The move comes after recent exits by Barclays and HSBC, and follows the withdrawal of major US banks including JPMorgan, Citi and Morgan Stanley, raising fresh doubts over the future of the ...

Close Brothers was one of the lenders most exposed to the scandal, with around 20 per cent of its portfolio dedicated to car ...

Banks that finance the expansion of coal-fired blast furnaces for steelmaking risk mounting climate litigation, regulatory penalties, and long-term credit and investment risk, environmental ...

The hedges swap interest rate risk for a fixed margin, and mean banks have remained boosted by net interest margins, which is the difference between the interest charged on loans and paid out on ...

In an interview with CNBC on Tuesday, Trump said that JPMorgan asked him to close long-standing accounts he held with the bank within 20 days and that Bank of America declined a $1bn deposit. “I ended ...

The European Central Bank approved all applications to conduct so-called significant risk transfers in the last five years, despite growing concerns around the market. Significant risk transfers allow ...

Barclays and HSBC’s NZBA exits are not procedural; they expose fundamental issues with banks’ climate commitments ...

You are unlikely to meet another Italian who speaks with such reverence for the Wimbledon tennis tournament and Oxford ...

Monument is now eyeing its first full year of profitability in 2026 after the UK challenger passed £6bn in deposits, up from around £1bn at the end of 2023. Monument has now hit almost 90,000 ...

Financial inclusion, when treated as a design challenge rather than a compliance issue, becomes a competitive advantage. The ...

“Frankly, if I find an amazing way of spending more money that gives the best returns for shareholders. I’ll do that instead, ...

Former fund manager Neil Woodford is not surprised by the level of activity. He believes UK banks are “absurdly cheap”, with ...