The bank achieved 12 quarters of consistently strong performances since 2010, while CEO Piyush Gupta managed to achieve the main goals outlined in his nine-point strategic roadmap.
Thanks to analytics predictions, retailers rolled out online sales and promotions earlier this year resulting in $1.5b in sales, a large boost over last year’s.
Violation of US sanctions and the deliberate deletion of thousands of transaction records have seen Dutch Bank ING paying a record amount in settlement.
JPMorgan shocking trade loss looks set to spur regulators and lawmakers to seek details on those trades in an attempt to better establish the Volcker rule.
With 15 large US lenders downgraded and Asian banks upgraded or maintained, S&P shows its confidence in Asian banking; Moody’s and Fitch maintain negative outlooks on American banks.
