Even is not alone in that role, he says, “because it would be too complex”. BNP Paribas has around 50 CDOs across the group, spanning various regionally and locally focused roles, such as in Asia ...

Senior US Democrats have criticised the chief executives of leading financial institutions, including JPMorgan, Citigroup, Bank of America, Wells Fargo, Morgan Stanley and Goldman Sachs, for pulling ...

Research from the UK regulator published on Friday shows that approximately 3.5mn adults relied on high-cost credit in the 12 months to May last year, a jump of 700,000 people compared to the previous ...

Italy is standing by the conditions it set for UniCredit’s €14bn takeover bid for Banco BPM, as the government prepares to ...

The IFC — the World Bank’s private-sector lending arm — said a report from coalition group Stop Financing Factory Farming is ...

The problem for Goldman is that this is not the first time senior staff at the bank have been used as bait for scams. A ...

UK banks want the government to publicly defend their financing of defence companies, saying they have faced a wave of ...

UK chancellor Rachel Reeves praised the “power and strength” of the City of London in keeping Ukraine’s economy functioning during wartime by developing innovative financing and insurance products to ...

The tech sector is set to dominate cross-border deal flow through to 2030, driven by large-scale transactions, 75 per cent of ...

Nearly 20 per cent of all UK consumers and businesses are now using open banking, up from almost 6 per cent in March 2021, with consumer adoption reaching almost the same level as that of small ...

Credit Suisse has agreed to pay $511mn and plead guilty to helping American taxpayers hide more than $4bn from authorities ...

The bank appointed Christopher Horne, the former UK boss of Credit Suisse, as a replacement CEO for Watson at the end of January. “This is a unique opportunity to redefine what a bank can be — ...