The Serious Fraud Office has warned City firms not to “frustrate or delay” its investigations as the agency increases the number of dawn raids under a more aggressive enforcement approach.

EU plans to put depositors ahead of bondholders when banks fail could boost lenders’ deposit ratings, according to Fitch Ratings. The proposed reforms, due to be approved in 2026, mean some banks’ ...

Across the financial system, a quiet revolution is under way. Insurers are becoming active partners in climate adaptation. With global catastrophes leading to an estimated $300bn in annual damages, of ...

Swiss bondholders are pushing for a potential settlement with UBS after a court ruled that the SFr16.5bn ($20.8bn) write-off of Credit Suisse’s additional Tier 1 bonds during its 2023 rescue lacked a ...

Building on Kazakhstan’s strong showing, Halyk Bank easily secures first place with Tier 1 capital of $5.7bn. Fellow Kazakh lenders Kaspi Bank and Alatau City Bank — formally known as Jusan Bank — ...

Kazakh banks continue to dominate the leading positions in the Commonwealth of Independent States main regional ranking, with six of the top 10 places once again held by lenders from the country. Even ...

Indy Dhami, UK banking cyber lead at KPMG, says this means third-party vendors will need to meet the same standards as banks. “Incident reporting timelines will probably align with NIS2’s 24-72-hour ...

After what has felt like a never-ending flow of announcements from lenders about the latest batch of bank sites to disappear from the high street, Nationwide came out this week to declare that it will ...

Even if Revolut makes good on its threat to list in the US, most of the wealth creation and innovation will stay in Europe, according to Itxaso del Palacio, general partner at Notion Capital, which ...

UniCredit chief executive Andrea Orcel fears the Kremlin will take over its Russian unit. Orcel believes the bank’s Russian subsidiary faces an increasing risk of nationalisation as its importance to ...

Africa’s institutional capital (pension, insurance and sovereign funds) remains one of the continent’s most underused levers for growth. While these funds have traditionally sought the safety of ...

“There is no regulatory framework in the UK to allow banks to get involved in stablecoins,” he told The Banker, adding that BoE governor Andrew Bailey takes the view that they will pull liquidity out ...