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Standard Chartered CEO predicts looming revenue challenge

  Bloomberg Standard Chartered Plc Chief Executive Officer Bill Winters expects erratic swings in global markets to continue for at least the rest of this year, complicating his efforts to reinvigorate earnings and restore the Asia-focused lender’s dividend. Reviving “depressed” revenue in the face of a sluggish economy and a slump in commodities prices is “the big challenge,” Winters said. ...

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Qatar National Bank probes alleged hack

  Doha / AFP Qatar National Bank (QNB) said it is investigating an alleged hack which potentially exposes the names and passwords of a large number of customers. Media reports claimed that a 1.4GB trove of documents has been leaked online anonymously. Among the information reportedly leaked are the bank details of several journalists working for satellite broadcaster Al-Jazeera. Another folder ...

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Santander profit hit by slump at home; currency weakness abroad

Bloomberg Banco Santander SA, Spain’s biggest bank, reported lower first-quarter profit as revenue slumped in its home market and operations aboard were hit by currency effects. Net income fell 5 percent to 1.63 billion euros ($1.84 billion) from 1.72 billion euros a year earlier, the bank said on Wednesday. That beat the 1.5 billion-euro average estimate in a Bloomberg survey ...

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