U.S. banking regulators unveil proposal to update low-income lending standards

WASHINGTON (Reuters) – Two U.S. banking regulators unveiled a proposed overhaul to community lending standards on Thursday, kicking off a contentious policy fight over the proper way to ensure banks are supporting lower-income borrowers where they do business. The proposal would offer banks more specific examples of what sort of Continue Reading

HSBC private banking sees double-digit asset, revenue growth on Asia boost

HONG KONG (Reuters) – The private banking business of HSBC Holdings PLC is aggressively pursuing double-digit growth in client assets and revenue, riffing off a surge in Asian wealth, the unit’s chief executive told Reuters. FILE PHOTO: Anti-government demonstrators walk past a board with the logo of HSBC during a Continue Reading

Diversity helps UBS defy banking gloom with profit rise

ZURICH (Reuters) – UBS (UBSG.S) delivered its best second-quarter results in nearly a decade on Tuesday, as strength in Swiss retail and corporate banking helped to offset weakness in wealth management. FILE PHOTO: A man walks past a UBS logo projected on a screen in Singapore, January 14, 2019. REUTERS/Feline Continue Reading