The Bank of London has agreed with the UK financial watchdog to stop taking on new customers, adding a fresh regulatory constraint to the lossmaking fintech. For the banking sector, the move signals a sharper escalation in supervisory pressure on a lender already under
The Bank of England has outlined a new framework aimed at strengthening
The US Federal Reserve is preparing to loosen capital requirements for large
Customers of three major UK banks briefly gained access to other people’s
Wider adoption of open banking could generate up to £43bn in annual
Standard Chartered plans to expand its private banking operations in Singapore by doubling the number
Leading US banks are considering legal action against federal regulators over new licensing rules that
Canada’s banking regulator has raised concerns with major lenders over mortgage appraisal practices linked to
Foreign banks are discovering that India’s appeal as a banking market is matched by a
Maksym Krippa is increasingly recognized as one of the key private investors influencing Ukraine’s commercial
London-based fintech company Revolut has applied for a United States banking licence as part of
Royal Bank of Canada is expanding its payments strategy by developing systems that allow consumers
Escalating conflict in the Middle East is presenting a renewed challenge for central banks as
Citigroup’s internal security division, established to investigate misconduct and safeguard institutional integrity, is facing scrutiny from employees who say the unit’s operations have at times prioritised protecting the bank from legal and
France’s financial sector has limited exposure to the escalating Middle East crisis, according to Banque de France governor François Villeroy de Galhau, who also cautioned against reactive monetary policy shifts driven by energy price volatility. Speaking to reporters in Paris,
The Bank of Russia has initiated legal proceedings against the European Union over the indefinite freeze of assets imposed in response to Moscow’s invasion
UK high street banks are at a strategic crossroads as they seek to balance the need to boost fee-based income with the long-standing imperative
Newly released documents have revealed that senior bankers at JPMorgan Chase maintained professional interactions with Jeffrey Epstein after the bank formally terminated him as a client in 2013, raising renewed scrutiny over governance and relationship management within major financial institutions. The documents show that
Top British lenders are pushing back against a regulatory initiative from the Bank of England that aims to bolster lending by lowering capital buffers, highlighting tensions between financial stability and credit growth ambitions in the UK banking sector. The Bank of England has been
Saudi Arabia, the UAE and Malaysia are emerging as leading centres in Islamic fintech as global transaction volumes are projected to reach $341bn by 2029, according to a new industry report highlighting accelerating growth in Shariah-compliant digital finance. The Global Islamic Fintech Report 2025/26,
Two US financial institutions, State Bank of Texas and BankCherokee, have gone live with a new digital banking platform provided by Alkami Technology, extending the vendor’s footprint among community and regional lenders. The deployments follow similar adoptions this year by Amplify Credit Union, Harvard
The introduction of a digital euro could impose implementation costs of between €4 billion and €6 billion on European banks over four years, according to estimates presented by a senior European Central
UK banks are entering a new phase of mortgage risk as accelerating flood damage increasingly threatens property finance and the stability of housing loans. Lenders are under growing pressure to reassess exposure
Senior UK banking executives are examining the creation of a domestic payments company to reduce reliance on US card networks Visa and Mastercard, amid concerns that geopolitical tensions could expose vulnerabilities in
Global banking regulators are raising concerns over the rapid expansion of credit risk transfer transactions, as lenders increasingly use these instruments to manage capital requirements and free up balance sheet capacity. Supervisors
Goldman Sachs has deepened its engagement with artificial intelligence by working with Anthropic to develop autonomous agents for accounting, compliance and other internal banking functions, the bank’s chief information officer has confirmed.
Bank of Ireland prevented €9.7 million in customer losses in 2025 after deploying artificial intelligence to assess card transactions for potential fraud, underscoring how machine learning is being embedded into core banking
Cross-border banking mergers and acquisitions among European Union lenders hit about €17 billion in 2025, the highest level since the global financial crisis in 2008, reflecting a renewed wave of foreign direct
India’s central bank has eased restrictions on acquisition financing, allowing lenders to fund deals up to 20 per cent of their eligible capital base, doubling the limit initially proposed in draft rules.
Lloyds Banking Group has announced plans to close a further 95 branches across the UK, extending a multi-year contraction of its physical network amid continued migration to digital banking. The closures comprise
U.S. banking lobby groups have formally objected to proposals that would allow cryptocurrency and fintech firms direct access to the Federal Reserve’s payment systems, in a dispute that is reshaping debate over the future of core financial infrastructure. In a
Canada’s federal government has confirmed that 2026 will mark the formal launch of its long-awaited consumer-driven banking framework, introducing a structural shift in how
The world’s largest banks are urging regulators to rethink a growing shift towards nationally driven financial reforms, warning that the replacement of global standards
HSBC Holdings Plc reported that its banking services in Hong Kong are gradually returning to normal after a significant technical disruption hit operations across