Barclays reported a 19% year-on-year increase in first-quarter pre-tax profit, reaching £2.7 billion, surpassing analyst expectations of £2.5 billion. The strong performance was driven by a 16% rise in investment banking income
As traditional banking roles face increasing automation and cost-cutting pressures, artificial intelligence (AI) positions have emerged as a bright spot in the financial sector. According to research by Evident, the number of
European Central Bank (ECB) supervisor Sharon Donnery has emphasized the importance of maintaining robust banking regulations, warning against any dilution of the safeguards established after the global financial crisis. Speaking on April
Deutsche Bank reported a 39% increase in first-quarter net profit, reaching €1.78 billion ($2.03 billion), surpassing analyst expectations of €1.64 billion. The strong performance was primarily attributed to a 17% rise in
The Bank of Japan is expected to leave its benchmark interest rate unchanged at 0.5% during its upcoming policy meeting, as policymakers turn cautious in the face of rising risks from U.S.
Mediobanca has announced a €6.3 billion ($7.15 billion) offer to acquire Banca Generali, aiming to double its wealth management revenue and solidify its position in Italy’s financial sector. The proposed deal involves
Environmental activists staged a protest at the Swiss National Bank’s (SNB) annual general meeting in Bern, urging the central bank to divest from companies contributing to environmental degradation, particularly in regions like
Standard Chartered has become the first bank to join the Temenos Exchange partner programme, embedding its foreign exchange (FX) API service into the Temenos ecosystem. This integration enables financial institutions (FIs) on
Brazil’s central bank has announced it will roll over $18.4 billion in traditional currency swaps set to mature on June 2, 2025. The rollover will begin with daily auctions starting April 28,
Bank of America shareholders have voted in favor of the bank’s executive compensation plans, including a $35 million package for CEO Brian Moynihan. The approval, which came despite opposition from proxy advisory
