Starling Bank takes aim at overtaking Big Five rival Barclays

6 days, 21 hours ago

Bankers Race to Catch Up With EU Defense Goals in Stunning Reset

-- As Europe makes defense the bloc’s No. “Many defense firms have had trouble with simple things like getting a bank account,” said Florian Seibel, the co-founder of Quantum Systems, a maker of surveillance drones that operates in Ukraine. “Unless a number of tangible levers are pulled,” Europe will struggle to finance a new wave of defense growth, Fabrizio Campelli, …

Ukraine Germany Bank Companies Banks Bloomberg Esg

1 week, 3 days ago

Trump's CFPB drops lawsuit against JPMorgan Chase, Bank of America and Wells Fargo over Zelle fraud

Salon

The Consumer Financial Protection Bureau has dropped its lawsuit against the operator of peer-to-peer payment network Zelle and three big banks that use it. The lawsuit, filed in December, accused Zelle’s parent company, Early Warning Services, along with JPMorgan Chase, Bank of America, and Wells Fargo of improperly handling fraud complaints and denying victims reimbursement, per CNBC. The CFPB's lawsuit …

Wells Fargo Jpmorgan Cfpb Jpm Bank Of America Zelle

1 week, 3 days ago

CFPB drops lawsuit against Bank of America, JPMorgan Chase and Wells Fargo over Zelle fraud

Associated Press

The Consumer Financial Protection Bureau is dropping its lawsuit against the company that runs the Zelle payment platform and three U.S. banks as federal agencies continue to pull back on previous enforcement actions now that President Donald Trump is back in office. In December a federal regulator sued JPMorgan Chase, Wells Fargo and Bank of America, claiming the banks failed …

Trump Bank Lawsuit Sec Wells Fargo Jpmorgan Cfpb

1 week, 3 days ago

Citi’s UK Private Bank Head Knowland to Depart After 20 Years

Live Mint

Jeremy Knowland, the head of Citigroup Inc.’s private bank in the UK, is leaving the Wall Street giant after about two decades, the latest in a series of leadership changes for its wealth business. Knowland, who joined the New York-based firm in 2005, was most recently regional head of Citigroup’s private bank for areas including the UK and British crown …

Business Bank Private Citigroup Depart Head Knowland

2 weeks, 5 days ago

Monzo, Revolut, Starling or Chase? The best digital bank accounts, compared

The Independent

Digital banks - online-based with no physical branches - have become very popular in the UK in recent years. Key features: Budgeting tools with spending categories Get your salary paid a day early 24/7 chat support FSCS protection Overdrafts and loans available Free UK bank transfers Automate your savings to save time Split the bill for shared expenses Earn 3.35 …

International Payments Digital Spending Travel Insurance Getty Images Cent

3 weeks, 2 days ago

How FiatPe is Redefining Business Banking with Instant Transactions

India Today

Everything has shifted to digital—buying clothes, booking cabs, even selling old furniture. In a crowded fintech space, FiatPe has emerged as a go-to platform for businesses, offering instant, secure, and efficient payment solutions. Well, FiatPe’s instant settlements, seamless API integrations, bank-level security, and 24/7 customer support make it extraordinary. At the core of FiatPe’s success is Richika Dadheech, whose expertise …

Business Payment Businesses Instant Business Banking Banking Fiatpe

3 weeks, 4 days ago

Deutsche Bank’s Harding-Jones Follows Fedorcik as IB Co-Head

Live Mint

-- Deutsche Bank AG said Alison Harding-Jones will replace Mark Fedorcik as co-head of its investment bank as he retires from the German lender after a 30-year career. The announcement comes after Deutsche Bank’s investment bank experienced strong growth over the past few years following a deep restructuring in 2019. Fedorcik has been “instrumental in overseeing a successful turnaround, achieving …

