News

Banks that finance the expansion of coal-fired blast furnaces for steelmaking risk mounting climate litigation, regulatory penalties, and long-term credit and investment risk, environmental ...
The hedges swap interest rate risk for a fixed margin, and mean banks have remained boosted by net interest margins, which is the difference between the interest charged on loans and paid out on ...
In an interview with CNBC on Tuesday, Trump said that JPMorgan asked him to close long-standing accounts he held with the bank within 20 days and that Bank of America declined a $1bn deposit. “I ended ...
The European Central Bank approved all applications to conduct so-called significant risk transfers in the last five years, despite growing concerns around the market. Significant risk transfers allow ...
Barclays and HSBC’s NZBA exits are not procedural; they expose fundamental issues with banks’ climate commitments ...
Alongside HSBC, Moody’s, the rating agency, and law firm Clifford Chance have chosen to leave, while Barclays and Morgan Stanley have both reduced their footprint in the district. Deutsche Bank is ...
You are unlikely to meet another Italian who speaks with such reverence for the Wimbledon tennis tournament and Oxford ...
The White House is drafting an executive order that would penalise banks for cutting ties with customers based on political views, The Wall Street Journal reported on Monday, citing a draft of the ...
Sally Hickey explains how the judgment affects banks’ exposure to claims ...
Monument is now eyeing its first full year of profitability in 2026 after the UK challenger passed £6bn in deposits, up from around £1bn at the end of 2023. Monument has now hit almost 90,000 ...
Shares in Lloyds Banking Group rose 7.5 per cent, Close Brothers surged 21 per cent and Barclays’ rose 2.2 per cent this morning. It is the first day of trading since the UK’s highest court ruled ...
UBS, which acquired Credit Suisse in a state-backed rescue in 2023, said the new agreement would “resolve all of Credit Suisse’s outstanding consumer relief obligations under the 2017 settlement by ...