US Federal Reserve chair Jay Powell testified before Congress this week, providing insights into the central bank’s perspective on current economic conditions but also on where the Fed stands on major ...

Initiatives from the Brics countries to develop alternative payments systems such as Project mBridge will continue to ...

Already caught in the crosshairs of the government’s push to cut red tape, which chancellor Rachel Reeves says is stifling UK growth, the watchdog was also on the receiving end of an unprecedented ...

The results mark a year since chief executive CS Venkatakrishnan announced a three-year plan aimed at boosting growth and returning £10bn to shareholders. Group revenue climbed 24 per cent to £7bn, ...

Under the planned new LCR regime, first announced last July, the Reserve Bank of India would require an additional five per cent of high-quality liquid assets to be held by banks with online and ...

However, low-income and emerging economies looking to close the $4tn annual climate finance gap remain one of the few bright ...

In March last year, Close Brothers suspended its dividend payments and launched a £400mn capitalisation plan after the FCA began examining the potential for mis-selling in historic car finance ...

He says the potential for growth in Asia makes restructuring east a “logical” move, adding that the shift would have also been heavily influenced by Ping An Bank, a key shareholder in HSBC, which has ...

Bank financing for fossil fuels fell 18 per cent to $870bn in 2023, according to BloombergNEF, which pushed up banks’ energy ...

The returns on equity at Angolan banks — at between 20 per cent and 30 per cent — exceed those of many African peers, Lopes says. This rests on heavy investment in government securities. Angolan banks ...

The Trump administration has effectively shut down the US Consumer Financial Protection Bureau, ordering the regulator to stop nearly all its core operations.

Canada’s TD Bank said on Tuesday that it will sell its entire 10.1 per cent stake in broker Charles Schwab for $14.6bn, as part of a strategic review following a landmark US fine last year for failing ...