Investment Bank Deutsche Bank Deutsche Campelli Fedorcik

3 weeks, 5 days ago

HSBC investors back CEO’s investment banking retrenchment

Live Mint

* Planned cuts and fears of more dent morale, sources say * Annual savings estimates range between $1.5 bln and $3.8 bln * US tariffs cast shadow over global trade prospects By Sinead Cruise, Lawrence White and Selena Li LONDON/HONG KONG, Feb 17 - Investors in HSBC are backing management attempts to shutter parts of its investment bank, even as …

Bank Hsbc

1 month ago

HSBC set to unveil bigger profits as cost-cutting overhaul in focus

The Independent

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy HSBC is set to unveil …

Bank Report Billion Set Hsbc

1 month ago

JPMorgan Chase begins planned layoffs for 2025: Report

Live Mint

JPMorgan Chase started informing some employees of job cuts last week, a source familiar with the matter told Reuters on Wednesday, as it begins one of several planned reductions this year. The layoffs are a part of the "regular management of the business", a spokesperson said, adding that the bank still has 14,000 open positions. The operating environment for the …

Jpmorgan

1 month ago

JPMorgan Chase layoffs 2025: Says it’s part of ‘regular management of business’

The Hindu

JPMorgan Chase started informing some employees of job cuts last week, a source familiar with the matter told Reuters on Wednesday, as it begins one of several planned reductions this year. The layoffs are a part of the "regular management of the business", a spokesperson said, adding that the bank still has 14,000 open positions. The operating environment for the …

Jpmorgan Layoffs 2025

1 month, 1 week ago

Starling Bank customers warned to make an urgent switch this week - or lose hundreds of pounds of interest

Daily Mail

Products featured in this article are independently selected by This is Money's specialist journalists. As we exclusive revealed in November, Starling will remove the 3.25 per cent current account interest payments on balances up to £5,000 entirely from Monday 10 February. Instead, it has launched an easy-access savings account which pays 4 per cent interest on balances up to £1million …

Savings Interest Cent Account Current Customers Isa

1 month, 2 weeks ago

Smaller online banks up in arms against Geldmaat giants

Dutch News

Small online banks have warned of unfair competition if a proposal to force banks to provide a network of cash machines becomes law. The new legislation would force banks with 50,000 clients or more to contribute to a network of Geldmaat cash machines, which are owned by main banks ABN Amro, ING and Rabobank. Small online banks Revolut, Triodos, bunq …

Banks Small Cash Ing Online Services Cash Machines Geldmaat

1 month, 2 weeks ago

HSBC to wind down parts of investment banking units in UK, Europe and US

The Independent

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy HSBC is to shut down …

Sign Hsbc Uk Europe Banking Operations

1 month, 2 weeks ago

JPMorgan’s Kevin Willsey retires after over 30 years at Wall Street’s largest bank

Live Mint

Kevin Willsey, a JPMorgan Chase & Company global chair of investment banking and capital markets, is retiring after over 30 years at Wall Street’s largest bank, according to a report by Bloomberg News. He was co-head of the lender's North America investment banking and led the global equity capital markets team, before taking over as global chair of investment banking …

Capital Markets Investment Banking Jpmorgan Global Chair Kevin Willsey

1 month, 2 weeks ago

DWS CEO Steps in as Private Credit Unit Struggles to Lure Cash

Live Mint

-- A few months into his role as chief executive officer of Deutsche Bank AG’s asset management unit, Stefan Hoops presented shareholders his vision for growth with a “private debt muscle” as one key part of the strategy. DWS is among newcomers struggling to make a mark in the increasingly crowded private credit space, where even BlackRock Inc., the world’s …

Business Credit Management Billion Private Bloomberg European

1 month, 2 weeks ago

Faster growth plans for the economy from Reeves are needed, says Lloyds banking boss

The Independent

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy US president Donald Trump’s threatened …

