banking
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finance.yahoo.comLaurentian Bank of Canada Reports Q2 2026 Results
Laurentian Bank of Canada held its second-quarter earnings call on Friday. The bank reported revenue growth alongside lower net income and outlined progress on two pending transactions.
bbc.co.ukUBS Cuts Hundreds of Jobs During Credit Suisse Integration
UBS is reducing staff levels as part of its ongoing integration of Credit Suisse. The reductions coincide with separate automation initiatives at the bank.
cointelegraph.comBank of Italy Governor Says Finance Sector Open to More Deals
Bank of Italy Governor Fabio Panetta stated that Italy's finance industry has room for additional consolidation. The remarks covered both domestic and regional transactions.
Banks Require Documentation to Protect Social Security Funds From Garnishment
Federal rules shield most Social Security benefits from private creditors, yet banks must identify protected deposits after receiving a garnishment order. Recipients may need to supply direct deposit records, bank statements, or benefit verification letters to confirm eligibility…
ibtimes.co.ukJapan's Three Largest Banks Plan Use of OpenAI Model for Cybersecurity
Japan's three largest banks will deploy a new OpenAI model to detect and respond to cyberattacks. The initiative follows a report by Nikkei citing internal bank planning documents.
pbs.orgEuropean Lenders Sell Record Volume of Long-Call Additional Tier 1 Bonds
European banks have issued Additional Tier 1 bonds with extended call dates at the fastest pace on record. The sales reflect banks' efforts to meet regulatory capital requirements under current market conditions.
nationalpost.comJPMorgan to Hire More AI Specialists, Fewer Traditional Bankers
JPMorgan chief executive Jamie Dimon stated the bank plans to increase hiring of workers with AI expertise while reducing recruitment of conventional bankers as the technology sees wider use.
channelnewsasia.comBank of Singapore Increases Hiring to Target Ultra-High-Net-Worth Clients in Asia
Bank of Singapore is expanding its recruitment efforts as it focuses on attracting ultra-high-net-worth clients across Asia. The Business Times reported the development on Wednesday.
The IndependentMonzo Offers Mobile Plan With Annual Discounts
Monzo is launching a mobile service that reduces monthly bills by 5 percent each year. The plan runs on the Virgin Media O2 network and will be available this summer.
upi.comSouth Korean Banks' Capital Adequacy Ratio Falls in First Quarter
The average capital adequacy ratio of 17 commercial and state-run banks stood at 15.64 percent at the end of March. The figure declined from 15.83 percent recorded three months earlier.
finance.yahoo.comWells Fargo CEO Reports Improved Consumer Spending and Growth in Investment Banking
Wells Fargo CEO Charlie Scharf said consumer spending has improved in recent weeks. He also stated that the bank's investment banking and markets businesses are performing well with expected revenue growth.
CoinDeskUnited Texas Bank Obtains National Charter for AI Payment Services
United Texas Bank has received a national banking charter. The bank plans to use the charter to offer AI-driven payment rails aimed at digital dollar transactions.
New York PostJPMorgan CEO says bank could spend up to $20 billion on acquisition
JPMorgan Chase CEO Jamie Dimon said the bank is open to spending $10 billion to $20 billion on a deal over the next couple of years. The comments mark a shift from the bank's usual preference for organic growth.
ibtimes.comJPMorgan Shares Decline After Executive Remarks on Earnings
JPMorgan shares fell 0.3 percent following comments that current earnings levels may exceed sustainable norms. The remarks were reported by @zerohedge.
finance.yahoo.comCitigroup CEO Jane Fraser Tops Fortune Most Powerful Women List
Jane Fraser, Citigroup CEO since March 2021, ranked first on Fortune's 2026 Most Powerful Women list. The bank reported its highest quarterly revenue in a decade during the first quarter of 2026.
pymnts.comBanca Sella Cleared to Offer Crypto Custody and Transfer Services
Banca Sella has become the first Italian bank authorized to provide crypto custody and transfer services after completing its notification with the Bank of Italy under the EU's MiCA regulation.
