HSBC’s Swiss private bank violated anti-money laundering laws, says watchdog
The Swiss Financial Market Supervisory Authority said the global bank 'seriously violated' money laundering rules over its relationship with two...
Banking
Forbes 2024 America’s Best Credit Unions In Each State List
Technology has been both a blessing and a curse for the nation’s credit unions, which are defined as community-centered financial...
BofA Private Bank Study of Wealthy Americans Finds Generational Divide in Investing, Giving and Preserving Wealth
The study found that among younger high-net-worth investors: 47% of their portfolios are in stocks and bonds, far lower than...
Democrats criticise US financial regulators for falling short on climate risk
A group of 20 US lawmakers criticised American financial regulators for falling behind on addressing climate change risks and potentially...
Fact check: Changing Bank interest payments could save £11.5bn, estimate shows
Reform UK said its plan to stop the Bank of England from paying interest to commercial banks who hold quantitative...
Standard Chartered loses bid to dismiss US sanctions lawsuit; EU to delay Basel bank capital rules by one year
Standard Chartered has lost its bid to dismiss claims in a London lawsuit alleging that the bank violated US sanctions...
How to understand central bank QE losses
This article is an on-site version of our Chris Giles on Central Banks newsletter. Premium subscribers can sign up here to get the newsletter delivered every Tuesday. Standard subscribers can upgrade to Premium here, or explore all FT newslettersCentral banks are making large losses, resulting from money creation and asset purchases over many years. This matters to all of us. Why? Because ultimately we, as taxpayers, pay. Because the politics of losses might mess up the institutional independence of monetary policy. And because losses affect the cost benefit analysis of...
Atom bank slams major banks ‘indifferent’ service as it posts record profits
The app-based bank has introduced a four-day working week for its 500 employees, without altering their salaries. The firm stated...
U.K. bank CEO says introducing 4-day week was way easier than going hybrid
As banks worldwide grapple to find the right balance between flexibility and authority over their staff, the CEO of U.K....
EU to delay Basel bank trading reforms as US revisits plans – The Irish Times
The EU will defer the application of key provisions of post-crisis banking reforms by one year, arguing that expected US...