Growth Lloyds

1 month, 2 weeks ago

Lloyds CEO Welcomes Reeves’ Intervention in Car Finance Case

Live Mint

-- The boss of Lloyds Banking Group Plc said he welcomed the UK government’s recent decision to intervene in a landmark court case over controversial car loans, saying the move could help keep Britain investable. Chancellor Rachel Reeves-led Treasury this week said it’s told the Supreme Court that the case over historic practices at motor finance businesses has the potential …

Lloyds Nunn

HSBC’s payments app closure puts around 400 jobs at risk, source says

Live Mint

* Management lost enthusiasm for year-old app Zing, source says * CEO has pledged to sharpen focus, cut costs * Affected staff will be informed from Thursday-source By Sinead Cruise LONDON, Jan 23 - HSBC has decided to shutter its international payments app Zing, potentially triggering around 400 job losses, a source familiar with the matter said, as CEO Georges …

Hsbc Source Elhedery Zing

1 month, 3 weeks ago

Spain Prime Minister Defers to Watchdog on BBVA’s Sabadell Bid

Live Mint

-- Spanish Prime Minister Pedro Sanchez withheld judgment on the merits of the proposed takeover of Banco Sabadell SA by larger rival BBVA SA, even though his government previously expressed strong opposition to the banking deal. “What I want to see is a strong financial system in Spain, let’s wait and see what our competition authorities say in this regard,” …

Spain Sme Sanchez Sabadell Bbva

1 month, 3 weeks ago

Santander boss breaks silence over fears banking giant will quit Britain at millionaires' summit in Davos

Daily Mail

Santander's boss has broken her silence over fears the banking giant could quit Britain over 'excessive red tap'. The Financial Times reported last week that a former Santander executive said it had 'always been a possibility' Mrs Botín would sell up because of the banking rules that had led to lower returns. Santander's executive chair Ana Botín has dismissed fears …

Britain Spanish Santander Botín Banking Giant Mrs Botín

1 month, 3 weeks ago

Bank of America CEO Says He’s ‘Not Going Anywhere’

Live Mint

-- Brian Moynihan said he’s staying put as chief executive officer of Bank of America Corp. unless the board decides otherwise. “I’m not going anywhere unless they throw me out.” Moynihan, 65, started his 15th year as CEO of Bank of America this month. “So we do a lot with our team to get them used to experiences, get them …

Bank Bank Of America Moynihan

1 month, 3 weeks ago

Scotiabank Joins Wall Street-Led Exit of Bankers’ Climate Club

Live Mint

-- Bank of Nova Scotia is the latest major bank to walk away from the industry’s biggest climate-finance alliance, following a mass exodus led by Wall Street. In Scotiabank’s case, the firm “will continue to finance the transition and support our clients in implementing their sustainability strategies — this is the most important role that we can play,” spokesperson Katie …

Climate Group Bloomberg Canadian Jpmorgan Jpm Rbc

1 month, 3 weeks ago

Groww IPO: Fintech gears up to go public, likely picks JPMorgan, Kotak as bankers to issue

Live Mint

Billionbrains Garage Ventures Pvt. Ltd. has picked banks including JPMorgan Chase & Co. and Kotak Mahindra Bank Ltd. for a potential Mumbai initial public offering, according to people familiar with the matter. The IPO could raise $750 million or more and Billionbrains Garage may seek a valuation of $7 billion to $8 billion, the people said, asking not to be …

Jpmorgan Kotak Jpm Groww Billionbrains Garage Ipo Fintech

1 month, 3 weeks ago

Ex-Credit Suisse Bankers Use Niche Funds to Target Debt Swaps

Live Mint

-- In a small but lucrative corner of the market for structured credit products, boutique funds run by former Credit Suisse executives are making rapid inroads. Issa said that after holding senior structured credit positions at both Credit Suisse and UBS Group AG, his new setup at Enosis allows his small team to operate in ways that can be “more …

