Banking

U.S. banks are expected to report strong earnings for the first quarter of 2026, driven by sustained loan demand and higher interest rates. Major banks like JPMorgan Chase, Bank of America, and Wells Fargo are likely to see solid revenue growth,...

UK digital bank Monzo has announced its exit from the US market, ending its four‑year attempt to build a presence in the highly competitive and regulated banking sector. The move is part of a strategic shift to concentrate on the UK and European...

BNP Paribas has expanded its retail offering to include bitcoin and ethereum-linked exchange-traded notes, signalling a deeper integration of digital assets within regulated banking channels. The move reflects how banks are adapting their product...

UBS is facing continued legal scrutiny over its cash sweep practices, as a US court allows key claims in a class action lawsuit to proceed, highlighting risks within bank-led wealth management models. The case centres on UBS Financial Services and...

Morgan Stanley has warned that apparent resilience in US equities is masking underlying fragility, as a growing divergence emerges between headline index performance and individual stock trends. The view highlights a more complex market environment...

The Bank of London and its parent company have been fined by UK regulators, highlighting mounting scrutiny on governance standards and transparency within financial institutions. The Prudential Regulation Authority imposed a £2 million penalty on...

The British pound weakened against the US dollar as shifting expectations around Bank of England policy highlighted growing uncertainty within the banking and monetary environment. Currency movements reflect how central bank decisions and interest...

UBS has obtained a US national bank charter, marking a significant shift in its banking strategy as it expands its presence in the American financial system. The approval allows the Swiss lender to convert its existing US unit into a nationally...

The Bank of England is expected to keep interest rates unchanged as rising energy prices complicate the UK’s inflation outlook and delay expectations of monetary easing. Policymakers are widely anticipated to maintain a cautious stance, balancing...

A group of global banks has launched the sale of a multibillion-dollar loan package to finance the leveraged buyout of video game publisher Electronic Arts, highlighting renewed activity in leveraged finance markets. The transaction forms part of...

The U.S. Federal Reserve is considering a proposal to ease capital requirements for major banks, signalling a potential shift in regulatory policy for the American banking sector. The proposal, introduced by Federal Reserve Vice Chair for...

Escalating tensions involving Iran are casting a shadow over the Middle East expansion strategies of global lenders HSBC and Standard Chartered, raising concerns within the banking sector about operational stability and regional growth prospects....

Lloyds Banking Group has apologised after a technical malfunction in its mobile banking platforms briefly allowed some customers to view transactions belonging to other account holders. The issue affected users across the bank’s main brands,...

The Bank of England has unveiled plans to feature wildlife on its next series of banknotes, replacing the traditional historical figures that have adorned British currency for decades. The shift comes after public consultations revealed overwhelming...

Revolut has officially been granted a full UK banking licence, ending a long regulatory process that began in 2024 with a restricted licence. The approval allows the fintech company to expand its operations, offering a broader range of banking...

Lloyds Banking Group is accelerating a strategy to position itself at the forefront of digital banking in the United Kingdom, as the lender expands technology capabilities to compete more effectively with fintech firms and modernise its traditional...

Digital banking group Revolut has applied for a United States bank licence, marking a significant step in its effort to expand operations in the world’s largest financial market and deepen its presence beyond payments and digital accounts. The...

Santander UK has appointed Nicola Bannister as the incoming chief executive of TSB, marking a key leadership step as the Spanish banking group advances its acquisition of the UK retail lender. The move signals a focus on continuity and integration...

HSBC has appointed Dame Carolyn Fairbairn as the next chair of HSBC UK Bank plc, marking a significant governance transition within its ringfenced domestic subsidiary. She will succeed Dame Clara Furse by the end of the first half of 2026, subject...

Barclays, Lloyds and NatWest have reported robust annual results for a second consecutive year, underscoring a period of stability that few would have predicted a decade ago. Supported by favourable interest rates, resilient credit conditions and...