Standard Chartered will cut one in every 10 of its global headcount in corporate and institutional banking, according to media reports.
HSBC and Standard Chartered are the most at risk of failing the BoE stress test due to an exposure to Chinese credit; RBC Capital analysts.
Most Asian markets dropped more than 1 percent, after a poll showed the GOP's Donald Trump leading rival Hillary Clinton.
Standard Chartered reported falling income and lacklustre third quarter trading on top of fresh compliance worries.
In the latest update on the 1MDB saga, the Monetary Authority of Singapore has slapped penalties on several banks over anti-money-laundering rule breaches.
Europe finished under pressure on Thursday, as investors showed signs of caution ahead of a key U.S. jobs report on Friday.
European banks have never traded this cheap relative to U.S. banks, according to an equity research team at Citi, who have turned bullish on the beaten-down sector.
Asia markets stumbled on Friday, the final trading day of the quarter, after concerns over Deutsche Bank undermined investor sentiment.
Bank of America is set to cut investment banking jobs in Asia, including some top dealmakers, as a slowdown forces banks to cut costs.
Ripple, a start-up that uses blockchain technology to settle financial transactions between banks, has raised $55 million.
Asian markets were mostly lower after North Korea claimed its fifth nuclear test and amid disappointment following the ECB's decision.
European equities closed mostly higher on Monday, despite a solid tick-up in oil prices and a strong performance from Europe's banks and miners.
Asia markets advanced on Thursday, with Japanese shares gaining on the back of a relatively weaker yen.
European stocks closed mixed on Wednesday after a slew of earnings, with banking stocks rallying.
StanChart reported underlying pretax profit of $994 million in the six months to end-June, as cost-cutting, steady income and fewer bad loans helped the bank.
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.
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.
Sources told Reuters the Malaysian PM was "Malaysian Official 1," as the U.S. also sought to seize proceeds from "Wolf of Wall Street."
Singapore's central bank found lapses and weaknesses at DBS, UBS and Standard Chartered.