For the first half of 2024, only 33 per cent of large US banks were rated “satisfactory” in all three categories, a decrease from the 55 per cent recorded in 2020, according to the institution’s ...
Since the issues surfaced in 2016, the bank has faced billions in fines and numerous regulatory penalties, many of which remain unresolved. However, the bank has made progress, closing six consent ...
The Financial Conduct Authority alongside the Prudential Regulation Authority have said they want to make the current regime friendlier to senior bankers and propose making it easier and quicker for ...
The government of the Bahamas announced its first debt-for-nature swap last week, which will refinance $300mn of the country’s external commercial debt in return for the country improving ocean ...
This is the Tradeston campus, opened by Barclays in 2021 to be the bank’s latest global centre for “functions, technology and ...
Spanish lender BBVA announced a series of commitments on Wednesday aimed at gaining antitrust approval from the country’s competition regulator the CNMC for its proposed hostile takeover of Banco ...
A tie-up with Banco BPM would give UniCredit a chance to strengthen its position in Italy, said De Carlo, where it currently derives half of its revenues. “UniCredit [doesn’t have] a strong franchise ...
The markets have spoken: Donald Trump’s return to the White House is a boon for Wall Street. Bank stocks are on a seemingly one-way upward trajectory, buoyed by the promise of lower corporate taxes ...
The most favourable scenario from Trump’s point of view is likely to be that Gensler resigns in the near future, as his tenure ends only in 2026. Trump would then be able to immediately appoint an ...
Under this scenario, banks’ financial losses totalled €630bn, an increase of almost 90 per cent on losses (€343bn) under the baseline scenario. The baseline stress scenario saw the EU’s Fit-for-55 ...
The US sanctions coincide with the expiration on January 1 of contracts for Russian gas transiting through Ukraine to European countries, including Slovakia and the Czech Republic. Treasury secretary ...