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.

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

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

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 ...

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

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 ...

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 ...

Senior bankers are growing increasingly frustrated at governments’ expectations that private sector finance should drive the transition. From left: Sonja Gibbs, IIF; Hisham Ezz Al-Arab, CEO, ...

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 ...

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 ...

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 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 ...