Showing 157 to 168 of 274 results
DBS Bank to Cut 4,000 Jobs as AI Takes Over
DBS Bank in Singapore will cut around 4,000 temporary and contract positions over three years as AI takes over tasks, while simultaneously creating 1,000 AI-related jobs, aiming for attrition to manage the reduction.
DBS Bank to Cut 4,000 Jobs as AI Takes Over
DBS Bank in Singapore will cut around 4,000 temporary and contract positions over three years as AI takes over tasks, while simultaneously creating 1,000 AI-related jobs, aiming for attrition to manage the reduction.
Progress
40% Bias Score
HSBC Beats Profit Estimates, Announces Restructuring and Share Buyback
HSBC reported a $32.3 billion pre-tax profit for 2024, exceeding estimates, driven by strong performance in wealth and markets, and announced a $2 billion share buyback and significant cost-cutting initiatives under new CEO Georges Elhedery's restructuring plan focused on Asia.
HSBC Beats Profit Estimates, Announces Restructuring and Share Buyback
HSBC reported a $32.3 billion pre-tax profit for 2024, exceeding estimates, driven by strong performance in wealth and markets, and announced a $2 billion share buyback and significant cost-cutting initiatives under new CEO Georges Elhedery's restructuring plan focused on Asia.
Progress
24% Bias Score
HSBC Revises Climate Target to 2050 Amidst Cost-Cutting and Restructuring
HSBC, Britain's largest bank, abandoned its 2030 net-zero carbon emissions target, revising it to 2050, while announcing £1.4 billion in cost-cutting measures including job losses and a focus on Asian markets, following the departure of its chief sustainability officer.
HSBC Revises Climate Target to 2050 Amidst Cost-Cutting and Restructuring
HSBC, Britain's largest bank, abandoned its 2030 net-zero carbon emissions target, revising it to 2050, while announcing £1.4 billion in cost-cutting measures including job losses and a focus on Asian markets, following the departure of its chief sustainability officer.
Progress
40% Bias Score
Commerzbank to Cut 3900 Jobs to Counter Unicredit Takeover Bid
Commerzbank, facing a potential takeover by Unicredit, plans to cut 3900 jobs by 2027, primarily in Germany, to increase profitability to \$4.2 billion by 2028 and deter a hostile takeover while maintaining a largely constant global workforce of 36,700.
Commerzbank to Cut 3900 Jobs to Counter Unicredit Takeover Bid
Commerzbank, facing a potential takeover by Unicredit, plans to cut 3900 jobs by 2027, primarily in Germany, to increase profitability to \$4.2 billion by 2028 and deter a hostile takeover while maintaining a largely constant global workforce of 36,700.
Progress
40% Bias Score
Unicredit's Commerzbank Bid Sparks Fears of German Economic Slowdown
A potential Unicredit takeover of Commerzbank is causing alarm among German businesses, particularly SMEs, who fear reduced credit access, less favorable terms, and a shift in decision-making to Milan, jeopardizing Germany's economic competitiveness and sustainability goals.
Unicredit's Commerzbank Bid Sparks Fears of German Economic Slowdown
A potential Unicredit takeover of Commerzbank is causing alarm among German businesses, particularly SMEs, who fear reduced credit access, less favorable terms, and a shift in decision-making to Milan, jeopardizing Germany's economic competitiveness and sustainability goals.
Progress
56% Bias Score
CBA Results Highlight Uneven Impact of Cost-of-Living Crisis in Australia
CBA's half-year results show rising personal loan arrears among low-income Australians struggling with cost-of-living pressures, while mortgage arrears increased modestly; the bank expects rate cuts to ease the situation, but the uneven impact of the crisis remains a concern.
CBA Results Highlight Uneven Impact of Cost-of-Living Crisis in Australia
CBA's half-year results show rising personal loan arrears among low-income Australians struggling with cost-of-living pressures, while mortgage arrears increased modestly; the bank expects rate cuts to ease the situation, but the uneven impact of the crisis remains a concern.
