Wealth Management
London-based Standard Chartered reported an underlying pre-tax profit of US$7.9 billion for 2025, up 16% from US$6.8 billion in 2024. The bank, which derives much of its revenue from Asia, met analysts' estimates and proposed higher dividends along with a share buyback program. CEO Bill Winters noted benefits from a supportive business environment and global trade shifts.
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PNC Bank has introduced direct Bitcoin trading services for its private banking clients, targeting high-net-worth and ultra-high-net-worth individuals. The service, powered by Coinbase, allows clients to buy, sell, and hold Bitcoin seamlessly through PNC. This move positions PNC as the first major bank to offer such integrated crypto services to this affluent group.