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Bank Of America Fined Over $1.2bn
Bank of America faces penalties exceeding $1.2 billion from the US Treasury Department over violations of anti-money laundering and sanctions laws....
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AI Suspected In Korean Bank Cyberattacks
South Korean authorities are investigating whether artificial intelligence was used in a series of cyberattacks against banks and financial...
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KKR Expands Into Private Markets Infrastructure
KKR has agreed to acquire Gen II Fund Services for $5.1 billion including debt, giving the alternative asset manager a larger position in the...
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ECB Expands Euro Safety Nets Globally
The European Central Bank is preparing to widen access to euro liquidity for foreign central banks, strengthening its crisis-response framework while...
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Yen Sinks Despite Japan Rate Hike
Japan’s central bank has lifted borrowing costs to their highest level in more than three decades, but the yen responded by moving sharply lower. The...
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Revolut Ransom Threat Tests Digital Banking
A $3 million ransom demand has turned Revolut’s recent data breach into a broader test of trust and resilience. The incident comes as the digital...
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UK Banks Explore Tokenised Gold Opportunity
Gold could be moving closer to the architecture of mainstream banking as Britain’s financial regulator examines whether bullion can be represented...
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UK Banks Face Renewed Tax Debate
Britain’s banking sector is facing renewed political pressure as calls for a windfall tax return, placing major lenders at the centre of a broader...
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Anthropic IPO Reshapes Banking Competition
Anthropic’s planned public listing is emerging as a major test of investment banking influence, with leading financial institutions competing for...
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Revolut Targets Corporate Banking’s Established Order
Revolut is pushing deeper into UK corporate banking, targeting FTSE 250 companies as it moves beyond payments and transactional services into...
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Amazon Taps Sterling Market For Bonds
Amazon has hired banks for its first sterling bond sale, opening a new funding route as large technology groups turn increasingly to international...
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China Recapitalises Banks As Growth Slows
China is injecting 360 billion yuan, about $53.6 billion, into eight state-owned banks and insurers as Beijing seeks to reinforce financial stability...
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UK Payment Failures Test Banking Resilience
Customers across several UK banks and fintech platforms faced payment and transfer problems on 27 July, bringing fresh attention to the resilience of...
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Dollar Inflows Swell India’s Banking Liquidity
India’s banking system is carrying a record liquidity surplus after an unexpectedly large wave of dollar deposits flooded lenders with rupees, giving...
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Revolut Pushes Beyond Banking
Revolut’s ambition to dominate banking is moving from slogan to strategy as the fintech expands from payments and money transfers into a broader...
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Higher Bond Yields Raise Stock Market Risk
Rising global bond yields are creating a tougher backdrop for stock markets, as investors reassess the cost of money, the value of future earnings...
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Fintech M&A Shifts Toward Banking Infrastructure
Consolidation in fintech is moving away from consumer-facing apps and towards the infrastructure that banks and payment companies rely on. Recent...
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Scottish State Bank Reports £138mn Loss
Scotland’s state-backed development bank has reported a £138 million net loss, bringing fresh scrutiny to how public capital is used when governments...
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UK Lenders Could Gain £270 Billion Balance Sheet Boost
The Bank of England’s plan to ease capital rules for UK lenders could give banks more room to support borrowing, investment and market activity. The...
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European Lenders Face Four-Month AI Cyber Deadline
European banks are being pushed to move faster on cyber security as regulators warn that frontier artificial intelligence could make attacks on...
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