banking

In an era of rapid change and economic uncertainty, banks find themselves at a pivotal juncture where the mastery of cost discipline becomes instrumental in shaping their future. As we navigate the challenges of sluggish revenue growth and…

© Reuters HONG KONG - Bank of America has downsized its investment banking division in Hong Kong, parting ways with senior staff including Winnie Ng and Jessica Li. This move comes amidst a substantial decline in revenue and tough…

The European Union has extended its anti-money laundering (AML) and counter-terrorist financing (CTF) guidelines to include crypto service providers In a Jan. 16 press release the European Banking Authority has addressed needs to protect…

In the dynamic landscape of banking, the synergy between compliance functions and strategic decision-makers plays a pivotal role in shaping the client experience. This article delves into the transformative potential of aligning compliance…

2/2 © Reuters. Westpac Banking Corp Chief Executive Officer Gail Kelly speaks during a media conference in Sydney November 4, 2013. REUTERS/David Gray/File Photo 2/2 ZURICH (Reuters) -UBS has nominated Australian financial executive…

The resurgence of inflation and the normalization of central banks' monetary policies have presented banks with a new challenge – managing liquidity. The era of historically low interest rates and abundant liquidity is giving way to a…

In a recent comment letter, the Bank Policy Institute (BPI) and The Clearing House (TCH) expressed reservations about the Consumer Financial Protection Bureau's (CFPB) open banking proposal, emphasizing the need for more robust measures to…

A robust and competitive banking industry serves as a cornerstone for economic growth and prosperity. As we explore the essential pillars that underpin a thriving banking sector, we'll delve into how these elements can be harnessed to…

© Reuters. FILE PHOTO: A Canadian dollar coin, commonly known as the "Loonie", is pictured in this illustration picture taken in Toronto, January 23, 2015. REUTERS/Mark Blinch/File Photo By Fergal Smith TORONTO (Reuters) - The…

The European Banking Authority (EBA) is proposing testing to see if tensions in non-bank financial institutions (NBFIs), including cryptocurrency-related entities, will impact lenders. According to the Financial Times, EBA chairman José…