The chief executive of Revolut has said an IPO in the UK is “not rational” and London cannot compete with the US market, in a further blow to the UK’s declining fortunes against the US. Nikolay ...

The potential rollback of the Basel Endgame capital requirements in the US could catalyse a “race to the bottom” in banking regulation, said Michael J. Hsu, acting US Comptroller of the Currency, at ...

Senior bankers have warned that AI development in banking must prioritise customer needs over competitive distractions, emphasising that innovation without value creation risks wasting resources and ...

Citi in May last year abandoned a $7bn sale of Banamex to Grupo México, opting for an IPO after negotiations stalled. Banamex, which serves 20mn clients via 1,300 branches, is expected to list by 2025 ...

The changes were made two years after the conclusion of a review by Sir Keith Skeoch, which highlighted that though the ringfencing regime is worth retaining, its benefit will likely “diminish with ...

The Fos was set up by the UK parliament in 2001, and helps to settle complaints between customers and financial businesses. The service is free to consumers, 1mn of which contact the organisation ...

CS Venkatakrishnan: “The US is a country of great and strong institutions, and it knows it has a very important role to play in the international world order ...