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 ...

Nearly 20 per cent of all UK consumers and businesses are now using open banking, up from almost 6 per cent in March 2021, with consumer adoption reaching almost the same level as that of small ...

Julius Baer has been ordered to repay SFr4.4mn ($5.3mn) after Switzerland’s financial regulator, Finma, identified serious anti-money-laundering failings linked to the bank’s operations in Monaco and ...

The bank appointed Christopher Horne, the former UK boss of Credit Suisse, as a replacement CEO for Watson at the end of January. “This is a unique opportunity to redefine what a bank can be — ...

HSBC is to partner with the European Bank of Reconstruction and Development in a new initiative designed to mobilise more private capital to close the £2.4tn-a-year global climate and nature ...

Italy is standing by the conditions it set for UniCredit’s €14bn takeover bid for Banco BPM, as the government prepares to ...

The IFC — the World Bank’s private-sector lending arm — said a report from coalition group Stop Financing Factory Farming is ...

The conviction of community banker Shan Hanes in August 2024 raised the issue of adequate internal controls. The former CEO of Heartland Tri-State Bank was convicted of embezzlement after collapsing ...

The problem for Goldman is that this is not the first time senior staff at the bank have been used as bait for scams. A ...

UK banks want the government to publicly defend their financing of defence companies, saying they have faced a wave of ...

The US has yet to subscribe to the European Bank for Reconstruction and Development’s €4bn capital increase for Ukraine’s reconstruction, despite other G7 countries already committing funds, the ...

The European Commission is under pressure to delay the implementation of new market risk capital rules in line with the US ...