Credit Bank Debt Deals Issa Navarro Jpmorgan

2 months ago

Starmer Needs the Space Only the BOE Can Provide

Live Mint

-- Flush from a landslide election victory in 1997, the first act of Tony Blair’s Labour government was to grant operational independence to the Bank of England. After nearly two decades of Conservative government, Blair’s Labour was adhering to strict budget rules but broke free in other unimagined areas to bolster investor confidence and spur corporate investment.As we approach a …

Labour Bank Billion Uk Treasury Boe Bloomberg Opinion

2 months ago

JPMorgan’s Piepszak exits CEO race to become operations chief, incumbent COO Daniel Pinto to retire in 2026

Live Mint

JPMorgan Chase's Jennifer Piepszak, long seen as a strong contender to succeed CEO Jamie Dimon, exited the race on Tuesday and opted to become the chief operating officer of the biggest U.S. bank instead. Piepszak will succeed Daniel Pinto, a top lieutenant of Dimon and a four-decade veteran at the investment bank. The changes Tuesday spotlight three other executives: Marianne …

Dimon Jpmorgan Bank Ceo Piepszak

2 months ago

Italy’s Defense of Bank Jobs Is an EU-Wide Obstacle

Live Mint

-- Italy looks more worried about averting a few job cuts at home than amplifying its economic strength in the wider world. Prime Minister Giorgia Meloni plans to use special rules to protect branches and jobs in UniCredit SpA’s pursuit of a deal for Banco BPM SpA, Bloomberg News reported Saturday. But Meloni’s desire to meddle in a sensible domestic …

Europe Spain Italy Germany Bloomberg Unicredit Bloomberg Opinion

2 months ago

Lloyds bankers could face bonus cuts unless they turn up to office at least two days a week

The Independent

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Senior bankers at Lloyds are expected to receive payouts …

Office Bank Staff Lloyds

2 months ago

DBS Bank’s marketing playbook: Purpose-driven storytelling and the future of financial branding

Live Mint

In today’s competitive financial landscape, banks are rethinking their approach to marketing. DBS Bank, ranked as the Association of Southeast Asian Nations’ most valuable bank brand for the 18th straight year last year, has adopted a unique storytelling-led strategy to stand out. In this conversation with Mint, Karen Ngui, managing director and head of DBS Foundation and DBS Group Strategic …

India Marketing Banking Bank Digital Brand Real

2 months, 1 week ago

Wall Street Banks Cleared by Texas AG After Leaving NZBA

Live Mint

-- Texas Attorney General Ken Paxton dropped his threat to cut off big US banks from municipal-bond deals after a slew of Wall Street firms exited a controversial climate-finance alliance. Paxton’s office said late Tuesday that its reviews of Wells Fargo, Bank of America, Morgan Stanley, and JPMorgan will be closed. In a statement, Paxton’s office said the alliance pushes …

Bank Texas State Paxton Wells Fargo Jpmorgan Morgan Stanley

2 months, 1 week ago

London hit by biggest stock market exodus since global financial crisis

The Independent

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Last year was one of …

London Companies Stock Giant Lse Ipo Listing

2 months, 1 week ago

Big banks flee climate coalition formed to reduce carbon emissions

Live Mint

U.S. megabanks want to leave behind some green finance pledges in 2024. Morgan Stanley, Citigroup and Bank of America this week withdrew from an ambitious pandemic-era climate coalition designed to help drive a shift to reduce carbon emissions by businesses. Members of the coalition, launched in 2021, vowed to align “lending, investment and capital markets activities with net-zero greenhouse gas …

Climate Coalition Bank Group Banks Jpmorgan Esg

2 months, 3 weeks ago

US Fed sues JPMorgan, Wells Fargo, BofA over Zelle payment network fraud

Hindustan Times

A federal regulator sued JPMorgan Chase, Wells Fargo and Bank of America on Friday, claiming the banks failed to protect hundreds of thousands of consumers from rampant fraud on the popular payments network Zelle, in violation of consumer financial laws. The CFPB claims that the banks violated federal consumer financial laws governing electric funds transfers, which require banks conduct “reasonable …

