Banks

HSBC will target net zero carbon emissions across its entire customer base by 2050 at the latest, and provide between $750 billion and $1 trillion (772 billion pounds) in financing to help clients make the transition, Chief Executive Noel Quinn told Reuters.

It's out with expressionism and in with up-and-coming contemporary art for Deutsche Bank , which plans to auction some 200 pieces from its extensive collection.

Morgan Stanley has agreed to buy Eaton Vance Corp for about $7 billion (5.40 billion pounds) in a cash-and-stock deal that can quickly expand its investment-management business and further expand offerings to retail investors, the bank said on Thursday.

Italian eyewear tycoon Leonardo Del Vecchio said in a newspaper interview on Thursday he was ready to support "ambitious" plans for Mediobanca , after raising his stake in Italy's top investment bank to just above 10%.

Lighter investor positioning in emerging markets heading into the U.S. Presidential election than before the 2016 vote, suggests 'knee-jerk' reactions to the outcome may be contained, Goldman Sachs said in a report.

HSBC shareholders face a future of paltry payouts when regulators restore its powers to pay dividends as the bank's bosses press on with a costly revamp against a backdrop of a global recession and the threat of negative interest rates.

Eyewear tycoon Leonardo Del Vecchio has no plans to take control of Mediobanca , he said on Wednesday after raising his stake in Italy's top investment bank to just above 10%.

Wells Fargo & Co has started to cut jobs at its commercial banking unit as part of larger reductions that will impact nearly all of its functions and business lines, a company spokeswoman said on Wednesday.

Barclays plans to enter four new European private banking markets in 2021, its regional manager for the business told Reuters.