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 ...

TD Bank is expecting its pre-tax net interest income to fall by up to $225mn in the 2025 fiscal year, after it became the ...

Banks across the globe are facing significant challenges in the adoption of Swift’s ISO 20022 standard. The new transaction format requires an overhaul of many major banks’ legacy systems, functioning ...

Singaporean financial services providers are “falling short” of their responsibilities to mitigate money-laundering risks and ...

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 ...

Starling’s growth in particular was substantial — its revenue rose from £13,000 in 2016 to £453mn in 2023, according to the ...

SVB and last year’s other bank failures put renewed focus on bank funding concentration and uninsured deposits ...

The US has also increased the diversification of its development strategy in recent years in a bid to counter Chinese ...

Kotak Mahindra Bank holds on to the best-performing title, while HDFC pushes State Bank of India down one place to second in ...

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 ...

Indeed, some large players believe they are as much as 23 months behind the bad guys when it comes to detecting financial crime in general, according to fresh research from RedCompass Labs, which ...