Fraud Bank Banks Wells Fargo Jpmorgan Cfpb Bank Of America

2 months, 3 weeks ago

US Fed sues JPMorgan, Wells Fargo, BofA over Zelle payment network fraud

Hindustan Times

A federal regulator sued JPMorgan Chase, Wells Fargo and Bank of America on Friday, claiming the banks failed to protect hundreds of thousands of consumers from rampant fraud on the popular payments network Zelle, in violation of consumer financial laws. The CFPB claims that the banks violated federal consumer financial laws governing electric funds transfers, which require banks conduct “reasonable …

Bank Banks Wells Fargo Jpmorgan Cfpb Jpm Bank Of America

2 months, 3 weeks ago

JPMorgan, Bank of America, Wells Fargo sued for alleged fraud on Zelle

Salon

The Consumer Financial Protection Bureau on Friday sued JPMorgan Chase, Bank of America and Wells Fargo over their handling of fraud on Zelle, alleging the banks failed to investigate cases and reimburse consumers. “The nation’s largest banks felt threatened by competing payment apps, so they rushed to put out Zelle,” CFPB Director Rohit Chopra said in a statement. “By their …

Fraud Bank Banks Cfpb Zelle Proper Safeguards

2 months, 3 weeks ago

In a lawsuit, CFPB says 3 top U.S. banks failed to protect consumers from Zelle fraud

NPR

In a lawsuit, CFPB says 3 top U.S. banks failed to protect consumers from Zelle fraud toggle caption Roy Rochlin/Getty Images for Zelle The Consumer Financial Protection Bureau sued the operator of Zelle, as well as Bank of America, JPMorgan Chase and Wells Fargo "for failing to protect consumers from widespread fraud" at the payment provider, according to a statement …

Fraud Bank Lawsuit Banks Protect Cfpb Jpmorgan Chase

2 months, 3 weeks ago

UK PM Keir Starmer hosts Indian business chiefs to boost investments

Live Mint

London, Dec 19 Prime Minister Keir Starmer hosted a delegation of 13 Indian companies at 10 Downing Street in London on what the British government described as a “curated visit” to enhance the bilateral partnership and boost investment flows. The visit on Wednesday follows Starmer’s meeting with Prime Minister Narendra Modi on the sidelines of the G20 Summit last month, …

Business Trade Indian Starmer Opportunities

2 months, 3 weeks ago

Germany’s Commerzbank has a bumpy history with big M

Live Mint

By Tom Sims FRANKFURT, Dec 18 - UniCredit has raised its stake in Germany's Commerzbank to 28% with new derivative contracts as its bid for smaller domestic peer Banco BPM faces hurdles. Deutsche Bank describes as "fictions" media reports suggesting that Germany's biggest bank might seek a tie-up with Switzerland's UBS or Commerzbank. Sept. 11 UniCredit approaches Commerzbank about exploring …

Germany Reuters Big German Merger Ubs Unicredit

2 months, 3 weeks ago

New banking data reveals ’huge’ leap within India business corridor

Live Mint

London, Dec 17 Business activity between the UK and India has flourished in 2024 as the value of payments received by clients in Britain from India rose by 121 per cent, according to the latest data released by HSBC UK. In the nine months to October 2024, the value of payments made by HSBC UK business clients to India reportedly …

Data Hsbc Hsbc Uk Fta India Business Uk Businesses

2 months, 3 weeks ago

Big banks urged to step up on sustainable finance in 2025

The Independent

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. It comes after ShareAction recently found that while all …

Finance Europe Sustainable Renewable Energy Set Hsbc Big Banks

3 months ago

Private Banks Boost Hong Kong Hiring to Woo Rich Chinese Clients

Live Mint

-- Wealth managers are ramping up hiring in Hong Kong to cater to an inflow of mainland Chinese money. Bank of Singapore has boosted staff in Hong Kong by 30%, while Julius Baer Group Ltd., a Swiss wealth manager, grew its office space in Hong Kong by 40% last year along with hiring. “This year, we’ve seen an increase in …

