The European Central Bank on Thursday backed proposed new EU rules for closing down smaller banks when they fail, but said they should be more ambitious and apply across the…
Investor confidence in the banking sector remained fragile on Tuesday, with the European Central Bank (ECB) saying recent volatility highlighted the need for greater regulatory scrutiny.European bank stocks held steady…
The head of the European Banking Authority (EBA) warned that the banking sector remained very vulnerable even after measures to stem the fallout of crises at Silicon Valley Bank and…
The European Central Bank remains ready to support euro zone banks with loans if needed, ECB President Christine Lagarde told MEPs, as she reiterated earlier assurances after the Swiss-brokered rescue…
The European Union's banking watchdog said on Tuesday it will crack down on the 28% of banks it found to have failed to implement a mandatory policy on boardroom diversity.…
The European Union's body for winding down failing banks said on Wednesday it would begin on-sight inspections of leading euro zone lenders to check they can be wound down without taxpayer aid…
HSBC Bank Malta announced that Simon Vaughan Johnson will be relinquishing his post as Chief Executive Officer and Executive Director of the bank. He will be retiring from the bank…
Euro zone banks have tightened access to credit for companies by the most since the 2011 debt crisis and expect to continue doing so as they turn more pessimistic on…
Dubai Islamic Bank sold $750 million of its debut sustainable Islamic bond on Tuesday, a bank document showed. The sukuk, which mature in five years, were sold at 155 basis…
Banks in the euro zone would be required to provide 'instant payments' in the single currency 24/7 under draft European Union rules seen by Reuters. The EU wants to modernise payments so…
The European Commission has launched a public consultation on the Mortgage Credit Directive review. The Commission is seeking views on the functioning of and possible improvements to the existing framework.…
LONDON, March 17 (Reuters) - HSBC has entered into final negotiations to sell its France retail bank business to Cerberus, a source familiar with the matter said on Wednesday. HSBC…
Euro zone banks are tightening access to corporate credit amid a resurgence of the coronavirus pandemic, fresh data showed on Tuesday, adding to already numerous arguments for the European Central…
HSBC Holdings PLC signalled it would embark on a transformation of its business model, seeking to flip its main source of income from interest rates to fee-based businesses. It also…
HSBC is to accelerate plans to cut 35,000 jobs globally after the Covid-19 crisis forced the bank to put aside another $3.8bn (£2.9bn) to cover bad debts. The London-headquartered bank…
Spain's Santander announced the appointment of Antonio Simoes, head of global private banking at HSBC, as its regional chief for Europe at a time when the euro zone's No. 2…
Following the advice of national health authorities for persons to remain indoors as much as possible, the Central Bank of Malta has today issued a Directive on important measures concerning…
Many of the City of London's biggest institutions are taking steps to combat the spread of the coronavirus. On Monday many of JPMorgan's UK-based staff are being temporarily moved…
The founder of Yes Bank, Rana Kapoor, was arrested on Sunday on allegations of money laundering, after being questioned for over 20 hours by Indian authorities. "He has been arrested…
Italian bank Intesa Sanpaolo has launched a bid to take over its rival, UBI Banca for 4.9 billion Euros. Italian Economy Minister Roberto Gualtieri said Wednesday Intesa Sanpaolo's planned takeover…
Royal Bank of Scotland (RBS) says it is to change its name to NatWest Group later this year as it commits to a new future following the taxpayer bailout of…
Several Italian banks have closed or imposed restrictions on accounts held by Iranian citizens citing US sanctions against Iran and putting some people in a delicate financial situation. Several European…
The German digital bank N26 is has blamed Brexit for its decision to pull out of the UK and close more than 200,000 customer accounts. The lender has given customers…
Financial technology start-up Currencycloud, which powers cross-border payments for a number of popular finance apps, has raised $80 million in a funding round backed by Visa. Based in the U.K.,…
Lloyds Banking Group (LBG) has announced a strategic partnership with Microsoft focused on accelerating LBG’s digital transformation. As part of the LBG’s commitment to invest £3 billion in technology, the…
Abu Dhabi’s The National reports that a financial institution responsible for a huge write-down in the value of Libyan frozen assets held in the UK remains under investigation after it…
Britain's biggest high street banks have been left unable to process foreign currency orders following the cyber-attack on Travelex, which provides services for them. Royal Bank of Scotland, Lloyds…
HSBC is being drawn into Hong Kong’s political turmoil with protesters attacking some of its branches and graffiti daubed on the famous pair of lions that guard its city-center headquarters.…
China’s central bank has acted to pump more liquidity into the country’s economy in an attempt to prevent growth slowing in 2020. The People’s Bank of China is allowing commercial…
