Swiss financial regulator Finma has ordered UBS to strengthen its emergency planning following its takeover of Credit Suisse last year, to ensure the bank can be wound down or sold without risking ...
Despite reporting declines in year-on-year profits — JPMorgan’s net income dropped 2 per cent to $12.9bn and Wells Fargo’s fell 11 per cent to $5.1bn — both banks exceeded analysts’ forecasts, which ...
UniCredit was financial adviser to TIM, with a focus on determining the post-deal capital structure. The KKR-sponsored transaction to acquire NetCo required financing of €10.5bn, underwritten by 11 ...
Rising operating costs for retail lenders are set to result in net interest margin declines of between 5 to 10 per cent by 2026, McKinsey has warned, with rising wage growth, increased financial crime ...
Bitcoin Suisse, the Swiss crypto-financial services provider for high-net-worth individuals and institutional investors, has had a busy 2024. It celebrated its 11th anniversary and changed its senior ...
HSBC chief executive Georges Elhedery is planning significant cost-cutting measures that could save up to $300mn by reducing the bank’s top management layers, the Financial Times reported on Thursday.
Asian financial institutions’ slow adoption of Legal Entity Identifiers could leave them at risk of paying higher transaction costs and missing business opportunities, unless regulation steps up and ...