On the ESG front, Citigroup, BofA, Morgan Stanley, Wells Fargo, Goldman and JPMorgan have all exited the Net-Zero Banking ...

The Federal Reserve’s proposed changes to bank stress tests, which check the health of the major lenders, could “make crashes ...

Business users — while accounting for only around 5 per cent of Monzo’s 2.2mn total base — generate significantly higher revenue than personal banking customers; average revenue per user increased ...

Julius Baer said on Tuesday it would introduce new cost-saving measures totalling SFr130mn ($159mn) by 2028, as part of a broader effort to strengthen governance and restore investor confidence ...

Nomura is currently in expansion mode in the US. It recently agreed to acquire Macquarie’s US and European public asset ...

The investment bank in which Valentino works is a standalone entity that sits under the wider Rockefeller Capital Management ...

The UK payments regulator is being urged to reassess industry liability in authorised push payment fraud, reflecting concerns ...

Anita Hawser joined Barclays’ AGM in London and found a mix of disillusioned retail shareholders nostalgic of the old days ...

At the Houlihan Lokey One conference in New York in May, which focused on private markets, the mood around the consumer ...

In its annual report, the EBA wrote: “Geopolitical developments may exacerbate these risks by creating a risk-averse environment, which may lead to reduced growth potential, diminished investment, ...

The FDIC said overall loan growth remained subdued, rising just 0.5 per cent quarter on quarter and 3 per cent year on year, falling short of the 4.9 per cent pre-pandemic average.

In summary, a science-based simplification of the ESRS could streamline disclosures by focusing on what is truly material, creating better, more actionable data with less effort.