On Monday the Supreme Court barred the Treasury from intervening in an appeal brought by car loan providers, ending its attempt to shield banks from big payouts, which some say could run into billions ...

Ensuring there are new entrants in the banking sector was among the first priorities listed by Travis Hill, the newly ...

Soumya Kanti Ghosh, group chief economic adviser at State Bank of India, says some banks are careful in monitoring cash flows ...

Lloyds Banking Group has set aside an additional £700mn to cover potential customer redress costs linked to a UK court ruling ...

The initial honeymoon period filled with excitement over their jazzy apps and kooky branding has waned, and they have not ...

HSBC reported a pre-tax profit of $32.3bn for 2024 which exceeded analyst forecasts, and announced a new $2bn share buyback. For the final three months of 2024, pre-tax profit came in at $2.3bn, up $1 ...

In line with UK and Swiss markets — also confirmed in January — the European Commission said last week that the EU will transition to T+1 in October 2027, a move which now awaits approval from the ...

The bank in April 2022 began raising its key interest rate from a low of 0.1 per cent to a peak of 4.75 per cent in May 2023.

Dennis Kelleher, chief executive of non-profit Better Markets, agreed strangling the CFPB of cash is an error. “ [The agency has] forced financial firms to return almost $20bn to 200mn ripped-off ...

HSBC is in discussions to offload its retail banking operations in Bahrain, according to two sources with knowledge of the matter, as part of its recently announced group-wide restructuring, which ...

The five-member panel of judges, including Supreme Court president Lord Reed, ruled against allowing the government to intervene, dealing a setback to banks potentially facing compensation costs in ...

Standard Chartered said on Monday that its Hong Kong banking division will partner with local software company Animoca Brands and Hong Kong Telecom to establish a joint venture aiming to secure a ...