UK fintech company Revolut has openly acknowledged the risk of reputational damage stemming from its support of energy-intensive industries, including cryptocurrency and artificial intelligence, as the company announced a 57% …
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Finance
The Bank of England left interest rates unchanged at 3.75% on Thursday but put financial markets on notice that increases could follow if the war in the Middle East continues …
A “perfect storm” of geopolitical conflict and supply chain disruption has driven Japanese gas prices to their highest level in history. According to the Oil Information Center, the average price …
While Canadian interest rates are set to remain at 2.25 per cent this week, the rhetoric from the Bank of Canada is expected to sharpen. The ongoing war in the …
An internal software error at Lloyds Banking Group has reignited the debate over the reliability of traditional banking technology. The glitch, which cross-linked user sessions, allowed customers to view third-party …
HSBC has posted annual pre-tax profits of $29.9bn, outperforming market expectations despite significant write-downs in its Chinese operations. The bank’s performance has paved the way for a $3.9bn bonus pool, …
Major U.S. banks are weighing a rare legal strike against the Office of the Comptroller of the Currency over its pro-crypto stance. Representing forty of the nation’s largest lenders, the …
America’s central banking system confronts an extraordinary challenge this week as it deliberates over interest rates while operating with significantly reduced economic intelligence. The Federal Reserve’s December meeting comes at …
Andrew Bailey, the Governor of the Bank of England, found himself defending a controversial decision this week as he announced the first reduction in bank capital rules since the 2008 …
London’s financial district is set for a dramatic addition as JP Morgan unveiled plans for a £3 billion headquarters tower, while Goldman Sachs announced major Birmingham expansion, both occurring hours …
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