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 ...

Nikhil Rathi, chief executive of the Financial Conduct Authority, is consulting on rethinking some of the “strictures laid out in legislation” to remove the certification of junior staff from the ...

The bank’s strong results reflect the impact of chief executive Slawomir Krupa’s strategic plan to simplify its businesses, ...

With the increasing availability of skilled AI engineers and open-source frameworks, the cost of developing AI solutions has become significantly more affordable. As digital banking evolves, ...

Is the UN-convened initiative dead in the water, or is the departure by US lenders an opportunity to strengthen the climate ...

“Banks have an inherent incentive to reduce their projected losses in the adverse scenario and, in turn, influence their ...

The US Securities and Exchange Commission has overturned a Biden-era rule that made it costly for banks to hold digital ...

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

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

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 ...

Concerns are mounting about a likely increase in banking and financing litigation in the US this year, according to survey ...

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 ...