CoinDeskSoFi Opens Crypto Stablecoin Access to 15 Million Users
SoFi has begun allowing its 15 million customers to use the bank's own stablecoin. The rollout marks the first time a major U.S. bank has offered direct stablecoin access through its platform.
europeanbusinessreview.comCrypto Firms and Automakers Apply for Bank Charters Under New Policies
Dozens of financial technology companies and the three major U.S. automakers have applied for banking charters. The filings follow administration policies that reduced regulatory barriers to new bank formation.
FortuneCiti Reports Highest Quarterly Revenue in a Decade Under CEO Jane Fraser
Citigroup posted its strongest quarterly revenue in ten years during April, with all five business divisions posting gains. The bank also recorded a 13.1 percent return on tangible common equity, its highest level since 2021.
BloombergBanco Santander Plans Significant Risk Transfer on Global Corporate Loans
Banco Santander SA will issue a significant risk transfer linked to a portfolio of global corporate loans. The Spanish bank is moving to take advantage of current investor demand for these instruments.
sluggerotoole.comCommonwealth Bank of Australia CEO Says AI Will Reduce Jobs Across Economy
Commonwealth Bank of Australia CEO Matt Comyn stated that artificial intelligence will eliminate positions at businesses throughout the economy. The remarks address expected workforce changes linked to AI adoption.
urbanmilwaukee.comMidwest Farm Lenders Report Lower Repayment Rates and Higher Loan Demand
A survey of agricultural lenders in the Midwest found repayment rates declined while new loan requests increased. The data cover the most recent quarter ending before May 2026.
pymnts.comEuropean Central Bank to Urge Banks to Accelerate Cybersecurity Upgrades
The European Central Bank will press lenders to speed up IT security work after testing showed new risks from advanced AI models. The move follows an internal meeting that examined threats posed by systems such as Anthropic’s Claude Mythos Preview.
thegraphicsfairy.comBanks close for Memorial Day while Bitcoin network operates continuously
U.S. banks will remain closed through Tuesday for the Memorial Day holiday. Bitcoin transactions continue without interruption during the same period.
forbes.comHybrid AI Combines Neural Networks With Deterministic Tools for Banking
A Forbes Technology Council post argues that generic AI models are insufficient for banking and finance due to risks of errors in regulatory and mathematical tasks. The author advocates combining neural networks with symbolic logic and exact verification systems.
New York PostJPMorgan Denies Banker’s Sexual Assault Claims and His Account of His Role
JPMorgan Chase filed a court response rejecting allegations made by former employee Chirayu Rana. The bank called the claims false and said it plans to pursue its own claims against him.
The IndependentStandard Chartered CEO Apologizes for 'Lower-Value Human Capital' Remarks
Standard Chartered announced plans to cut about 7,800 back-office jobs by 2030 as it increases use of artificial intelligence. CEO Bill Winters later apologized for describing some roles as lower-value human capital during an investor event.
rte.ieLone Star Funds Explores Sale of German Lender IKB
Buyout firm Lone Star Funds has begun early-stage discussions about selling German lender IKB nearly two decades after its initial investment. The move comes as the firm reviews its long-held stake in the bank.
manilatimes.netLandbank and Philippine Sports Commission Sign Agreement for Minor Athletes' Bank Accounts
Landbank will allow Filipino athletes under 18 to open Visa Debit Card accounts with parent or guardian authorization. The agreement was signed on May 11, 2026, between Landbank President and CEO Lynette V. Ortiz and PSC Chair John Patrick C. Gregorio.
JPMorgan CEO Comments on Bank Executive's AI Remarks
JPMorgan CEO Jamie Dimon addressed remarks by Standard Chartered CEO Bill Winters about AI-related job changes. Dimon described the phrasing as inartful and outlined plans to support affected employees.
