A US banking industry group has urged the Office of the Comptroller of the Currency to repeal its 2024 M&A policy statement in line with a move made by the Federal Deposit Insurance Corporation ...

Italian lender Monte dei Paschi di Siena has launched a €13.3bn takeover offer for its larger domestic rival Mediobanca. The offer, announced on Friday, values Mediobanca’s shares at €15.99 each, a 5 ...

The UK Financial Conduct Authority has said the next steps to progress open banking in the UK will include a new independent firm to “drive forward” variable recurring payments, following the lead of ...

European banks are set to return around €123bn to shareholders for the second consecutive year, driven by surging dividends ...

As one of his last official acts, in December US President Joe Biden approved the transfer of $20bn to a new World Bank-administered fund for Ukraine. This transfer is part of a larger $50bn loan ...

Canada’s TD Bank is planning to sell around $9bn in US residential mortgage loans to adjust its balance sheet and comply with ...

Chancellor Rachel Reeves launched an intervention on Monday in a bid to shield car loan providers from potential multibillion-pound compensation payouts following a landmark mis-selling case.  In a ...

Newly inaugurated US President Donald Trump has also called on EU Nato member countries to significantly ramp up defence spending from an existing target of 2 per cent to 5 per cent of GDP.

Santander has already begun trimming its UK workforce, announcing in October a reduction of 1,400 jobs as part of a cost-saving initiative called “Project Nike”. Should Santander exit UK retail and ...