Bloomberg HSBC Holdings Plc is exploring whether to cut ties with dozens of French companies as part of its sweeping global restructuring. The lender’s French unit may drop 40 businesses, according to an internal document prepared by external consultants and seen by Bloomberg News. The plan would shrink its French corporate client base by a fifth. The proposed reductions aim ...

Bloomberg Italy’s plan to sell bailed-out lender Banca Monte dei Paschi di Siena SpA has become more complicated following the convictions of the bank’s former chairman and chief executive for false accounting and market manipulation. The sentence landed just as the government was seeking to take advantage of a wave of consolidation in the financial sector to sell its majority ...

Bloomberg JPMorgan Chase & Co., in its third quarter under the shadow of the pandemic, showed that the surge in trading is holding up — and so are borrowers. The biggest US bank posted a surprise increase in earnings, fueled by a 30% jump in markets revenue as elevated volume kept its stock and bond traders busy. The lender also ...