Prosecutors say Canadian lender failed to remedy ‘long-term, pervasive and systemic deficiencies’ because of cost controls
Dutchman to become external senior adviser to Arta Finance, venture founded by former Google employees
UK FCA says lender’s ‘woeful systems and controls’ exposed struggling clients to risk of harm
Moves to cap weekly hours for entry-level bankers butt against reality of competitive industry
New chief Georges Elhedery is working on restructuring that could save as much as $300mn
Italy’s UniCredit pursues a stake in Germany’s Commerzbank
The pressing risk no longer is that banks are ‘too big to fail’ but ‘too small to deliver’
In contrast to Berlin’s stiff opposition, many family-owned businesses are pragmatic about a bid by UniCredit
Business expectations lowered for summit to be held in Baku next month
Loan growth has been sluggish as higher interest rates have deterred borrowers
A rapid expansion in finance is coming together in an excitable cocktail of risk and opportunity
As the focus shifts from blaming customers to shutting down scammers, most victims will receive automatic refunds. But is it enough?
Some companies are already planning targeted marketing
FCA says lender’s efforts to identify potential money laundering ‘did not keep pace’ with its growth
Senior management at UK’s premier Covid loan-arranger neobank were worse than useless, FCA finds
Italian lender sidestepped bank ownership rules to build 21% position in German rival
Eras in financial services end or recede with the incumbents always the last to find out
Tech group to roll out channel for sharing of transaction intelligence
Plus, how Andrea Orcel covertly built up a stake in Commerzbank and celebrities ditch BDO after ex-employee is accused of fraud
Co-heads of British lender’s investment banking arm seek to reduce reliance on debt underwriting
Chief Marc Rowan sets targets for private capital group to become one of world’s largest debt underwriters
Bloc’s officials say opposition to UniCredit’s move on German lender at odds with Berlin’s pro-EU stance
Handful of secretive businesses including Jane Street and Citadel Securities have seized market share from the old guard
New fraud rules will see some lenders dock customers’ compensation while others waive charges
Eraj Shirvani exits Swiss financial services company as it chases $2.3bn of debts still outstanding
