Banking

HSBC to sell US retail bank branches

HSBC Holdings PLC will exit from its U.S. retail and small-business banking operations as the bank shifts its focus to wealth management and international banking, especially in Asia.

JPMorgan elevates 2 women to run bank’s biggest division

JPMorgan Chase will promote two women to jointly manage the bank’s consumer finance division — the bank’s biggest business by far — potentially signaling that a woman may eventually run the nation’s biggest bank.

Visa sees pandemic 'storm' clearing

Visa Inc is emerging from the COVID-19 pandemic, its top boss said on Tuesday, as a surge in online shopping helped the world's biggest payment processor beat Wall Street estimates for quarterly profit and counter sluggish travel spending.

Archegos hit tops $10B after UBS, Nomura losses

The battering to Wall Street banks from Archegos Capital Management topped $10 billion after UBS Group AG and Nomura Holdings Inc. reported fresh hits caused by the fund’s collapse.