How HSBC and Standard Chartered are riding high on Asia’s wealth Banking London’s banking giants are circling the UK’s wealth management pie. But two other top lenders could be carving out a feast 6,000 miles away. HSBC and Standard Chartered posted hefty bumps to their wealth divisions, driven by a strategic focus on Asia and the Middle East. In financial results shared on Wednesday, HSBC revealed bank-wide [...]
‘Vulnerable’ Lloyds and Barclays shares dip as tariff turmoil hits FTSE 100 Banking Lloyds and Barclays shares tumbled into the red this morning as “vulnerable” City banking stocks got caught in the FTSE 100’s tariff turmoil. The FTSE 350 bank index tumbled over one per cent at open to 8,184.62 as lenders were struck with volatility at the opening bell. Barclays led the slump at over two per [...]
Standard Chartered hikes investor returns despite profit miss Banking Standard Chartered handed out bumper investor returns following its full-year results despite the London-listed bank missing its profit target pencilled in by analysts. The Asian-focused lender recorded a two per cent uptick in pre-tax profit to $814m, falling below analyst expectations of $1.1bn. The miss came as net interest income performed weaker-than-expected, slumping 12 per [...]
Natwest and Lloyds shares lead FTSE 100 rally after bruising week February 16, 2026 Natwest led a rally across Britain’s banking giants on Monday morning as lenders patched their wounds after a bruising week on the stock market. The bank topped the FTSE 100’s risers at the starting bell, gaining over four per cent in early trading to 603.60p. Barclays was shortly behind, advancing over 2.5 per cent to [...]
FTSE 100 Live: Heathrow traffic record; Homebuilders call for help February 11, 2026 Good morning and welcome back to the City AM liveblog. Yesterday the FTSE 100 retreated on a slew of miserable corporate news. Leading the blue-chip index’s downturn was BP, which announced it would suspend its share buyback programme and increase cost-cutting goals as it looks to reverse its fortunes in the next financial year. The [...]
Standard Chartered shares fall as finance boss exits for Apollo February 10, 2026 The finance boss of Standard Chartered has made a swift exit from the bank as he takes up a top job at asset manager Apollo. Diego De Giorgi, who joined the bank in September 2023 before becoming chief financial officer in January 2024, stepped down to lead Apollo’s European, Middle East and Africas region. The [...]
Formula 1 signs Standard Chartered up as major partner January 27, 2026 Standard Chartered has penned a deal with Formula 1 to become the motor sport’s wealth management and investment banking partner. The City of London-headquartered firm will be involved with Formula 1 as part of a multi-year deal, with Standard Chartered’s branding set to feature trackside. The bank’s chief of corporate and investment banking, Roberto Hoornweg, [...]
Motor finance, Madoff fraud, tax fears – bank shares defy the noise October 31, 2025 A motor finance battle, hefty impairment charges and the shadow of 2008 all cast over banks third-quarter results but beneath the fog investors are rewarding the FTSE 100’s top lenders for another bumper quarter. The FTSE 350 banks index has risen nearly four per cent this month and is up 17 per cent for the [...]
Standard Chartered shares hit 12-year high after income upgrade October 30, 2025 Banking giant Standard Chartered has upgraded its income target for the full-year after its booming wealth business powered profit higher. The FTSE 100 lender posted a pre-tax profit of $1.8bn (£1.36bn) in the three months to September, ahead of the $1.5bn pencilled in by analysts. Shares in the bank jumped to a 12-year high after [...]
FTSE 100 Live: OpenAI plots IPO, Shell kicks off $3.5bn buyback October 30, 2025 Good morning from the City AM liveblog team. The war of words between banks and private credit ratcheted up on Wednesday, after a trio of bosses from private lenders rounded on claims their industry played a pivotal role in a string of recent debt-related collapses, branding it “misinformation”. During a fiery evidence session in the [...]