UK challenger Metro Bank has been fined £16.7mn by the Financial Conduct Authority for failing to address flaws in its automated anti-money laundering system installed in 2016. The FCA said that ...

What is fortunate for Lazard’s 2030 strategy is that analysts expect its operating performance to improve in 2024 and 2025 after a challenging 2023 for the advisory division.

China’s banks have been told to reduce the interbank deposit rate, as part of the latest round of stimulus measures ...

Pablo Hernández de Cos will serve as general manager for the Bank for International Settlements until 2030. © Ting ...

The biennial appointment cycle saw the inclusion of 26 women, making up 27 per cent of the new partners, a slight decline from the 29 per cent share in 2022. Of the new partners, 69 per cent were in ...

Close Brothers has paused all motor finance lending, while Lloyds Banking Group, which owns the UK’s largest car finance ...

European banks are undermining the energy transition, says French non-profit Reclaim Finance, which published new research revealing that 20 of the region’s largest lenders had provided more than ...

US banks and private equity firms are gearing up for potential deregulation as Donald Trump returns for a second term as US ...

A Trump-Vance administration, under a new secretary, would likely return to an activities-based analysis, looking for market ...

In The Banker exchange’s final episode for 2024, Aliya Shibli sits down with Barbara Pianese, Farah Khalique and Antonia Mannweiler to discuss the results of the UK Financial Conduct Authority’s ...

UniCredit in September acquired a 9 per cent stake in Commerzbank, leading to speculation about a potential tie-up. The bank has since requested approval to increase its stake in the German lender to ...

Promoting a CRO to chief executive also conveys to watchdogs that a troubled company wants to get back on track. Geary, the author of How to be a Chief Operating Officer, says it “sends a message to ...