HSBC reported a pre-tax profit of $32.3bn for 2024 which exceeded analyst forecasts, and announced a new $2bn share buyback. For the final three months of 2024, pre-tax profit came in at $2.3bn, up $1 ...
In line with UK and Swiss markets — also confirmed in January — the European Commission said last week that the EU will transition to T+1 in October 2027, a move which now awaits approval from the ...
The bank in April 2022 began raising its key interest rate from a low of 0.1 per cent to a peak of 4.75 per cent in May 2023.
While trade finance is generally perceived as a low-risk business — the default rate for import and export letters of credit ...
Andy Agathangelou, founder of campaign group the Transparency Task Force, which recently organised a rally outside the ...
On January 20, the day of Trump’s inauguration, New York City Comptroller Brad Lander struck a defiant tone. In a statement ...
Progress on mBridge may become less transparent moving forward, however, compounded by the departure of the Bank for ...
Dennis Kelleher, chief executive of non-profit Better Markets, agreed strangling the CFPB of cash is an error. “ [The agency has] forced financial firms to return almost $20bn to 200mn ripped-off ...
The UK government is reducing its stake in NatWest, formerly RBS, following its £46bn bailout during the 2008 financial ...
However, low-income and emerging economies looking to close the $4tn annual climate finance gap remain one of the few bright ...
Under the planned new LCR regime, first announced last July, the Reserve Bank of India would require an additional five per ...
HSBC is in discussions to offload its retail banking operations in Bahrain, according to two sources with knowledge of the matter, as part of its recently announced group-wide restructuring, which ...
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