HSBC considering up to 20,000 job cuts in AI overhaul, say reports. HSBC is weighing up a significant reduction in its global ...

The UK’s four biggest lenders could see their net interest income eroded by almost £400mn annually as Revolut’s full UK banking licence triggers a “deposit war”, accordin ...

The United Arab Emirates has dismissed reports it has introduced laws preventing foreign investors from withdrawing their capital and leaving Dubai, calling the claims “fake news”. The Dubai Media ...

Monzo fully reimbursed fewer than a fifth of authorised push payment fraud losses in the months leading up to the introduction of the UK reimbursement regime in 2024, despite its customers ...

Explosions rattled buildings in Dubai and a large cloud of smoke hung over a central area of the financial hub on Friday, AFP correspondents report. Sirens could be heard coming from the direction of ...

International and local banks across the Gulf region have closed branches and told staff to work from home after debris from an Iranian drone hit a building on the outskirts of the Dubai International ...

UAE set to ease tax residency rules as expats flee conflict. Authorities in the United Arab Emirates have signalled they may relax tax residency rules for expats who left followin ...

The Federal Reserve and the Federal Deposit Insurance Corporation are due on Thursday to publish a revised Basel Endgame proposal, setting out their latest plans for bank capital requirements. ...

The construction of nuclear power plants raises complex funding and geopolitical questions for banks. HSBC certainly took on ...

UK banks are contending with a sharp rise in customer accounts being used to facilitate fraud, according to data from industry body Cifas. “Misuse of facility” cases — where account holders move ...

The United Arab Emirates’ central bank has launched a liquidity support package for local banks, with Iranian attacks on local financial and economic targets showing little sign ...

As drone strikes on data centres in the United Arab Emirates continue to cause disruption, experts warn that such attacks represent a new risk to lenders’ operational resiliency. US cloud provider ...