UK challenger Metro Bank has been fined £16.7mn by the Financial Conduct Authority for failing to address flaws in its automated anti-money laundering system installed in 2016. The FCA said that ...

China’s banks have been told to reduce the interbank deposit rate, as part of the latest round of stimulus measures ...

What is fortunate for Lazard’s 2030 strategy is that analysts expect its operating performance to improve in 2024 and 2025 after a challenging 2023 for the advisory division.

Close Brothers has paused all motor finance lending, while Lloyds Banking Group, which owns the UK’s largest car finance ...

Pablo Hernández de Cos will serve as general manager for the Bank for International Settlements until 2030. © Ting ...

A Trump-Vance administration, under a new secretary, would likely return to an activities-based analysis, looking for market ...

Project mBridge is a blockchain-based payments ledger, which is designed to support real-time, cross-border payments and ...

US banks and private equity firms are gearing up for potential deregulation as Donald Trump returns for a second term as US ...

Italy’s UniCredit has closed its acquisition of a 90.1 per cent stake in Alpha Bank Romania from Greece’s Alpha International ...

Taken as a whole, the 240 banks represented in The Banker’s Top Islamic Financial Institutions for 2024 registered a 9 per cent increase in sharia-compliant assets for 2023, compared with 5.4 per cent ...

The biennial appointment cycle saw the inclusion of 26 women, making up 27 per cent of the new partners, a slight decline from the 29 per cent share in 2022. Of the new partners, 69 per cent were in ...

Overall stricter IRRBB requirements in the EU are putting European banks in a better position to withstand interest rate risks than their US peers, according to experts. Some believe banks will be ...