Josh Mitchell

British banking giant Barclays promised to revamp its entire business earlier this year. Barclays London-listed shares rose over 6% to a two-year high after the bank reported better-than-expected profit for the first quarter. “Clearly this is just the first quarter in a 12-quarter plan, but so far, so good,” said Ambrose Faulks of Artemis Investment Management, a large, London-based Barclays shareholder.

HSBC, one of the world's largest banks, is looking for a new CEO to run its sprawling operations at a fraction of the pay of a U.S. bank boss.

Citigroup agreed to pay U.K. regulators $78 million, after a botched 2022 order to sell shares caused a brief “flash crash” in European stocks.

As the U.K. heads to the polls next week, a majority thinks that leaving the EU was a mistake and has delivered few benefits—and new problems.

Matt Hertzog spends 50 hours a week playing Xbox. Leading the charge is Barclays a big player in U.S. credit cards, which wants to do with gamers what card companies long ago did with airline passengers: boost loyalty, and spending, by offering customers rewards when they charge their card. JPMorgan Chase the nation’s biggest bank by assets and top credit-card provider, has invested in startup Tilia, which provides a platform for players to make in-game purchases.

Banks such as Barclays are seeking out customers in the $57 billion-a-year videogame industry.

British banking giant Barclays reported a stronger-than-expected quarter, largely due to a rebound in its investment-banking arm. Barclays said it would buy back £750 million in shares, part of a plan to return £10 billion to shareholders by 2026. Barclays has a big investment bank and credit-card business in the U.S., and it is one of the largest retail and commercial lenders in the U.K. The bank’s stock climbed around 1% in London in early trading.

There is a big management shakeup at HSBC just days before a new chief executive formally takes the helm of Europe's largest bank. Nuno Matos, the head of HSBC's wealth and personal banking division, will leave Sept.

Vickie Bowmer London, Ky. Photo by: Vickie Bowmer London, Ky.

The U.S. is increasingly pulling ahead of the world’s advanced economies, with a surge of investment paying off in higher productivity and wages.