The UK should not rush to impose regulation on the private credit market, City minister Lucy Rigby has said, despite mounting concerns over the sector’s systemic risk.

Traditional financial institutions can already offer alternatives, such as digital tokens that can allow for crypto, said Daniel Broby, academic programme director, Asian Institute of Management. “The ...

Banks are facing a new wave of insidious online fraud after “injection” attacks surged by 40 per cent in the past year. The ploy is now the “main way” that criminals hijack identity-checking systems ...

Deutsche Bank plans to hire 60 senior bankers across its advisory and equity capital markets operations as part of a strategy to increase its share of the global investment bank fee pool.

Klarna has reported a quarterly loss in its first results since going public in September. The Swedish fintech posted a net loss of $95mn for the third quarter, compared with a $12mn profit a year ...

You can tell a lot about an organisation by the person who leads it and how they came to be there. Jean-François Bala has been at Crédit Agricole’s corporate and investment bank for over 35 years and ...

The capital buffer was introduced after the financial crisis to try and combat the “too big to fail” quandary. In effect, the bigger the bank, the more capital it has to set aside. But Wall Street ...

At least 14 vessels were caught ‘spoofing’ off the coast of Oman earlier this month in what experts describe as a routine evasion tactic, but one with growing consequences for banks under pressure to ...

The conversations form part of UBS’s wider effort to push back against Swiss plans that would require the bank to hold an additional $26bn of capital. UBS has called the proposal “extreme”, arguing it ...

Alongside HSBC, the offices of BNP Paribas, Société Générale and Natixis were also raided by French authorities in 2023, with Crédit Agricole agreeing in September to pay €88mn to prosecutors in order ...

Europe is being jolted into financial reform — pulled by internal ambitions and pushed by external competition. This week, the European Central Bank called for powers to lift national capital barriers ...

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 ...