News

Deutsche Bank is to create a €30-50 billion ‘bad bank’ as part of an overhaul of its operations, as it shifts focus away from high-risk investment banking, according to the Financial Times.

US banking regulator the Office of the Comptroller of the Currency (OCC) has published its Semiannual Risk Perspective for the first half of 2019. Cybersecurity and compliance emerge as dominant themes in the 30-page report, which sets out what the OCC ...

Dirty money is still sweeping across Europe, despite new anti-money-laundering (AML) powers for the EU’s banking watchdog. That’s according to the new head of the organisation, the European Banking Authority (EBA).

The peer-to-peer lending sector arose as a disruptive alternative to the banks, providing a faster and better customer service due to their nimble and high-tech business models.

Signs that the government is working closely with the financial services sector on Brexit are increasing. Last week, the Chancellor hosted a meeting of the Financial and Professional Services’ Business Council at Downing Street, which was joined by the Prime ...

While the UK is strengthening its ties with the US financial services sector and deepening the dialogue over regulation, Whitehall has also reached out to Hong Kong in a similar bridge-building exercise.