Andrew Bailey, named on Friday as the next governor of the Bank of England, has signaled a readiness to diverge from EU regulations after Brexit. Bailey will be one of…
Romanian lender BCR announced that it completed the sale of the historic Oscar Maugsch Palace in Bucharest’s Universitatii Square to an investment vehicle registered in Luxembourg, Project Regina Elisabeta Bucharest.…
The Swiss branch of HSBC's private bank has been fined almost CHF200 million by the US Department of Justice (DoJ) for having helped American clients evade tax between 2000 and 2010.…
The Swiss parliament has approved the automatic exchange of bank data with 18 additional countries from 2021. However, Turkey failed to make the cut. On Tuesday, the Senate followed the…
HSBC is to bring in a single overdraft rate of 39.9% for UK customers from March 2020, as much as quadrupling the rate it charges some customers. However, the bank…
Italian bank UniCredit said Tuesday that it set to axe around 8,000 jobs and close around 500 branches in the next few years. The job losses will be concentrated in…
Commerzbank’s chief executive criticized the U.S. administration for unilateral dealmaking on Friday and called for Germany and Europe to “stick to our principles”. Martin Zielke’s comments come as Europe debates…
HSBC is planning to replace the long-serving head of its investment bank ahead of a big restructuring that will result in large-scale job losses at the unit he has…
Danske Bank said on Thursday it has been preliminary charged by the Danish prosecutor for overcharging customers for an investment product. Denmark’s financial watchdog reported Danske Bank to the police…
HSBC Holdings has laid off about 40 bankers in the United Arab Emirates (UAE) and Emirates NBD is cutting around 100 jobs, as banks in the Arab world’s second-biggest economy…
Thirteen former bankers from Monte dei Paschi di Siena, Nomura and Deutsche Bank were sentenced to jail on Friday after a case that shook Italy’s establishment and fomented the rise…
Lebanese banks opened to customers on Friday for the first time in two weeks following an unprecedented wave of protests that led the prime minister to resign, with small numbers…
Britain’s government will not name a successor to Bank of England Governor Mark Carney before a national election due on Dec. 12, a finance ministry official said. Earlier on Thursday,…
Italian banking giant UniCredit said Monday that around three million of its clients in Italy were affected by a data breach in 2015, while stressing that account details were not…
HSBC is planning to restructure its business after the banking giant said its performance in parts of Europe and the US was "not acceptable". Interim chief executive Noel Quinn said…
Bank lending to euro zone companies plunged last month, suggesting that the bloc’s economic slowdown is finally slowing lending after a period of surprising resilience, data from the European Central…
HSBC saw an 18% drop in pre-tax profit during the third quarter, as the bank warned of challenges ahead. Europe's largest bank said profit before tax hit $4.8bn (£3.8bn) in…
US prosecutors filed criminal charges against Turkey's state-run Halkbank for allegedly taking part in a multibillion-dollar scheme to evade sanctions on Iran. The indictment is the latest development in a…
The new 20-pound note was unveiled at the Turner Contemporary Museum in Margate, Britain. The 20-pound note is Britain's most common, and most forged. Security features on the next £20…
HSBC announced on Thursday it would be closing seven branches in Malta and combine another two into a new Qormi flagship it will be open. It also said it would…
Despite pressure from activists, investors and governments, the majority of world’s 50 largest banks have not made sustainable finance commitments to respond to the risks of climate change and continue…
Dutch bank ABN Amro has been placed under investigation by Dutch prosecutors relating over suspected money laundering, it said today. Prosecutors said they believe that ABN Amro reported suspicious transactions…
New Zealand announced that it plans to regulate the conduct of financial institutions with new measures including a ban on target-based sales incentives, following a review by regulators. The government…
The former head of Danske Bank's arm in Estonia has been found dead days after he went missing. Police had been searching for Aivar Rehe since he left his home…
Arab Bank Switzerland has teamed up with blockchain technology firm Taurus to offer its wealthy clients access to bitcoin and ethereum. The bank joins a growing list of established players…
Britain’s banks will implement U.N.-backed “responsible banking” principles being launched next week that will influence lending and company behaviour, British banking trade body UK Finance said. The principles seek to…
HSBC is planning to exit its French retail banking business under interim chief executive Noel Quinn, the Wall Street Journal reported, citing people familiar with the matter. The likeliest buyer…
The Swiss financial regulator has awarded banking and securities dealer licences to two new “crypto banks”. SEBA and Sygnum have been cleared to operate, a major milestone for the fledging…
The Hong Kong-based Bank of East Asia Ltd (BEA) has warned that weeks of protests in Hong Kong could hit the economies of the Chinese-ruled city and mainland China itself…