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American Express cuts 5% jobs despite higher profit outlook

American Express plans to cut 5% of its workforce even as it raises its profit forecast, sending shares 3.7% lower on a down day for US markets.

SBI data leak: 3,897 customer records found on dark web

State Bank of India has disclosed a suspected SBI data leak after finding 3,897 records containing personal information on the dark web. The SBI...

Karur Vysya Bank Q2: net profit soars 37% to Rs 788 crore

Karur Vysya Bank Q2: net profit soared 37.3% to Rs 788 crore on strong NII growth, improving margins and benign asset quality. Key numbers inside.

IDBI Bank Sale: Fairfax’s Rs 53,000 Crore Deal Explained

IDBI Bank sale: Fairfax will acquire a 60.72% stake for Rs 53,000 crore in India's largest bank deal. Shares fell 7.5% as the Cabinet approved the sale.

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