The US Federal Reserve has issued additional guidance for banks considering activities involving cryptocurrencies, stating that firms must notify the Fed beforehand and make sure that...
OCBC, Singapore’s second-largest lender, reported a 28% increase in quarterly profit, surpassing market expectations due to a rise in interest rates, which increased its net interest...
Spanish banks BBVA and Caixabank are considering legal action in response to a proposed tax on banks in Spain. The tax, which would also affect large...
On Thursday, Metro Bank announced that it has narrowed its first-half pre-tax losses and anticipates reaching monthly breakeven in the first quarter of next year, thanks...
Established lenders, including Goldman Sachs, should consider acquiring fintech upstarts that are now struggling in the market, such as Affirm, Klarna, and Robinhood Markets, according to...
Spain’s government plans to impose temporary taxes on power companies and banks in order to generate 7 billion euros ($7.02 billion) in 2023-2024 to help Spaniards...
The United Arab Emirates (UAE) has announced plans to simplify the process of incorporating digital companies, as part of its wider economic diversification strategy away from...
Hong Kong has retained its status as a financial hub and remains a crucial gateway for investment into mainland China, according to some of the city’s...
Citigroup’s global head of markets, Andy Morton, predicted a sharp fall in the bank’s investment banking business, by as much as 55%, during the current quarter....
Turkey’s government has taken serious measures to harness the country’s banks and securities markets to contain the soaring inflation and stabilise the currency. The government’s steps...
