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 financial confrontation rooted in the freezing of Russian
Spanish banking group BBVA and artificial intelligence developer OpenAI have formalised a strategic alliance aimed at embedding generative AI deeply into financial services, signalling a new phase in how technology is reshaping
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
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
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
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
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
