Some bankers will curse this success

YOU might think that news of surging profits at an advisory firm would be a cause for cheer in the troubled investment banking industry.


Italian bank to slash 5,000 jobs

Italy's biggest retail bank, stuck to its plan to pay a dividend for 2011 on Tuesday as it announced deeper than expected job cuts that will further trim costs in the face of the sovereign debt crisis.


HSBC doubles profits

Stripping out the gain, underlying profits at HSBC were actually down $1.6bn compared to the same period in 2010 at $3bn, as the bank was hit by a fall in revenues in investment banking and new impairments in its North American business.


HSBC delays decision on quitting UK

HSBC has delayed a decision on whether to move its headquarters out of the UK, saying it had "no idea" how the Government intends to implement the recommendations of the Independent Commission on Banking (ICB).