Bloomberg BNP Paribas SA’s joined European peers in pledging higher profitability and bigger shareholder returns, while struggling to contain a surge in costs that’s plaguing the industry. The Paris-based bank on Tuesday set a target for a return on tangible equity — a key measure of profitability — of more than 11% in four years’ time and vowed to ...

  Bloomberg Credit Suisse Group AG will refer its private banking clients to Barclays Plc in nine African markets as the Swiss lender exits most of the sub-Saharan region. “Credit Suisse has signed a private banking client referral agreement with Barclays as part of the plan to exit nine non-core wealth management markets primarily in Sub-Saharan Africa, excluding South Africa,” ...

  Bloomberg US lenders issued more credit cards than ever last year, with a growing share of them going to consumers with lower credit scores. A record 196 million Americans held cards at the end of 2021, according to a report by credit-data agency TransUnion. In the third quarter, the latest for which detailed numbers are available, the number of ...