Banking
HSBC plans sale of French retail banking business
HSBC is planning to exit its French retail banking business under interim chief executive Noel Quinn, the Wall Street Journal reported, citing…
Switzerland’s first crypto banks receive licences
The Swiss financial regulator has awarded banking and securities dealer licences to two new “crypto banks”. SEBA and Sygnum have been cleared…
Bank warns Hong Kong protests will hit economy
The Hong Kong-based Bank of East Asia Ltd (BEA) has warned that weeks of protests in Hong Kong could hit the economies…
Barclays no longer banking cryptocurrency exchange Coinbase
Barclays is no longer providing banking services to cryptocurrency exchange Coinbase, sources familiar with the matter told Reuters, ending a relationship that…
ECB to test five Croatian banks
The European Central Bank said on Wednesday it would carry out a stress test of five Croatian banks, a preliminary step in…
HSBC Global Asset Management names Nicolas Moreau as CEO
HSBC Global Asset Management has appointed Nicolas Moreau as its new chief executive, the firm said in a statement, adding that he…
HSBC chief executive resigns in top level reshuffle
John Flint, the chief executive of HSBC has stepped down after the bank said it needed a change in leadership to address…
Revolut launches free share trading in Europe
Digital finance business Revolut is launching a fee-free share-trading service in the UK and Europe on Thursday, seeking a slice of the…
Libya’s central bank drops dollar purchase fees to 163%
Reuters reports that the Libyan Presidential Council on Tripoli of the Government of National Accord (GNA) announced on Tuesday that it will…
Photo Story: Preview of Bank of England’s new 50 GBP note
An undated handout photo made available by the British Bank of England on 15 July 2019 showing the new concept image design…
Fresh crackdown in the UK in fight against dirty money
The British government is giving new impetus to the fight against money laundering. Through the Economic Crime Plan the British Government intends…
BOE believes British banks can cope with no-deal Brexit
British banks hold enough capital to cope with a simultaneous disorderly no-deal Brexit and global trade war, the Bank of England said…