China Wealth Hong Kong Bank According Chinese Kong

3 months ago

'Can’t let big biz into banking yet,' says banker Kundapur Vaman Kamath

New Indian Express

MUMBAI: Kundapur Vaman Kamath, the veteran banker who led the rapid growth of ICICI Bank and helmed it for nearly two decades from its inception and make the largest private sector lender within few years, has spoken against allowing corporate houses into banking space, saying the regulator has to be satisfied that they will not misuse public deposits through the …

Banking Sector Rash Behaviour Kundapur Vaman

3 months ago

Smallcase's early backers Peak XV, WEH to sell part stakes in new funding round

Live Mint

BENGALURU : Smallcase's early investors, including Peak XV Partners and WEH Ventures, are looking to partly offload their stakes in the fintech, which is in talks to raise over $50 million in a mix of primary and secondary transactions, three people close to the development told Mint. Liquidity needs Since its split from Silicon Valley-based Sequoia Capital in 2023, Peak …

Capital Weh Funding Round Peak Xv Smallcase

3 months ago

JPMorgan, Pictet Defy Consensus to Bet on More Swiss Franc Gains

Live Mint

-- Big banks and investors including JPMorgan Chase & Co., Citigroup Inc. and Pictet Asset Management are bullish on the Swiss franc ahead of this week’s central bank meeting, defying the market consensus for a weaker currency. “The extreme dovishness of the SNB has not done anything to limit the Swiss franc’s outperformance,” said Daniel Tobon, head of G10 FX …

Currency Bloomberg Euro Swiss Jpmorgan Franc Snb

3 months ago

Small, mid-cap private banks on the rise: Emkay Global bets on Federal Bank, Karnataka Bank, Karur Vysya Bank

Live Mint

Small-cap and mid-cap private sector banks have experienced a strong recovery in the post-COVID banking resurgence, marked by gains in credit market share, expansion in return on assets, and robust stock performance. Amid expectations of policy rate cuts, he believes banks such as RBL Bank and Karur Vysya Bank are better positioned to withstand margin pressures due to their higher …

Quality Bank Banks Roa Asset Emkay Global Rbl Bank

3 months, 1 week ago

Banker Bonus Pools Increase 12% at Canada’s Six Largest Lenders

Live Mint

-- Canada’s largest banks all are poised to pay their employees more in variable compensation for 2024, with stock-market favorites Royal Bank of Canada, Canadian Imperial Bank of Commerce and National Bank of Canada increasing bonus pay the most. While Royal Bank’s dominant capital-markets franchise saw profit increase by more than 10% last year, net income at CIBC’s equivalent unit …

Business Compensation Canada Performance Bank Wealth Management Pay

3 months, 1 week ago

Banks are stepping up partnerships with startups: Axis Bank’s New Economy Group head Sanjiv Bhatia

Live Mint

Private banks are stepping up to build strong relationships with startups and offer a range of services including credit, technology assistance, and networking, driving a more conducive environment for India’s burgeoning startup ecosystem as well as helping banks identify the right customers, a top executive at Axis Bank told Mint. This is essentially like the Silicon Valley Bank framework where …

India Mumbai Bhatia Startups Bank Banks Head Sanjiv

3 months, 2 weeks ago

JPMorgan Rejects Transition-Finance Trend Gripping Wall Street

Live Mint

-- JPMorgan Chase & Co. is turning its back on a trend that’s been embraced by many of its Wall Street peers. Wells Fargo began developing a transition-finance framework last year, and said in August it will consider “a broad scope of activities.” The goal is to define what can be included in its $500 billion sustainable finance goal, and …

Sustainable Green French Banks Framework Head Wells Fargo

Starling Bank takes aim at overtaking Big Five rival Barclays

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