Executives at major US regional lenders have indicated that they are currently unwilling to pursue large-scale mergers and acquisitions, citing the need to focus on artificial intelligence initiatives, systems conversions
Banking
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The cost of borrowing for the UK government has climbed to its highest level in 19 years, driven by a fresh wave of global debt sell-offs and rising energy prices.
The financial implications of the Bank of England’s quantitative tightening programme have prompted calls for a fundamental review of the relationship between monetary and fiscal policy. The central bank’s recent
Citizens Bank has filed a lawsuit against digital lender SoFi, accusing the San Francisco-based company of systematically recruiting thirty mortgage-focused employees since 2024. The legal action, submitted to the United
Central bankers in the United States, Japan and the United Kingdom face a critical juncture this week as surging inflation and turbulent global bond markets intensify pressure on monetary policy.
The Bank of England is anticipated to increase interest rates on four occasions over the coming year, according to market figures, following the release of stronger than expected economic data.
Global central banks are preparing to address mounting inflationary pressures driven by surging energy prices and geopolitical instability in the Middle East. The European Central Bank has already moved to
Block, the parent company of Cash App and Square, has applied for regulatory approval to establish a national trust bank. The Oakland, California-based firm intends to name the new entity
Major mortgage lenders in the United Kingdom have recently announced increases in the cost of home loans, effectively dashing the hopes of borrowers who had anticipated a decline in interest
Brant Standridge has been appointed to oversee all revenue-generating businesses at Huntington, a significant expansion of his existing role as president of consumer and regional banking. The promotion positions the
The Dutch central bank has confirmed that it has relocated significant portions of the nation’s gold reserves out of North America and into London. The move, described by officials as
The Federal Deposit Insurance Corporation has significantly increased the volume of reciprocal deposits that eligible banks may hold under the statutory exception to brokered deposit treatment. The interim final rule,
British digital bank Revolut has secured conditional approval from the Office of the Comptroller of the Currency to establish a full-service national bank in the United States. The regulatory nod
The European Central Bank is assessing the feasibility of interlinking its TARGET Instant Payment Settlement platform with the Central Bank of Brazil’s Pix system. This potential connection would represent the
Huw Pill, the Bank of England’s chief economist, has cautioned that adopting a passive stance on interest rates during the ongoing conflict in Iran risks triggering a resurgence of inflation
The Bank of England must increase interest rates to prevent a loss of market confidence, the central bank’s chief economist has stated. Huw Pill, speaking in Edinburgh, expressed discomfort with