Customers of three major UK banks briefly gained access to other people’s financial information through mobile banking applications, raising concerns about data security in digital banking services. Users of Lloyds, Halifax and Bank of Scotland reported seeing account details and transactions belonging to other
Wider adoption of open banking could generate up to £43bn in annual
Standard Chartered plans to expand its private banking operations in Singapore by
Leading US banks are considering legal action against federal regulators over new
Canada’s banking regulator has raised concerns with major lenders over mortgage appraisal
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
France’s financial sector has limited exposure to the escalating Middle East crisis, according to Banque
The Bank of Russia has initiated legal proceedings against the European Union over the indefinite
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 of disciplined growth models. After delivering robust financial
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.
Top British lenders are pushing back against a regulatory initiative from the Bank of England that aims to bolster lending by lowering capital buffers,
Saudi Arabia, the UAE and Malaysia are emerging as leading centres in Islamic fintech as global transaction volumes are projected to reach $341bn by
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 Bank official, underscoring the scale of operational adjustments facing the banking sector.
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 in flood-prone areas and to demonstrate that they are not underpricing climate-related
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 Britain’s financial infrastructure. A meeting chaired by Barclays’ UK chief executive, Vim
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
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 financial data is accessed and controlled. The move
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 with domestic rules risks undermining stability despite short-term
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
Smart banking is gaining traction among Nigerian entrepreneurs as business owners increasingly adopt digital financial tools that offer real-time transparency, control and simplicity in
U.S. dollar-backed stablecoins could siphon as much as $500 billion out of the deposits of U.S. banks by the end of 2028, according to
The European Central Bank has revised its crisis management guidelines to permit liquidity support for banks that are in the process of resolution, a