Barclays’ investment bank saw a 6 per cent income rise to £2.9bn, driven by equities trading and renewed M&A activity.

Despite these challenges, strategic investments in corporate culture at banks are still a low priority. Culture initiatives are largely sidelined to the HR function, with employee surveys targeting ...

According to a 2023 survey by the Payment & Clearing Association of China, the penetration rate of QR code payments in China is 92.7 per cent. With many merchants refusing to take cash, overseas ...

UBS announced on Monday that it is selling its 50 per cent stake in credit card provider Swisscard, acquired through its ...

Senior banking figures have urged regulators to resist increasing liquidity resilience requirements and additional controls related to uninsured deposits following last year’s US banking crisis, with ...

In 2011, once the dust had settled, the Financial Stability Board drew up a list of what they identified were global systemically important banks. Fast forward to 2024 and the list of G-SIBs is still ...

Goldman Sachs is expected to face a fine in the tens of millions of dollars from the US Consumer Financial Protection Bureau over its credit card business, according to a report by the Wall Street ...

The European Central Bank cut interest rates by 25 basis points for the third time this year on Thursday, reducing the ...

Authorities have every incentive to step up to the plate. The Fed pointed out in April that rising inequality can predict ...

The investment case for banks and other private lenders to invest in emerging markets is stronger than commonly perceived, according to the World Bank’s International Finance Corporation, citing data ...

Consider the mobile apps offered by banks. Many now use deep learning facial recognition software to perform anti-money-laundering and know-your-customers checks on new customers. Yet, beyond the ...

The fact UBS had a rigorous aptitude test appealed to Luck and suggested the institution took recruitment seriously. He stayed there for 15 years and in 2012 joined Bank of America where he is ...