HSBC Holdings Plc reported that its banking services in Hong Kong are gradually returning to normal after a significant technical disruption hit operations across the city’s network on Friday afternoon, affecting both digital and branch-based channels. The incident disrupted access to the bank’s mobile
Smart banking is gaining traction among Nigerian entrepreneurs as business owners increasingly
U.S. dollar-backed stablecoins could siphon as much as $500 billion out of
The European Central Bank has revised its crisis management guidelines to permit
Hong Kong’s financial authorities have announced a substantial expansion of yuan liquidity
Europe’s reliance on foreign-controlled payment systems has emerged as a material financial stability and sovereignty
Fintech companies operating in and beyond New York are recalibrating strategy in response to a
President Donald Trump announced his intention to pursue legal action against JPMorgan Chase, asserting that
Britain’s digital bank Revolut has formally applied for a full banking licence in Peru, marking
Central banks are increasingly experimenting with bitcoin and other digital assets as part of broader
Wall Street is on track for its strongest investment banking performance since the pandemic, driven
India’s markets regulator has accused Bank of America’s local investment bank unit of breaching insider
The Bank of England’s custody of Venezuelan gold reserves has resurfaced as a contentious financial
Nigeria’s largest payments technology company, Flutterwave, has completed the acquisition of open banking startup Mono in an all-stock transaction valued at between $25 million and $40 million, marking one of the rare
Global investors are warning that 2026 could bring a significant inflationary challenge driven largely by sustained and heavy investment in artificial intelligence infrastructure and technology, a risk they say remains underappreciated in markets buoyed by AI optimism. Analysts from major
Russia’s central bank has filed a lawsuit seeking about $230 billion in damages from Belgium-based financial services firm Euroclear, intensifying a high-stakes legal and
Spanish banking group BBVA and artificial intelligence developer OpenAI have formalised a strategic alliance aimed at embedding generative AI deeply into financial services, signalling
UK banks are preparing to offer more personalised guidance on how customers might allocate their savings and investment funds, a shift that reflects evolving financial services strategies aimed at strengthening client engagement and confidence in turbulent markets. The proposals, reported by the BBC, suggest
The European Central Bank is preparing to propose a significant simplification of capital-buffer regulation for banks – not by reducing requirements, but by streamlining the number and complexity of buffers currently in place. The move reflects recognition within the bank that overlapping regulatory layers
Klarna has extended its partnership with Apple Pay into two of Europe’s largest consumer markets – France and Italy – enabling users to pay via monthly instalments directly through Apple Pay’s checkout flow. This brings the number of countries where Klarna’s flexible-payment services are
Fintech development across Africa is accelerating as industry growth becomes increasingly anchored in interconnected ecosystems rather than isolated innovation. Collaborations involving startups, banks, mobile operators, investors and regulators are now central to building financial products that can scale across diverse markets. This shift reflects
The Bank of England has reduced the core capital requirement for major UK lenders from fourteen per cent to thirteen per cent, marking the first easing of post crisis standards in more
Swiss voters are preparing to decide on a proposal that would significantly alter how large inheritances and gifts are taxed in one of the world’s most stable financial centres. The initiative seeks
Shortly after the UK budget, two major US banks unveiled plans to significantly increase their footprint in Britain, signalling renewed confidence in the country’s financial-services environment. JPMorgan said it will build a
The British pound strengthened modestly as markets positioned themselves ahead of the UK government’s much-anticipated budget. Financial markets appear cautiously optimistic that the forthcoming measures may avoid overly aggressive tax hikes while
Quantum computing is emerging as a transformative force in banking, with the potential to redefine financial performance across multiple dimensions. According to McKinsey & Company, leading banks are already exploring applications that
European lenders are increasingly deploying incentives to maintain investor interest as the sector’s rally shows signs of stalling. The move comes amid softer earnings and rising concerns over economic growth, prompting banks
Major US banks including JPMorgan Chase, Bank of America and Citigroup have abandoned plans to provide a US$20 billion loan facility to Argentina, according to people familiar with the matter cited by
The European Union has reached a provisional agreement to harmonise core insolvency laws across its 27 member states, seeking to remove legal barriers to cross-border investment and integrate capital markets more deeply.
The Bank of England (BoE) on 18 November 2025 announced that the deposit protection limit under the Financial Services Compensation Scheme (FSCS) will be raised to £120,000 per person from the current
In a move that crystallises the changing face of European finance, Openbank – the fully digital arm of Banco Santander – has entered the cryptocurrency arena. The platform now allows Spanish customers to buy, sell, and hold digital assets including
A modest Japanese fintech start-up has set a bold course: issuing a yen-pegged stablecoin that could reshape parts of the country’s bond market and
Under the Donald Trump administration, the U.S. has enjoyed the unusual combination of a booming stock market and a weakened dollar. But according to
In Frankfurt, Isabel Schnabel’s recent speech marked a quiet turning point in how the European Central Bank envisions its role in a post-crisis, post-QE