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HSBC shares sink 3% after pre-tax annual profit misses estimates on impairment costs

The London-based lender suffered a "valuation adjustment" of $3 billion on its stake in Bank of Communications.

Barclays jumps 8.6% after announcing major strategic overhaul

Barclays on Tuesday reported a fourth-quarter net loss of £111 million ($139.8 million) as the British lender announced an extensive strategic overhaul.

Shopping online at 2 a.m.? That’s a red flag for buy now, pay later lender Affirm

Affirm, run by PayPal co-founder Max Levchin, is among a new breed of fintech lenders competing against credit cards issued by banks.