HSBC said it would reduce global staff costs by 8 per cent, with senior managers and those in the newly merged wholesale ...

The group has also urged ministers to strengthen the Bank of England’s oversight powers, potentially by updating its ...

Artificial intelligence’s disruptive impact on the broader software industry is a key credit risk for private credit ...

In conversation with The Banker at a recent FT Live event, he said: “There are estimates that 20 per cent of all jobs will be ...

Tom Hayes, the first banker jailed over the Libor interest rate scandal, has launched a $400mn lawsuit against his former employer UBS, claiming he was a “handpicked scapegoat” used by the Swiss bank ...

FinCEN now confirms that the presence of transactions close to the threshold is not, in itself, sufficient to warrant a SAR.

Barclays withdrew from Saudi Arabia in 2014 under then-chief executive Antony Jenkins. Its return mirrors similar moves by ...

Revolut’s EU crypto licence award this month may spur similar moves by other regional neobanks and fintechs, experts predict.

HSBC shares fell sharply in early Monday trading after the bank said it would book a $1.1bn provision in its third-quarter ...

Asia is leaning into the stablecoin race, but don’t expect a co-ordinated sprint. From Singapore to Seoul, regulators are ...

UK banks may be targeted for tax raises because of their soaring profits in recent years, mainly due to their use of ...

Four years after its application for a banking licence, Revolut is still waiting for the PRA to lift its restrictions ...