A draft version of the government’s banking reform bill, due to be published on June 6, is expected to require UBS to fully match the capital held by its foreign subsidiaries with equivalent capital ...

Donald Trump’s executive order in February calling for a plan to establish a US sovereign wealth fund was short on details ...

Overall, digital channels accounted for 66 per cent of the bank’s new client acquisition in 2024. Mobile penetration across this user base has hit 75 per cent, while monthly logins and transaction ...

Piraeus Bank has transformed risk intelligence from a compliance obligation into a strategic enabler. Within the past year, the Greek lender delivered major advancements across credit risk, compliance ...

Positioning itself as “a digital bank with branches”, Banorte has focussed its strategy on a customer-centric approach with high degree of personalisation, fast implementation of innovative ideas, ...

Senior US Democrats have criticised the chief executives of leading financial institutions, including JPMorgan, Citigroup, Bank of America, Wells Fargo, Morgan Stanley and Goldman Sachs, for pulling ...

Research from the UK regulator published on Friday shows that approximately 3.5mn adults relied on high-cost credit in the 12 months to May last year, a jump of 700,000 people compared to the previous ...

Even is not alone in that role, he says, “because it would be too complex”. BNP Paribas has around 50 CDOs across the group, spanning various regionally and locally focused roles, such as in Asia ...

“To reach 20mn users, we won’t hire 1,000 more people — we’ll build 1,000 more virtual agents,” says Cake CEO Quang Nguyen © Cake Since its launch in 2021 ...

As the ECB shifts from climate guidance to enforcement, banks must now embed environmental risks — like the devastating 2024 floods in Spain — into governance ...

US authorities are preparing to significantly reduce capital requirements for large banks by reforming the supplementary leverage ratio, the Financial Times reported on Thursday. The move, expected in ...

UK chancellor Rachel Reeves praised the “power and strength” of the City of London in keeping Ukraine’s economy functioning during wartime by developing innovative financing and insurance products to ...