The Banker1h
Lloyds beats Q3 forecasts as Deutsche Bank returns to profit; Goldman faces US fine over credit card business
Goldman Sachs is expected to face a fine in the tens of millions of dollars from the US Consumer Financial Protection Bureau over its credit card business, according to a report by the Wall Street ...
The Banker2h
Banks must pivot AI initiatives as fatigue sets in
Consider the mobile apps offered by banks. Many now use deep learning facial recognition software to perform anti-money-laundering and know-your-customers checks on new customers. Yet, beyond the ...
The Banker3h
IFC urges banks to ‘co-invest’ as data challenges default risk in emerging markets
The investment case for banks and other private lenders to invest in emerging markets is stronger than commonly perceived, according to the World Bank’s International Finance Corporation, citing data ...
The Banker4h
Rising environmental risks are threatening systemically important banks
In 2011, once the dust had settled, the Financial Stability Board drew up a list of what they identified were global systemically important banks. Fast forward to 2024 and the list of G-SIBs is still ...
The Banker12h
Why is financial inclusion still an issue in the UK?
Join Barbara Pianese as she speaks to Kate Pender, chief executive of Fair4All Finance, about recent developments regarding financial inclusion in the UK.
The Banker1d
HSBC announces major restructuring; UK banks’ tax contributions hit record high
“Banks based in the UK pay a significantly higher rate of tax than those in New York and, because contributions to the EU’s Single Resolution Fund have now been suspended, they are expected to pay ...
The Banker1d
Bank of America’s bet on UK business and talent
The fact UBS had a rigorous aptitude test appealed to Luck and suggested the institution took recruitment seriously. He stayed there for 15 years and in 2012 joined Bank of America where he is ...
The Banker1d
China’s stimulus falls short as economists warn of deeper structural woes
Since China’s stimulus efforts, there have been calls for a more radical approach to supporting the economy. Economists have suggested as much as Rmb10tn ($1.4tn) is needed via the release of special ...
The Banker2d
Esma seeks SEC-style powers over EU exchanges and infrastructure; BBVA’s top shareholder sold stake over Sabadell bid
UBS announced on Monday that it is selling its 50 per cent stake in credit card provider Swisscard, acquired through its ...
The Banker2d
Asian banks innovate products to meet corporate ESG goals
In response, banks are becoming innovative in how they support their clients in their environmental, social and governance goals, tying the products and services they offer to environmental targets.
The Banker4d
Diversification of revenues crucial for banks as interest rates fall
The recent lift in banks’ performance is largely down to rising interest rates, McKinsey said in its Global Banking Annual Review 2024 published on Thursday, adding that the market is sceptical of ...
The Banker4d
What the UK’s ringfencing regime changes mean for banks
Government raises threshold to enable banks to take on more consumer deposits, although analysts warn regime is ‘obsolete’ ...