Bank lost more than peers in second quarter as customers struggled to access services
Upbeat investment bank performance a boost for chief executive Jes Staley
Lender’s profits still more than doubled in most recent quarter
Investors and China-watchers on the prospects for a resolution of the trade standoff with the US
Corporate and investment banking units suffer falling revenues in third quarter
Research firm Preqin predicts continuing speedy growth for buyout groups
Each basis point rise in sovereign yields heaps more pressure on domestic lenders
The pressure is on for banks to lean more heavily on capital markets, wealth management and other nonmortgage sources of fee income. That could get tougher in upcoming quarters.
A smaller provision for loan losses helped counteract declining loan volume and higher expenses during the third quarter.