Banking

European banking leaders are backing efforts to deepen the region’s capital markets, arguing that reforms could unlock substantial investment opportunities and strengthen the long-term competitiveness of the banking sector. The push comes as...

Major banks in the United States and United Kingdom are expected to gain more than $1 trillion in additional balance sheet capacity as regulators move towards easing post-financial crisis capital rules. The shift marks a significant change in...

UK bank lending to businesses has fallen to its lowest level in nearly three decades, underlining mounting pressure within the country’s banking sector as economic uncertainty continues to affect corporate borrowing demand and credit conditions. The...

First Carolina Financial Services has filed for a US initial public offering, reflecting improving confidence across regional banking markets as lenders return to public capital markets following years of sector volatility and tighter financial...

Morgan Stanley has introduced stricter technology measures for bankers travelling between Hong Kong and mainland China, reflecting growing concerns across the financial sector over data security, regulatory compliance and geopolitical risk...

Lloyds Banking Group is considering retiring the Halifax brand from Britain’s high streets, signalling a major shift in the group’s long-term retail strategy. The move would mark the possible end of one of the UK’s most familiar banking names as...

The UK government is preparing to relax banking ringfencing rules introduced after the global financial crisis as ministers attempt to stimulate lending and support economic growth. Treasury officials believe easing restrictions separating retail...

The US Treasury Department has instructed American banks to strengthen monitoring of suspected Iranian money-laundering networks as Washington expands financial pressure on Tehran amid continuing regional instability. The move reflects the Trump...

UK banks are intensifying efforts to improve climate risk reporting as regulators increase scrutiny of how lenders assess environmental threats across their operations and balance sheets. The growing focus reflects concerns that climate-related...

Major US banks are accelerating cybersecurity upgrades after Anthropic’s advanced artificial intelligence model, Mythos, exposed weaknesses across financial institutions’ technology systems. The development has heightened concerns among regulators...

JPMorgan is accelerating the expansion of its digital bank Chase into Europe as the US banking giant seeks to strengthen its position in consumer finance and diversify long-term revenue streams. The bank is preparing to launch Chase in Germany,...

US Bank has expanded its collaboration with Amazon Web Services as part of a large-scale digital transformation strategy aimed at modernising banking operations and improving customer experience through artificial intelligence. The partnership...

China’s financial regulators have directed the nation’s major banks to halt new loans to five oil refiners recently sanctioned by the United States over their dealings with Iranian crude. This move marks a significant escalation in the economic...

UniCredit has stepped up efforts to gain control of Commerzbank, launching a takeover move that reflects intensifying consolidation pressures across the European banking sector. The Italian lender is aiming to increase its stake beyond the key 30%...

China’s decision to defy US sanctions has placed global banks at the centre of an escalating financial conflict, creating a complex compliance dilemma for institutions operating across both jurisdictions. The dispute centres on Chinese refiners...

The Bank of Ireland UK has been fined £3.78 million by the UK’s Payment Systems Regulator (PSR) for failing to implement the Confirmation of Payee (CoP) system by the required deadline. The fine comes after the bank missed the 31 October 2023...

The possibility of higher taxes on UK banks is re-emerging as policymakers grapple with tightening public finances, placing the sector back in focus as a potential source of revenue. The discussion reflects growing fiscal strain alongside renewed...

The UK government is in discussions with Anthropic to grant banks controlled access to its advanced Mythos AI model, signalling a shift in how financial institutions approach cybersecurity and operational resilience. The talks involve close...

Nexi and Visa have formed a partnership to modernise card issuing infrastructure for banks in Germany, signalling a shift in how financial institutions manage payments operations. The collaboration introduces a fully managed issuing model, allowing...

Barclays has reinforced its legal leadership with a senior regulatory appointment, signalling a sharper focus on compliance, capital discipline, and supervisory engagement as pressures on global banks continue to intensify. The move reflects a...