Banking

UniCredit is approaching a decisive moment in its pursuit of Commerzbank, with the Italian lender expecting to complete the remaining regulatory steps required to exercise control over its German rival by the end of November. The announcement...

The rapid expansion of artificial intelligence infrastructure is creating a substantial new market for lenders, but it is also forcing banks to reconsider how much exposure they want to retain on their balance sheets. Dutch banking group ING is...

Europe’s rising public debts are becoming harder to separate from the behaviour of investors that hold them. European Central Bank executive board member Isabel Schnabel has warned that leveraged investment funds could turn ordinary interest-rate...

American banking supervisors have received their first dedicated framework for assessing artificial intelligence, with regulators emphasising the risks created by how banks deploy technology rather than treating AI as an entirely separate category...

At Hong Kong FinTech Week, HSBC placed workforce development alongside technology investment as it announced plans for a new artificial intelligence institute. The lender aims to open the centre in the first quarter of 2027, extending an Asian...

A potential €22 billion financing package has placed Citi at the centre of a contest for control of one of Europe's most influential family investment companies. Leonardo Maria Del Vecchio, an heir to the founder of EssilorLuxottica, has offered to...

A series of cyber incidents has prompted India's central bank to intensify scrutiny of the connections that allow banks and financial technology companies to move money. The Reserve Bank of India is asking lenders for evidence that existing...

Quarterly results from five major European banking groups have revealed an industry benefiting from several profitable business lines while remaining exposed to political uncertainty and changing interest rates. UBS, Santander, Deutsche Bank, BNP...

BNP Paribas has paired stronger quarterly earnings with a €1.3 billion share buyback, offering investors evidence that parts of European banking remain profitable despite unsettled bond markets. The French lender's results on 28 October were driven...

Authorities remain inadequately prepared to supply emergency funding to failing banks, the Financial Stability Board warned on Friday, exposing a weakness in safeguards developed after the global financial crisis. Its peer review found that fewer...

European banking supervisors are conducting additional risk reviews of lenders’ government bond portfolios, bringing trillions of euros in sovereign debt holdings under closer scrutiny. The move puts renewed attention on assets that support banks’...

India’s banking system is preparing for possible nationwide disruption from 28 to 30 September as employee unions move ahead with a three-day strike after talks with government representatives failed to deliver an agreement. The United Forum of Bank...

The rapid expansion of artificial intelligence is creating a new set of challenges for global financial stability, with regulators warning that the scale of investment behind the technology could introduce vulnerabilities across markets. While AI...

Amazon is raising about $5.76 billion through its first sterling bond sale, attracting more than $16.26 billion of orders as it broadens funding beyond the US market. The transaction comes as technology groups issue record amounts of debt to finance...

UK banks could reduce excess collateral requirements by as much as 30 per cent through wider use of tokenised assets. The potential savings point to a meaningful shift in how financial institutions manage liquidity, capital and secured market...

European banks are preparing for a longer period of elevated interest rates after Deutsche Bank revised its outlook and now expects the European Central Bank to keep tightening through December. The shift matters for lenders because higher rates can...

Citigroup could receive final approval for its wholly owned China brokerage business as early as September, ending a regulatory wait that has stretched nearly five years. The licence would deepen Citi’s onshore securities presence at a time when...

U.S. Bank is expanding its business banking operations across Florida, Georgia, Texas and Arizona, extending its commercial reach into several high-growth US markets. The move reflects a broader effort to win more deposits, lending relationships and...

Thirty-nine US state banking associations have formed the BankChain Alliance, a nationwide effort to build shared blockchain infrastructure for regulated banks by 2027. The project moves blockchain further into mainstream banking, with an emphasis...

Santander has completed its acquisition of Webster Financial Corporation, expanding its retail and commercial banking presence in the United States. The transaction gives the Spanish group greater scale, a stronger deposit base and broader exposure...