Canada’s TD Bank said on Tuesday that it will sell its entire 10.1 per cent stake in broker Charles Schwab for $14.6bn, as part of a strategic review following a landmark US fine last year for failing ...

The Trump administration has effectively shut down the US Consumer Financial Protection Bureau, ordering the regulator to stop nearly all its core operations.

The returns on equity at Angolan banks — at between 20 per cent and 30 per cent — exceed those of many African peers, Lopes says. This rests on heavy investment in government securities. Angolan banks ...

He says the potential for growth in Asia makes restructuring east a “logical” move, adding that the shift would have also been heavily influenced by Ping An Bank, a key shareholder in HSBC, which has ...

Deutsche Bank reported on Thursday a sharp decline in profits for the final quarter of 2024, with net profit attributable to ...

Italy’s Mediobanca has rejected Banca Monte dei Paschi di Siena’s takeover bid, deeming it “contrary to the interests of ...

European banks have begun the year by kicking off a sweeping round of job cuts as they struggle to boost profitability and keep pace with their US rivals, as reported by Bloomberg on Thursday. In ...

The bank’s strong results reflect the impact of chief executive Slawomir Krupa’s strategic plan to simplify its businesses, which was introduced in September 2023 and started to yield positive ...

It is clear Rachel Reeves is not a fan of regulation, or at least not of overregulation. During a speech in Oxfordshire last week, the UK chancellor told a room full of journalists and chief ...

As US President Donald Trump’s shifting stance on tariffs threatens to create one of the biggest disruptions to global commerce in decades, experts say banks are finding unexpected opportunities from ...

Dutch lender ING announced on Tuesday that it has agreed to sell its Russian operations to Moscow-based Global Development JSC, concluding its business activities in the country nearly three years ...