Standard Chartered Plc reaped the benefits of rising rates and market volatility as it reported third-quarter profits ahead of analysts’ estimates, even as it increased provisions to deal with the worsening economic outlook. Retail banking gained from increasing interest rates as Standard Chartered reported an uplift in its net interest income, while its traders’ revenue were boosted by the volatile ...

Barclays Plc plans to hire more than 1,000 staff in the coming weeks to help consumers manage their finances through the looming downturn, according to Chief Executive Officer (CEO) C.S. Venkatakrishnan. The British bank follows similar moves by HSBC Holdings Plc and Virgin Money UK Plc as consumers struggle with the fastest price rises in four decades coupled with high ...

The latest tumble in Hong Kong stocks puts at risk of losses the around $15 billion of complicated structured products linked to that market that have mostly been sold to retail investors in South Korea. As of September, $14.8 billion of equities-linked securities products, or ELS, tied to Hang Seng China Enterprises Index had yet to mature, according to the ...