The UK fintech boasted of having a market valuation of $1.1bn, “making it the first pre-revenue bank in history to attain ‘unicorn’ status upon debut”, while also waxing lyrical about being only the ...

JPMorgan has warned incoming graduates that accepting another job within 18 months of joining the bank will result in ...

“France’s dynamic banking ecosystem, robust regulatory environment, and strategic position as a financial hub provide the ...

However banks can limit their exposure through various measures. They may cap exposure to PIK loans at 10-15 per cent of the collateral they are willing to finance from NBFIs. This reduces the near-to ...

Nine regulatory bodies including the Australian Securities and Investments Commission, several Canadian provincial securities regulators, Hong Kong’s Securities and Futures Commission, Italy’s Consob, ...

The US Senate has confirmed Federal Reserve governor Michelle Bowman as vice-chair for supervision, positioning her to lead the central bank’s regulatory efforts with a mandate likely to focus on ...

The UK is now a more attractive destination for US climate tech investors than their home market, amid the policy uncertainty ...

In a letter dated June 3 sent to ECB President Christine Lagarde, seen exclusively by The Banker, UNI Europa’s regional secretary Oliver Roethig expressed “deep concern” over the bank’s proposed ...

The UK’s financial watchdog has confirmed it will maintain limits on disclosing enforcement investigations in a “rare success story” for industry pushback, although the scope of the test for naming ...

Wells Fargo has been released from a Federal Reserve-imposed asset cap that had restricted its growth since 2018, representing a significant turning point for the US lender and opening the door to ...

Financial institutions will have to pay considerably more to implement T+1 in Europe compared to North America due to the greater complexity of the European market.

Business users — while accounting for only around 5 per cent of Monzo’s 2.2mn total base — generate significantly higher revenue than personal banking customers; average revenue per user increased ...