results

Net profit climbed 26% to $7.67 billion last year, but the CEO and some other members of the management committee took a pay cut after MAS took action against the bank over outages.

The bank will pivot away from investment banking and towards its Wealth Management, Swiss Bank and Asset Management divisions, as Ulrich Körner takes the helm.

Credit Suisse’s Asia-Pacific head of investment banking, Helman Sitohang, says strong first-quarter performance shows business in Asia is becoming more sustainably profitable.

Analysts and investors applaud Standard Chartered's 2010 results which show strong growth in both wholesale banking and India.

Despite declaring strong profit growth and a stellar year in global banking and markets, HSBC's share price fell yesterday as investors questioned the higher costs and a reduced return-on-equity target.

Ex-Lehman bankers boost global trading, but personnel expenses drag down investment banking as Nomura finally returns to the black.

The bank reports a net profit of $1.6 billion for the first quarter, but the common stockholder doesn't get a share of the earnings.

Record revenues from fixed income and equity markets corroborate the bank's conviction that balance sheet strength will help it to win market share.

Earnings for the three months to March 31 beat analyst expectations, but December write-offs and a $5 billion capital-raising turn sentiment bearish.