Even is not alone in that role, he says, “because it would be too complex”. BNP Paribas has around 50 CDOs across the group, spanning various regionally and locally focused roles, such as in Asia ...

Italy is standing by the conditions it set for UniCredit’s €14bn takeover bid for Banco BPM, as the government prepares to ...

Research from the UK regulator published on Friday shows that approximately 3.5mn adults relied on high-cost credit in the 12 months to May last year, a jump of 700,000 people compared to the previous ...

Senior US Democrats have criticised the chief executives of leading financial institutions, including JPMorgan, Citigroup, Bank of America, Wells Fargo, Morgan Stanley and Goldman Sachs, for pulling ...

The IFC — the World Bank’s private-sector lending arm — said a report from coalition group Stop Financing Factory Farming is ...

UK chancellor Rachel Reeves praised the “power and strength” of the City of London in keeping Ukraine’s economy functioning during wartime by developing innovative financing and insurance products to ...

Nearly 20 per cent of all UK consumers and businesses are now using open banking, up from almost 6 per cent in March 2021, with consumer adoption reaching almost the same level as that of small ...

Markets reacted positively to the announcement. S&P 500 futures rose 2.8 per cent and the US dollar gained 0.7 per cent against a basket of major currencies, while China’s yuan strengthened to a ...

The conviction of community banker Shan Hanes in August 2024 raised the issue of adequate internal controls. The former CEO of Heartland Tri-State Bank was convicted of embezzlement after collapsing ...

The bank appointed Christopher Horne, the former UK boss of Credit Suisse, as a replacement CEO for Watson at the end of January. “This is a unique opportunity to redefine what a bank can be — ...

Donald Trump’s arrival in the Gulf today for the first foreign trip of his new term occurs against the backdrop of a ...

HSBC is to partner with the European Bank of Reconstruction and Development in a new initiative designed to mobilise more private capital to close the £2.4tn-a-year global climate and nature ...