian lender Banco Bradesco SA plans to have employees work from home an average of one week per month permanently in order to save on rent and sell some real estate, Chief Executive Octavio de Lazari Junior said in an interview.

The euro zone's biggest bank, BNP Paribas , beat second quarter profit expectations on Friday, boosted by a surge in fixed income trading and strong demand for corporate finance.

French bank BNP Paribas said on Friday it was creating 400 jobs in continental Europe due to Britain's exit from the European Union, and that it has taken all measures required by regulators to continue to operate in the United Kingdom.