European banking consolidation cannot happen without the banking union and the EU Deposit Insurance Scheme being put in place first, Commerzbank’s new CEO Bettina Orlopp has said.

Earlier this year, the FCA asked more than 1,000 regulated financial services firms, including 181 banks, to report all ...

Despite digital advances and geopolitical fragmentation, there appears to be little appetite for a rival to Swift outside Russia ...

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

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 ...

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 ...

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 ...

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

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 ...

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

JPMorgan plans to expand its presence in Africa by entering Kenya and Côte d’Ivoire this year, chief executive Jamie Dimon ...

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 ...