The Banker11h
AI experimentation is a ‘source of fun’, says E.Sun CTO
Beyond cloud infrastructure, it is Jang’s expertise in AI that has enabled the bank to experiment with a wider range of applications, ranging from identification and fraud detection to risk management ...
The Banker2d
Explainer: TD Bank’s future after unprecedented money-laundering charge
TD Bank is expecting its pre-tax net interest income to fall by up to $225mn in the 2025 fiscal year, after it became the ...
The Banker20h
Goldman, BofA, Citi profits beat analyst estimates; JPMorgan to expand into Kenya and Côte d'Ivoire
Goldman Sachs, Bank of America and Citigroup all exceeded analysts’ estimates for their third-quarter earnings on Tuesday, ...
The Banker6d
Asia’s financial institutions face higher transaction costs without LEI compliance push
Asian financial institutions’ slow adoption of Legal Entity Identifiers could leave them at risk of paying higher transaction ...
The Banker1d
Why finance ministers must no longer ignore climate and nature risks
To solve these issues, finance ministers and their macroeconomic advisers, including the IMF, need to take charge and prioritise the very investments that could safeguard their economies. Otherwise, ...
The Banker1d
UBS ordered by regulator to strengthen crisis plans; HSBC’s China wealth unit hit by cuts as costs and losses rise
Swiss financial regulator Finma has ordered UBS to strengthen its emergency planning following its takeover of Credit Suisse last year, to ensure the bank can be wound down or sold without risking ...
The Banker6d
US banks should disclose more data on their deposits, urges non-profit
SVB and last year’s other bank failures put renewed focus on bank funding concentration and uninsured deposits ...
The Banker2d
UniCredit’s deal-winning approach to telecoms
UniCredit was financial adviser to TIM, with a focus on determining the post-deal capital structure. The KKR-sponsored transaction to acquire NetCo required financing of €10.5bn, underwritten by 11 ...
The Banker6d
HSBC £300mn cost-cutting plan targets senior managers; UK regulators weigh further easing of banker bonus rules
HSBC chief executive Georges Elhedery is planning significant cost-cutting measures that could save up to $300mn by reducing the bank’s top management layers, the Financial Times reported on Thursday.
The Banker2d
JPMorgan, Wells Fargo earnings lift US bank stocks; Intesa Sanpaolo apologises for security breach tied to PM Meloni
Despite reporting declines in year-on-year profits — JPMorgan’s net income dropped 2 per cent to $12.9bn and Wells Fargo’s fell 11 per cent to $5.1bn — both banks exceeded analysts’ forecasts, which ...
The Banker5d
Barclays warns UK policy gaps hinder participation in biodiversity credits market
Clearer policy and enforcement are needed to give farmers and landowners confidence to participate in markets that benefit nature, bank says ...
The Banker5d
Wage growth and financial crime to squeeze retail bank margins
Rising operating costs for retail lenders are set to result in margin declines of between 5 to 10 per cent by 2026, McKinsey has warned, with rising wage growth, increased financial crime, growing ...