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 ...

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 ...

Goldman Sachs, Bank of America and Citigroup all exceeded analysts’ estimates for their third-quarter earnings on Tuesday, ...

Singaporean financial services providers are “falling short” of their responsibilities to mitigate money-laundering risks and ...

Starling’s growth in particular was substantial — its revenue rose from £13,000 in 2016 to £453mn in 2023, according to the ...

Asian financial institutions’ slow adoption of Legal Entity Identifiers could leave them at risk of paying higher transaction ...

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, ...

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 ...

SVB and last year’s other bank failures put renewed focus on bank funding concentration and uninsured deposits ...

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 ...

Indeed, some large players believe they are as much as 23 months behind the bad guys when it comes to detecting financial crime in general, according to fresh research from RedCompass Labs, which ...

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.