UniCredit has formally notified Germany’s Federal Cartel Office of its planned acquisition of a 29.99 per cent minority stake in Commerzbank, a spokesperson for the regulator confirmed on Wednesday.

DBS has become the first major Asian bank to say it will make significant job cuts as a result of its use of AI. The cuts come after Italy’s Intesa Sanpaolo said late last year that it could slash up ...

While Donald Trump’s early volley of tariffs has stoked fears of a global trade war, such a prospect is likely to be a boon for trade finance revenues after three years of decline, despite concerns ...

The government has confirmed the UK will speed up the settlement of securities and bring the country in line with the US, as part of its attempt to tackle lacklustre economic growth. The Treasury said ...

Banks in the UK are mostly lending to buy existing property or to the financial sector rather than supporting economic output, according to campaign group Positive Money’s analysis of Bank of England ...

Initiatives from the Brics countries to develop alternative payments systems will continue to progress despite the risk of retaliatory economic measures from US President Donald Trump, suggest ...

The HSBC logo perched at the top of 8 Canada Square has stared down on Canary Wharf for more than a quarter of a century. But ...

“Business opportunity in the second part of the decade will be driven by solid investment in infrastructure and by the ...

Trump repeatedly signalled his intention to make the US a crypto haven during his election campaign last year, to the ...

For US banks that have pledged to be net zero by 2050, Trump’s rhetoric is more than just words. Will they push forward with ...

JPMorgan said on Monday it has committed $50bn of its own capital to lend to risky companies backed by private-equity firms, accelerating its push into the growing private credit market. The US ...

Ensuring there are new entrants in the banking sector was among the first priorities listed by Travis Hill, the newly appointed Republican acting chair of the FDIC, in one of his first speeches in ...