The U-turn is also a boost for the Canary Wharf Group, which owns 13 of the 32 main office blocks in the financial district.

US Federal Reserve governor Michelle Bowman has signalled her support for three interest rate cuts this year, citing weakening labour market data as a justification for beginning reductions as soon as ...

The global M&A market is on track for a record year despite the impact of tariffs, recession and geopolitical instability. The total value of global deals in the first half of the year hit $2tn, a 16 ...

The top four banks hold on to the same positions, with HDFC Bank in first place for a second year thanks to an 11 per cent increase in Tier 1 capital to $57.68bn. State Bank of India comes second with ...

You are unlikely to meet another Italian who speaks with such reverence for the Wimbledon tennis tournament and Oxford ...

The bank has also been downgraded by Fitch due to the ‘recent challenges’ presented by the motor finance episode ...

Monument is now eyeing its first full year of profitability in 2026 after the UK challenger passed £6bn in deposits, up from around £1bn at the end of 2023. Monument has now hit almost 90,000 ...

Here in the UK, bank analysts have been busy forecasting the impact of the Financial Conduct Authority’s plans to compensate consumers caught in the motor finance scandal. The regulator has said it ...

The hedges swap interest rate risk for a fixed margin, and mean banks have remained boosted by net interest margins, which is the difference between the interest charged on loans and paid out on ...

Barclays and HSBC’s NZBA exits are not procedural; they expose fundamental issues with banks’ climate commitments ...

Standard Chartered has announced an agreement to sell Brazilian forest carbon credits, using a methodology that has in the past attracted criticism for over-crediting projects on which those credits ...

The European Central Bank approved all applications to conduct so-called significant risk transfers in the last five years, despite growing concerns around the market. Significant risk transfers allow ...