Customer concentration is the biggest risk to China’s banks, according to S&P Global Ratings, with city and rural banks particularly vulnerable to defaults among their biggest borrowers. The People’s ...

The City watchdog and UK finance industry are in talks to change rules that render the removal of the £100 contactless card limit across the UK in effect redundant in the near term.  The Financial ...

JPMorgan is testing a system to compare junior bankers’ self-reported hours with data from internal IT systems, in a bid to ...

The European Commission is making its third attempt in just over a decade to build a capital markets union, hoping to channel ...

As Iranian strikes on Gulf energy and finance targets enter their fourth week, attention is shifting to how a protracted conflict may impact remittance flows from the region. Expa ...

Administrators obtained a worldwide freezing order against MFS founder Paresh Raja following allegations of a £1.3bn Ponzi scheme © Betty Laura Zapata/Bloomberg The writer is a partner at Quillon Law ...

Central banks have held interest rates as concerns rise about the impact of the war in the Middle East on global inflation rates. The US Federal Reserve, Bank of Japan, Bank of England, Bank of Canada ...

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”.

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

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 ...

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 ...