Lloyds Banking Group has announced plans to close a further 95 branches across the UK, extending a multi-year contraction of its physical network amid continued migration to digital banking. The closures comprise 53 Lloyds sites, 31 Halifax branches and 11 Bank of Scotland outlets,
U.S. banking lobby groups have formally objected to proposals that would allow
Canada’s federal government has confirmed that 2026 will mark the formal launch
The world’s largest banks are urging regulators to rethink a growing shift
HSBC Holdings Plc reported that its banking services in Hong Kong are
Smart banking is gaining traction among Nigerian entrepreneurs as business owners increasingly adopt digital financial
U.S. dollar-backed stablecoins could siphon as much as $500 billion out of the deposits of
The European Central Bank has revised its crisis management guidelines to permit liquidity support for
Hong Kong’s financial authorities have announced a substantial expansion of yuan liquidity provision to banks,
Europe’s reliance on foreign-controlled payment systems has emerged as a material financial stability and sovereignty
Fintech companies operating in and beyond New York are recalibrating strategy in response to a
President Donald Trump announced his intention to pursue legal action against JPMorgan Chase, asserting that
Britain’s digital bank Revolut has formally applied for a full banking licence in Peru, marking
Central banks are increasingly experimenting with bitcoin and other digital assets as part of broader discussions about reserve diversification, even though mainstream monetary authorities remain cautious about formal adoption. A recent move
Wall Street is on track for its strongest investment banking performance since the pandemic, driven by a notable rise in fee income among the largest US banks. Analysts and market data suggest that quarterly results due this week will confirm
India’s markets regulator has accused Bank of America’s local investment bank unit of breaching insider trading rules and internal confidentiality protocols in connection with
The Bank of England’s custody of Venezuelan gold reserves has resurfaced as a contentious financial issue, highlighting the complex intersection of sovereign assets, diplomatic
Nigeria’s largest payments technology company, Flutterwave, has completed the acquisition of open banking startup Mono in an all-stock transaction valued at between $25 million and $40 million, marking one of the rare notable exits in Africa’s fintech ecosystem. The move expands Flutterwave’s footprint beyond
Global investors are warning that 2026 could bring a significant inflationary challenge driven largely by sustained and heavy investment in artificial intelligence infrastructure and technology, a risk they say remains underappreciated in markets buoyed by AI optimism. Analysts from major financial institutions and asset
Russia’s central bank has filed a lawsuit seeking about $230 billion in damages from Belgium-based financial services firm Euroclear, intensifying a high-stakes legal and financial confrontation rooted in the freezing of Russian assets following the invasion of Ukraine. The case, lodged in a Moscow
Spanish banking group BBVA and artificial intelligence developer OpenAI have formalised a strategic alliance aimed at embedding generative AI deeply into financial services, signalling a new phase in how technology is reshaping the banking sector. The collaboration, announced by BBVA’s chair Carlos Torres Vila
UK banks are preparing to offer more personalised guidance on how customers might allocate their savings and investment funds, a shift that reflects evolving financial services strategies aimed at strengthening client engagement
The European Central Bank is preparing to propose a significant simplification of capital-buffer regulation for banks – not by reducing requirements, but by streamlining the number and complexity of buffers currently in
Klarna has extended its partnership with Apple Pay into two of Europe’s largest consumer markets – France and Italy – enabling users to pay via monthly instalments directly through Apple Pay’s checkout
Fintech development across Africa is accelerating as industry growth becomes increasingly anchored in interconnected ecosystems rather than isolated innovation. Collaborations involving startups, banks, mobile operators, investors and regulators are now central to
The Bank of England has reduced the core capital requirement for major UK lenders from fourteen per cent to thirteen per cent, marking the first easing of post crisis standards in more
Swiss voters are preparing to decide on a proposal that would significantly alter how large inheritances and gifts are taxed in one of the world’s most stable financial centres. The initiative seeks
Shortly after the UK budget, two major US banks unveiled plans to significantly increase their footprint in Britain, signalling renewed confidence in the country’s financial-services environment. JPMorgan said it will build a
The British pound strengthened modestly as markets positioned themselves ahead of the UK government’s much-anticipated budget. Financial markets appear cautiously optimistic that the forthcoming measures may avoid overly aggressive tax hikes while
Quantum computing is emerging as a transformative force in banking, with the potential to redefine financial performance across multiple dimensions. According to McKinsey & Company, leading banks are already exploring applications that
European lenders are increasingly deploying incentives to maintain investor interest as the sector’s rally shows signs of stalling. The move comes amid softer earnings and rising concerns over economic growth, prompting banks to sweeten propositions. Several institutions have introduced share
Major US banks including JPMorgan Chase, Bank of America and Citigroup have abandoned plans to provide a US$20 billion loan facility to Argentina, according
The European Union has reached a provisional agreement to harmonise core insolvency laws across its 27 member states, seeking to remove legal barriers to
The Bank of England (BoE) on 18 November 2025 announced that the deposit protection limit under the Financial Services Compensation Scheme (FSCS) will be