Abu Dhabi’s The National reports that a financial institution responsible for a huge write-down in the value of Libyan frozen assets held in the UK … Read more
Britain’s biggest high street banks have been left unable to process foreign currency orders following the cyber-attack on Travelex, which provides services for them.… Read more
HSBC is being drawn into Hong Kong’s political turmoil with protesters attacking some of its branches and graffiti daubed on the famous pair of lions … Read more
China’s central bank has acted to pump more liquidity into the country’s economy in an attempt to prevent growth slowing in 2020.
The People’s Bank … Read more
Andrew Bailey, named on Friday as the next governor of the Bank of England, has signaled a readiness to diverge from EU regulations after Brexit.… Read more
The Swiss branch of HSBC’s private bank has been fined almost CHF200 million by the US Department of Justice (DoJ) for having helped American clients … Read more
The Swiss parliament has approved the automatic exchange of bank data with 18 additional countries from 2021. However, Turkey failed to make the cut.
On … Read more
HSBC is to bring in a single overdraft rate of 39.9% for UK customers from March 2020, as much as quadrupling the rate it charges … Read more
Commerzbank’s chief executive criticized the U.S. administration for unilateral dealmaking on Friday and called for Germany and Europe to “stick to our principles”.
Martin Zielke’s … Read more
Danske Bank said on Thursday it has been preliminary charged by the Danish prosecutor for overcharging customers for an investment product.
Denmark’s financial watchdog reported … Read more
Thirteen former bankers from Monte dei Paschi di Siena, Nomura and Deutsche Bank were sentenced to jail on Friday after a case that shook Italy’s … Read more
Britain’s government will not name a successor to Bank of England Governor Mark Carney before a national election due on Dec. 12, a finance ministry … Read more
Italian banking giant UniCredit said Monday that around three million of its clients in Italy were affected by a data breach in 2015, while stressing … Read more
Bank lending to euro zone companies plunged last month, suggesting that the bloc’s economic slowdown is finally slowing lending after a period of surprising resilience, … Read more
HSBC saw an 18% drop in pre-tax profit during the third quarter, as the bank warned of challenges ahead.
Europe’s largest bank said profit before … Read more
US prosecutors filed criminal charges against Turkey’s state-run Halkbank for allegedly taking part in a multibillion-dollar scheme to evade sanctions on Iran.
The indictment is … Read more
Despite pressure from activists, investors and governments, the majority of world’s 50 largest banks have not made sustainable finance commitments to respond to the risks … Read more
Dutch bank ABN Amro has been placed under investigation by Dutch prosecutors relating over suspected money laundering, it said today.
Prosecutors said they believe that … Read more
New Zealand announced that it plans to regulate the conduct of financial institutions with new measures including a ban on target-based sales incentives, following a … Read more
The former head of Danske Bank’s arm in Estonia has been found dead days after he went missing.
Police had been searching for Aivar Rehe … Read more