Banks across Europe have endured a difficult year, and some experts say the effect on U.S. stocks is forthcoming.
State-rescued Royal Bank of Scotland posts a massive £2.045 billion ($2.7 billion) loss for the first six months of 2016.
Goldman Sachs has said the U.K.'s vote to leave the EU could force it to "restructure" some of its U.K. operations, the Financial Times reports.
Asia markets advanced on Thursday, with Japanese shares gaining on the back of a relatively weaker yen.
India's historic approval of the Goods and Services Tax (GST) could disrupt consumption and growth in the short-term.
European stocks closed mixed on Wednesday after a slew of earnings, with banking stocks rallying.
Some of the names on the move ahead of the open.
HSBC logged a H1 pre-tax profit of $9.7 billion, slightly missing analysts' expectations according to a Reuters poll.
HSBC's profits are down because the bank is simply too big, and breaking up the company would increase shareholder value by 50 percent, says Xavier van Hove of THS Partners.
Asia markets fell on Wednesday, with the Nikkei selling off on the back of another yen spike amid disappointment with the country's stimulus plan.
Eric Moore, fund manager at Miton Group, discusses the difficulties ahead for HSBC, after it reported a slump in half-year profits.
A weaker sterling resulting from Brexit will hit revenues but could help lower costs, Atlantic Equities' banks analyst Chris Wheeler says.
EMs are major growth areas in the long run but they are still suffering from the aftermath of capital outflows, says Oreana Private Wealth CIO, Norman Chan.
StanChart's results are a bigger concern as it has a bigger exposure to EMs, says Ample Capital's asset management director, Alex Wong.
Investors will be questioning what the outlook is for Standard Chartered and HSBC following the Brexit vote, notes Ivan Li of Tung Shing Securities.
With two-thirds of its revenue coming from Asia, HSBC is shielded from some of the issues that've hurt rivals Lloyds and Barclays, East & Parnters markets analysis head Martin Smith says.
European markets finished deep in negative territory on Tuesday, as concerns over the health of the region's lenders continued to weigh on sentiment.
With the U.K. set to leave the EU in the next few years, some businesses may wish to move elsewhere. But can they bet on a warm welcome?
HSBC conducted its own investigation three years ago into a $3.5 billion currency trade that US prosecutors now believe was criminally fraudulent.
Two senior officials at HSBC have been arrested in connection with a case involving currency benchmark rigging, according to reports.