The TimesJP Morgan Chief Says Bank Will Hire More AI Specialists and Fewer Bankers
The chief executive of JP Morgan said the bank will recruit more artificial intelligence specialists and fewer dealmakers as automation increases. The comments were made in an interview with Bloomberg.
techcentral.co.zaSouth African Group Expands UK Banking Unit to Target Wealthy Clients
A South African financial group is expanding its UK banking operations to serve high-net-worth individuals. The move is expected to increase competition among banks and fintech companies focused on affluent customers.
benzinga.comMorgan Stanley directs bankers to use separate phones on China trips
Morgan Stanley has instructed some bankers to carry a separate phone when traveling to China. The policy aims to address security concerns during business trips.
Financial TimesJPMorgan Executive Denies Sex Harassment Allegations
A female leveraged finance executive at JPMorgan Chase has denied allegations of sex harassment made against her. She stated the claims were fabricated for personal financial gain.
pymnts.comDeutsche Bank Analysts Discuss AI Capital Deployment in East and West
Deutsche Bank analysts joined a podcast to examine how different regions are investing in and developing artificial intelligence technology. The discussion focused on capital allocation patterns across geographic areas.
The IndependentStandard Chartered Plans to Cut 7,800 Jobs by 2030 While Increasing AI Use
Standard Chartered announced plans to reduce around 7,800 positions as it expands artificial intelligence across operations. The bank aims to raise return on tangible equity above 15 percent by 2028.
crowdfundinsider.comBank of England to Publish Draft Stablecoin Rules Next Month
Bank of England Deputy Governor Sarah Breeden said the central bank will release draft rules for stablecoins next month and finalize them by year-end. The move supports a multi-money retail payment system that includes tokenized deposits, stablecoins, and a retail central bank di…
crowdfundinsider.comEuropean Bank Consortium Adds 25 Lenders to Euro Stablecoin Project
A group of European banks developing a euro-denominated stablecoin has expanded its membership by 25 additional lenders. The project aims to create a digital currency backed by euros for use in financial transactions.
wallstreetpit.comRegulators Caution Banks on AI Workforce Reductions
Bank executives have highlighted potential workforce reductions through artificial intelligence. Regulators have issued warnings against over-reliance on the technology.
jpost.comRussian Ex-Banker Nears Trial in Baltic Region's Largest Fraud Case
A Russian former banker faces trial in what authorities describe as the largest fraud case in Baltic history. The case involves allegations of financial misconduct tied to banking operations in the region.
ftfnews.comStandard Chartered to Reduce 7,500 Support Roles by 2030
Standard Chartered plans to cut about 7,500 support positions by 2030 while expanding its use of artificial intelligence. The bank said the reductions are part of a shift toward greater investment in technology.
bbc.co.ukNS&I to Contact 34,000 Estates Over Bereavement Claim Errors
National Savings and Investments will begin reaching out to families affected by errors in processing deceased customers' accounts. The bank said payments totaling £476 million will be made over the coming months.
theweek.comNS&I to Contact Families Owed £367 Million in Bereavement Claims
National Savings and Investments will begin contacting thousands of families next week to repay £367 million in withheld savings. The state-backed bank revised its earlier estimate and said payments will be adjusted for interest or the Bank of England base rate plus one percent.
CD Accounts Maturing in June Require Action Before Maturity Date
Certificate of deposit accounts scheduled to mature in June offer savers a short window to decide next steps. Banks typically provide a two-week grace period before automatic renewal at new rates. Planning ahead can help maintain access to competitive interest rates.
livemint.comBank declines to issue final statement for deceased customer's account
A reader reports a $2,000 shortfall in a late mother's bank account and asks whether the bank can legally withhold the final statement. The question concerns standard procedures for settling a deceased customer's account.
rte.ieStandard Chartered Plans to Cut 7,800 Corporate Jobs by 2030
Standard Chartered announced plans to reduce its corporate workforce by more than 15 percent by 2030 while increasing investment in automation and artificial intelligence. The bank also raised its long-term profitability targets.
