Standard Chartered announced a $1.5bn share buyback on Friday after reporting an 18 per cent rise in annual profit, driven by record growth in its wealth business and strong performance in its markets ...
By a number of metrics, Bahrain is both the most competitive and challenging banking environment in the Gulf Cooperation Council. Having long ceded its status as the region’s financial centre to Dubai ...
Trump repeatedly signalled his intention to make the US a crypto haven during his election campaign last year, to the ...
On Monday the Supreme Court barred the Treasury from intervening in an appeal brought by car loan providers, ending its attempt to shield banks from big payouts, which some say could run into billions ...
Ensuring there are new entrants in the banking sector was among the first priorities listed by Travis Hill, the newly ...
Soumya Kanti Ghosh, group chief economic adviser at State Bank of India, says some banks are careful in monitoring cash flows ...
Lloyds Banking Group has set aside an additional £700mn to cover potential customer redress costs linked to a UK court ruling into the mis-selling of car finance loans, bringing its total provision to ...
The initial honeymoon period filled with excitement over their jazzy apps and kooky branding has waned, and they have not ...
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.
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 ...
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