Progress
44% Bias Score
Mortgage Rate Cuts and Withdrawals Amidst Inflation Rise
Nationwide and Halifax cut mortgage rates, while Santander withdraws its 3.99% five-year fix due to high demand, amidst rising inflation and speculation about future Bank of England interest rate decisions.
Mortgage Rate Cuts and Withdrawals Amidst Inflation Rise
Nationwide and Halifax cut mortgage rates, while Santander withdraws its 3.99% five-year fix due to high demand, amidst rising inflation and speculation about future Bank of England interest rate decisions.
Progress
36% Bias Score
HSBC Exceeds Profit Targets, Announces Restructuring
HSBC reported a \$32.3 billion pre-tax profit for 2024, exceeding expectations, driven by growth in wealth and markets divisions. CEO Georges Elhedery is implementing a restructuring plan with \$1.5 billion annual cost cuts by 2026 and a \$2 billion share buyback.
HSBC Exceeds Profit Targets, Announces Restructuring
HSBC reported a \$32.3 billion pre-tax profit for 2024, exceeding expectations, driven by growth in wealth and markets divisions. CEO Georges Elhedery is implementing a restructuring plan with \$1.5 billion annual cost cuts by 2026 and a \$2 billion share buyback.
Progress
28% Bias Score
Bank CEOs Urge Cash Rate Cut Amid Disappointing Results
Westpac and Bendigo and Adelaide Bank CEOs urged a 0.25% official cash rate cut on Tuesday to stimulate the economy, citing disappointing Q1 results (Westpac: $1.7 billion profit, -9%; Bendigo: $265.2 million cash earnings, -9.7%) and challenging conditions for businesses and households.
Bank CEOs Urge Cash Rate Cut Amid Disappointing Results
Westpac and Bendigo and Adelaide Bank CEOs urged a 0.25% official cash rate cut on Tuesday to stimulate the economy, citing disappointing Q1 results (Westpac: $1.7 billion profit, -9%; Bendigo: $265.2 million cash earnings, -9.7%) and challenging conditions for businesses and households.
Progress
36% Bias Score
Commerzbank to Cut 3,900 Jobs by 2028 to Counter Unicredit and Boost Profits
Commerzbank will cut 3,900 jobs by 2028, including 3,300 in Germany, primarily in central functions, to counter Unicredit's growing influence and boost profits to €4.2 billion by 2028 while maintaining a roughly constant global workforce of 36,700 through attrition and technology adoption.
Commerzbank to Cut 3,900 Jobs by 2028 to Counter Unicredit and Boost Profits
Commerzbank will cut 3,900 jobs by 2028, including 3,300 in Germany, primarily in central functions, to counter Unicredit's growing influence and boost profits to €4.2 billion by 2028 while maintaining a roughly constant global workforce of 36,700 through attrition and technology adoption.
Progress
36% Bias Score
CVC Exits Ethniki Asfalistiki, Realizing Near 100% Return
CVC Capital Partners is nearly completely divesting from Ethniki Asfalistiki, selling 70% to Piraeus Bank for €469 million, resulting in a near 100% return on investment due to contractual clauses and the increased valuation of €670 million.
CVC Exits Ethniki Asfalistiki, Realizing Near 100% Return
CVC Capital Partners is nearly completely divesting from Ethniki Asfalistiki, selling 70% to Piraeus Bank for €469 million, resulting in a near 100% return on investment due to contractual clauses and the increased valuation of €670 million.
Progress
40% Bias Score
Unicredit Reports Record 2024 Profits; CEO Addresses M&A Speculation
Unicredit reported record 2024 net profits of €9.7 billion, exceeding expectations, while CEO Andrea Orcel addressed potential mergers with Banco BPM and Commerzbank, clarifying the investment in Generali as purely financial.
Unicredit Reports Record 2024 Profits; CEO Addresses M&A Speculation
Unicredit reported record 2024 net profits of €9.7 billion, exceeding expectations, while CEO Andrea Orcel addressed potential mergers with Banco BPM and Commerzbank, clarifying the investment in Generali as purely financial.
Progress
48% Bias Score
Showing 157 to 168 of 274 results