HSBC HOLDINGS released its financial results for the third quarter of 2023. The group expressed that it remains committed to targeting a return on average tangible equity (RoTE) in the mid-teens for 2023 and 2024, which excludes the impact of material acquisitions and disposals.
A third dividend of US$0.1 per share was declared, and the group intends to initiate a further share buy-back of up to US$3 billion, which it expe...

Only about 20 bankers will be spared the cuts that will impact Credit Suisse’s 100-strong investment banking team in the territory, the people said, declining to be identified as discussions on the matter were private.
UBS closed a Swiss government-backed deal to buy its troubled peer in June after a series of soured deals sparked an exodus of clients. It has since said it would reduce risk in Credit Suisse’s investment ban...