Banks
PayPal’s new CEO makes Venmo a standalone business unit as potential buyers circle
Enrique Lores, then-CEO of Hewlett-Packard speaks on CNBC outside the World Economic Forum in Davos, Switzerland on Jan. 22, 2025. Gerry Miller | CNBC PayPal CEO Enrique Lores has this week told managers that he is reorganizing the firm’s reporting lines to separate Venmo, the popular mobile payments app, from the company’s other operations, CNBC […]
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UBS profits rocket 80% to $3 billion for first quarter beat
UBS generated a net profit attributable to shareholders of $3 billion for the first quarter, up 80% year-on-year and surpassing the $2.8 billion estimated by analysts, according to an LSEG-compiled consensus poll. The Swiss banking and asset management giant’s common equity tier (CET) 1 capital ratio — a gauge of a bank’s solvency — also […]
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Jamie Dimon warns of ‘some kind of bond crisis’ ahead as global debt risks build
Jamie Dimon, Chairman and Chief Executive Officer of JPMorgan Chase & Co., attends the ribbon-cutting ceremony opening the firm’s new headquarters at 270 Park Avenue, in New York City, U.S., Oct. 21, 2025. Eduardo Munoz | Reuters JPMorgan Chase CEO Jamie Dimon on Tuesday warned that rising government debt levels could trigger a crisis in […]
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How Lloyd Blankfein stopped trying to fit in — and learned to lead as himself
At the start of his career, Lloyd Blankfein made a decision that would define the way he led — stop trying to fit in. In this episode of Executive Decisions, the former Goldman Sachs CEO reflects on growing up in public housing in Brooklyn, arriving at Harvard as an outsider and learning that authenticity was […]
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This bank CEO let his AI clone handle an earnings call — now he’s signing an OpenAI deal
Key Points Customers Bank has signed a multiyear partnership with OpenAI, with engineers set to be embedded at the bank to help automate lending and onboarding, CNBC has learned exclusively. The bank is targeting an improvement in its efficiency ratio from about 49% to the low 40s and higher returns starting in 2027, while codeveloping […]
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South Korea economic growth roared past estimates in Q1, thanks to chips
A screen displays the closing figure of the Korea Composite Stock Price Index (KOSPI) inside a trading room at Hana Bank in Seoul, South Korea, on April 8, 2026. Hwawon Lee | Anadolu | Getty Images South Korea’s economy beat expectations in the first quarter of 2026 to record the fastest growth since mid-2020, as booming semiconductor demand offset the drag of weak public spending, central bank […]
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CEO of Southeast Asia’s largest bank names the ‘new war’ keeping her up at night
For DBS CEO Tan Su Shan, the biggest risk keeping her up at night is not just market volatility or geopolitical shocks, but cyberattacks. “Cyber security. I think the new war is cyber. So what keeps me awake at night is cyber. It’s who’s going to attack who, and how it’s going to happen, how […]
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Lawmakers seek to override state data privacy laws with new bill
Chairman Brett Guthrie, R-Ky., arrives for the House Energy and Commerce markup of the FY2025 budget resolution in Rayburn building on Tuesday, May 13, 2025. Tom Williams | CQ-Roll Call, Inc. | Getty Images Two data privacy bills set to be introduced Wednesday and shared first with CNBC would preempt nearly two dozen state laws […]
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How Standard Chartered rebuilt after crisis: CEO Bill Winters on leading the turnaround
Standard Chartered CEO Bill Winters reflects on leading the bank through one of its most challenging periods — and how he is positioning it for the future of finance across Asia and beyond. When Bill Winters took over Standard Chartered in 2015, the bank was facing mounting pressure from bad loans, regulatory scrutiny and declining investor confidence. […]
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JPMorgan expands $1.5 trillion economic security splurge into Europe
Key Points JPMorgan Chase expands its $1.5 trillion economic security initiative into continental Europe. The 10-year program, launched in the U.S. and Britain last year, will focus on areas including defense, energy and tech. CEO Jamie Dimon said the U.S. and Europe had been too reliant on “unpredictable sources” for goods that are critical to […]
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