MarketWatchBank Cuts Back Office Jobs by 15 Percent
A bank announced plans to reduce its back office workforce by 15 percent. The cuts target roles described as lower value human capital. Officials cited automation and AI adoption as factors behind the decision.
info.gov.hkJPMorgan Chase CEO Meets With New York City Mayor Over Tax Proposal
JPMorgan Chase CEO Jamie Dimon met with the New York City mayor to discuss the mayor's proposed tax increase on high earners. The meeting occurred as the mayor works to address public reaction to the plan.
crowdfundinsider.comCommonwealth Bank of Australia Faces Outlook Pressure From Credit Growth and Tax Proposals
Commonwealth Bank of Australia is facing pressure on its outlook as credit growth slows and proposed property tax changes are introduced. Analysts have flagged the possibility of a downgrade cycle for the nation's largest lender.
nextbigwhat.comCiti and BlackRock Form EUR15 Billion Partnership for Private European Lending
Citi and BlackRock have agreed to a EUR15 billion partnership focused on private lending in Europe. The arrangement will channel capital into corporate and infrastructure financing across the region.
cnbc.comJPMorgan Releases 2026 Summer Reading List with 14 Titles
JPMorgan compiled its annual summer reading list from suggestions by client advisors worldwide. The 2026 edition contains 14 books focused on artificial intelligence, leadership, and other topics.
cointelegraph.comIntesa Sanpaolo Increases Crypto ETF Holdings to $235 Million in First Quarter
Italy's largest bank reported that its crypto ETF portfolio reached $235 million at the end of March. The bank added exposure to XRP and ETH while expanding existing positions in two Bitcoin funds.
CoinDeskStandard Chartered to Acquire Remaining Stake in Zodia Custody
Standard Chartered will buy the shares of its cryptocurrency custodian subsidiary that it does not already own. The bank's non-binding offer was accepted by the firm's other shareholders and noteholders.
MarketWatchDeutsche Bank Advises Investors to Buy Protection as Earnings Momentum Fades
Deutsche Bank says the positive effects of the U.S. earnings season are ending after Nvidia reports results. Investors are expected to shift focus toward developments in the Middle East.
ftfnews.comStandard Chartered Names Manus Costello Group CFO
Standard Chartered has appointed Manus Costello as group chief financial officer and executive director on the board, effective immediately. Costello will also serve as interim group chief financial officer during the transition.
benzinga.comDeutsche Bank Kept Epstein Accounts Open Months After Announced Closure
Internal documents show Deutsche Bank maintained more than 40 accounts for Jeffrey Epstein and his entities well into 2019. The bank had stated it ended the relationship in December 2018.
crowdfundinsider.comRevolut Introduces £1000 Incentive for Staff to Acquire New Business
Revolut CEO Nik Storonsky is offering employees across the digital bank £1000 ($1,334) as the company sets winning more new business as its highest priority. The incentive aims to boost the digital lender’s growth, valuation and revenue. @business reported the move.
BloombergErebor Bank, Backed by Peter Thiel, Proposes Restoring Venezuelan Banks' Access to U.S. Financial System
Erebor Bank, a startup backed by Peter Thiel, has approached top Venezuelan officials with a proposal to restore the sanctioned country's access to the U.S. financial system. The pitch marks an attempt by a fintech venture to navigate long-standing sanctions on Venezuela.
foxnews.comGreat Southern Bancorp Director William Turner Resigns From Board
Great Southern Bancorp Inc. reported the resignation of director William Turner effective May 13 2026 under Item 5.02 of Form 8-K. The departure reduces the company's board by one seat and triggers standard SEC and exchange reporting obligations for the publicly traded bank holdi…
manilatimes.netOhio Valley Banc Corp Elects New Director and Amends Bylaws
Ohio Valley Banc Corp reported the election of a new board member and amendments to its governing documents following its annual shareholder meeting. The changes alter board composition and corporate procedures effective immediately and set new deadlines for related regulatory fi…