Wells Fargo has been released from a Federal Reserve-imposed asset cap that had restricted its growth since 2018, representing a significant turning point for the US lender and opening the door to ...

On the ESG front, Citigroup, BofA, Morgan Stanley, Wells Fargo, Goldman and JPMorgan have all exited the Net-Zero Banking ...

The research estimates that the budget for T+1 projects in Europe for a big global custodian is likely to top $36mn, while the implementation budget for a small asset manager is likely to start at ...

Business users — while accounting for only around 5 per cent of Monzo’s 2.2mn total base — generate significantly higher revenue than personal banking customers; average revenue per user increased ...

The Federal Reserve’s proposed changes to bank stress tests, which check the health of the major lenders, could “make crashes ...

Julius Baer said on Tuesday it would introduce new cost-saving measures totalling SFr130mn ($159mn) by 2028, as part of a broader effort to strengthen governance and restore investor confidence ...

Nomura is currently in expansion mode in the US. It recently agreed to acquire Macquarie’s US and European public asset ...

The investment bank in which Valentino works is a standalone entity that sits under the wider Rockefeller Capital Management ...

The UK payments regulator is being urged to reassess industry liability in authorised push payment fraud, reflecting concerns ...

At the Houlihan Lokey One conference in New York in May, which focused on private markets, the mood around the consumer ...

In its annual report, the EBA wrote: “Geopolitical developments may exacerbate these risks by creating a risk-averse environment, which may lead to reduced growth potential, diminished investment, ...

In summary, a science-based simplification of the ESRS could streamline disclosures by focusing on what is truly material, creating better, more actionable data with less effort.