HSBC’s UK chief executive Ian Stuart told members of parliament on Tuesday that cyber security has become the bank’s single largest cost, as it faces relentless attacks from online criminals.

Phil Roberts, Emea head for global corporate and investment banking clients, on being kind and his unorthodox career roots ...

A draft version of the government’s banking reform bill, due to be published on June 6, is expected to require UBS to fully match the capital held by its foreign subsidiaries with equivalent capital ...

Donald Trump’s executive order in February calling for a plan to establish a US sovereign wealth fund was short on details ...

Overall, digital channels accounted for 66 per cent of the bank’s new client acquisition in 2024. Mobile penetration across this user base has hit 75 per cent, while monthly logins and transaction ...

Piraeus Bank has transformed risk intelligence from a compliance obligation into a strategic enabler. Within the past year, the Greek lender delivered major advancements across credit risk, compliance ...

Positioning itself as “a digital bank with branches”, Banorte has focussed its strategy on a customer-centric approach with high degree of personalisation, fast implementation of innovative ideas, ...

Senior US Democrats have criticised the chief executives of leading financial institutions, including JPMorgan, Citigroup, Bank of America, Wells Fargo, Morgan Stanley and Goldman Sachs, for pulling ...

Research from the UK regulator published on Friday shows that approximately 3.5mn adults relied on high-cost credit in the 12 ...

In 2022 BNP Paribas set an ambition in its current growth, technology and sustainability plan for 1,000 AI use cases to be in production, and to generate €500mn in AI value, by the end of 2025. BNP ...

UK chancellor Rachel Reeves praised the “power and strength” of the City of London in keeping Ukraine’s economy functioning during wartime by developing innovative financing and insurance products to ...

Nearly 20 per cent of all UK consumers and businesses are now using open banking, up from almost 6 per cent in March 2021, with consumer adoption reaching almost the same level as that of small ...