UK Considers Extending Bank Closure Rules to Business, Reports Telegraph
UK government considers extending bank branch closure rules to protect business customers, potentially slowing the pace of high street banking closures.…
Reports
Swiss National Bank Reports $15 Billion Loss in Second Quarter
The Swiss National Bank reports a 5 billion loss in Q2 2023, driven by currency losses and declining bond valuations amid global monetary tightening.…
Fraud, Risk and Machine Learning: The Next Battleground
Fraud detection and risk management are being transformed by machine learning. Where banks are gaining ground against financial crime - and where criminals are adapting faster.…
Goldman Sachs Reports 58% Drop in Profits Amid Dealmaking Downturn
Goldman Sachs reports a 58% drop in quarterly profits as dealmaking activity slumps and the consumer lending retreat continues to weigh on results.…
BofA Reports Surging Profit Driven by Interest Income and Investment Banking Gain
Bank of America reports surging profits driven by higher interest income and investment banking gains, outperforming expectations in Q2 2023.…
Bank of America Reports Earnings Season Starts with Strong Performance
US earnings season opens with strong bank performance as major institutions benefit from higher rates and resilient consumer spending.…
Wells Fargo Reports 57% Profit Increase, Boosts Outlook for Interest Income
Wells Fargo reports a 57% profit increase and raises its outlook for interest income as higher rates boost the bottom line across consumer and commercial lending.…
Hyperautomation in Financial Services: Moving Beyond RPA
Hyperautomation is pushing financial services beyond RPA into intelligent, end-to-end process automation. What is working, what is hype, and where the real gains are.…
Data as Infrastructure: Building the Foundations for AI-Driven Banking
Data infrastructure is the foundation for AI-driven banking - but most institutions are still building on shaky ground. What it takes to get the data layer right.…
The AI Reality Check: Where Banks Are Actually Creating Value
Where banks are actually creating value with AI - and where initiatives are failing, stalling, or delivering far less than promised.…
Reports Suggest Government Considering 20% Increase in Bank Capital Requirements
US government reportedly considers imposing a 20% increase in capital requirements on major banks, a move that could reshape lending capacity and profitability.…
U.S. Regulators Set to Impose 20% Hike in Capital Requirements on Major Banks, Reports WSJ
US regulators prepare to impose a significant capital requirement hike on major banks, with implications for lending, dividends, and strategic planning.…