Barclays’ investment bank saw a 6 per cent income rise to £2.9bn, driven by equities trading and renewed M&A activity.

According to a 2023 survey by the Payment & Clearing Association of China, the penetration rate of QR code payments in China is 92.7 per cent. With many merchants refusing to take cash, overseas ...

Despite these challenges, strategic investments in corporate culture at banks are still a low priority. Culture initiatives are largely sidelined to the HR function, with employee surveys targeting ...

A final rule issued by the US Consumer Financial Protection Bureau this week to progress open banking is facing strong resistance from major banking associations, which warn it could undermine the ...

Senior banking figures have urged regulators to resist increasing liquidity resilience requirements and additional controls related to uninsured deposits following last year’s US banking crisis, with ...

TD Bank is expecting its pre-tax net interest income to fall by up to $225mn in the 2025 fiscal year, after it became the ...

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 ...

UBS announced on Monday that it is selling its 50 per cent stake in credit card provider Swisscard, acquired through its ...

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 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 European Central Bank cut interest rates by 25 basis points for the third time this year on Thursday, reducing the ...

Morgan Stanley reported a 32 per cent increase in third-quarter profits on Wednesday, beating analyst expectations. The US ...