Beijing has strongly condemned an EU decision to sanction two Chinese banks, calling on Brussels to “immediately cease its wrong practice” while pledging a response aimed at defending the interests of ...

According to figures from the Financial Conduct Authority’s website, which have yet to be updated to include last week’s £42mn penalty against Barclays, UK banks have been fined £251.4mn since the ...

Chenyue Mao, a US citizen and managing director at Wells Fargo in Atlanta, was placed under the exit ban after entering China ...

The rising tide of stablecoins, underpinned by the pro-crypto leanings of the second Donald Trump administration, has in the ...

The head of JPMorgan’s British retail banking arm stopped short of confirming whether the bank would reach profitability this ...

A US federal banking regulator has launched a review of a contested licensing regime that enables nonfinancial companies to ...

The World Bank’s Global Findex 2025 report found that the global account ownership rate stood at 79 per cent in 2024, compared with 51 per cent in 2011 and 74 per cent in 2021. In prepared remarks ...

HSBC’s decision to exit the Net-Zero Banking Alliance is “hugely disappointing” say shareholders and sustainability experts, who called on other banks to reaffirm their commitment to the climate ...

A UK financial watchdog chief has warned that the increased involvement of overseas hedge funds in the UK bond market poses a major threat to the country’s financial system, with their increased ...

The bulk of the fine relates to Barclays’ dealings with gold bullion firm Stunt & Co, a customer of Fowler Oldfield, which was at the centre of a major money laundering investigation following raids ...

It is time to take the boot off and regulate for growth, not risk. That was chancellor Rachel Reeves’ core message in her Mansion House speech last night, where she unveiled the biggest financial ...

An Italian court has upheld the government’s demand that UniCredit exit its Russian operations as a condition for proceeding with its €45bn takeover of domestic rival Banco BPM, while striking down ...