US Democratic senator Elizabeth Warren has called on Acting Comptroller of the Currency, Michael Hsu, to impose growth restrictions on Citigroup due to the bank’s ongoing regulatory issues.

Climate change is perceived as less of a major risk by UK banks, according to the Bank of England’s latest systemic risk survey, with geopolitical and cyber concerns higher on lenders’ worry lists.

Tim Skeet, a career banker in the City, has previously worked at Dresdner and Merrill Lynch, where he was a colleague of Andrea Orcel As the English expression goes, the cat has just been thrown ...

Revolut has said Meta’s action on tackling fraud has fallen “woefully short” of requirements and has called on Facebook’s owner to contribute to the reimbursement of victims defrauded on its sites.

The Moscow Region Arbitration Court on Wednesday said that the action was initiated by Russia’s deputy prosecutor in connection with the Ukrainian central bank’s withdrawal of the licence of MR bank, ...

Banks across the globe are facing significant challenges in the adoption of Swift’s ISO 20022 standard. The new transaction format requires an overhaul of many major banks’ legacy systems, functioning ...

UK banks will be given new powers to delay payments suspected to be fraudulent, as the government tackles the millions lost to scammers every year. New laws proposed by the government will extend the ...

The City watchdog said today that the UK bank had “shockingly lax” financial sanction screening controls, and did not comply with an agreement it had made with the FCA not to open new accounts for ...

Meta’s move follows a pilot with NatWest and Metro Bank, which the company claims helped it close 20,000 accounts after banks shared links of malicious websites where fraudulent transactions took ...

Despite the introduction of new caps on banks’ maximum reimbursement to fraud victims, the study, which compiled data from 28,000 customers from 15 countries between 2021 and 2023, found that UK ...

European Central Bank president Christine Lagarde has said that cross-border bank mergers in Europe are “desirable” to strengthen competition against US and Chinese rivals. Her remarks come as Italy’s ...