Banking
HSBC restructuring plans fuel fears of job cuts
HSBC is planning to restructure its business after the banking giant said its performance in parts of Europe and the US was…
Euro zone corporate lending growth plunges in Sept
Bank lending to euro zone companies plunged last month, suggesting that the bloc’s economic slowdown is finally slowing lending after a period…
HSBC warns of ‘challenging’ outlook as profit falls
HSBC saw an 18% drop in pre-tax profit during the third quarter, as the bank warned of challenges ahead. Europe's largest bank…
US charges Turkey’s Halkbank with violating Iran sanctions
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.…
Bank of England unveils new £20 note
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…
HSBC to close down seven branches in Malta
HSBC announced on Thursday it would be closing seven branches in Malta and combine another two into a new Qormi flagship it…
World’s largest banks lagging in sustainable finance
Despite pressure from activists, investors and governments, the majority of world’s 50 largest banks have not made sustainable finance commitments to respond…
Dutch bank ABN Amro subject to money laundering investigation
Dutch bank ABN Amro has been placed under investigation by Dutch prosecutors relating over suspected money laundering, it said today. Prosecutors said…
New Zealand announces plans to regulate conduct of banks, insurers
#NewZealand announced that it plans to regulate the conduct of #financial #institutions
Ex- Danske Bank head caught up in fraud probe found dead
The former head of Danske Bank's arm in Estonia has been found dead days after he went missing. Police had been searching…
Another Swiss bank enters into cryptoassets
Arab Bank Switzerland has teamed up with blockchain technology firm Taurus to offer its wealthy clients access to bitcoin and ethereum. The…
UK banks sign up to U.N.-backed responsible banking code
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…