A US banking industry group has urged the Office of the Comptroller of the Currency to repeal its 2024 M&A policy statement in line with a move made by the Federal Deposit Insurance Corporation ...

Italian lender Monte dei Paschi di Siena has launched a €13.3bn takeover offer for its larger domestic rival Mediobanca. The offer, announced on Friday, values Mediobanca’s shares at €15.99 each, a 5 ...

The UK Financial Conduct Authority has said the next steps to progress open banking in the UK will include a new independent firm to “drive forward” variable recurring payments, following the lead of ...

European banks are set to return around €123bn to shareholders for the second consecutive year, driven by surging dividends ...

As one of his last official acts, in December US President Joe Biden approved the transfer of $20bn to a new World Bank-administered fund for Ukraine. This transfer is part of a larger $50bn loan ...

Canada’s TD Bank is planning to sell around $9bn in US residential mortgage loans to adjust its balance sheet and comply with ...

Chancellor Rachel Reeves launched an intervention on Monday in a bid to shield car loan providers from potential multibillion-pound compensation payouts following a landmark mis-selling case.  In a ...

Newly inaugurated US President Donald Trump has also called on EU Nato member countries to significantly ramp up defence spending from an existing target of 2 per cent to 5 per cent of GDP.

Santander has already begun trimming its UK workforce, announcing in October a reduction of 1,400 jobs as part of a cost-saving initiative called “Project Nike”. Should Santander exit UK retail and ...

State-based armed conflict has jumped to the number one risk for 2025 from eighth last year, followed by concerns about extreme weather and geoeconomic confrontation, according to the World Economic ...