Canada’s TD Bank said on Tuesday that it will sell its entire 10.1 per cent stake in broker Charles Schwab for $14.6bn, as part of a strategic review following a landmark US fine last year for failing ...

The Trump administration has effectively shut down the US Consumer Financial Protection Bureau, ordering the regulator to stop nearly all its core operations.

The returns on equity at Angolan banks — at between 20 per cent and 30 per cent — exceed those of many African peers, Lopes says. This rests on heavy investment in government securities. Angolan banks ...

He says the potential for growth in Asia makes restructuring east a “logical” move, adding that the shift would have also been heavily influenced by Ping An Bank, a key shareholder in HSBC, which has ...

The bank’s strong results reflect the impact of chief executive Slawomir Krupa’s strategic plan to simplify its businesses, which was introduced in September 2023 and started to yield positive ...

It is clear Rachel Reeves is not a fan of regulation, or at least not of overregulation. During a speech in Oxfordshire last week, the UK chancellor told a room full of journalists and chief ...

As US President Donald Trump’s shifting stance on tariffs threatens to create one of the biggest disruptions to global commerce in decades, experts say banks are finding unexpected opportunities from ...

Nikhil Rathi, chief executive of the Financial Conduct Authority, is consulting on rethinking some of the “strictures laid out in legislation” to remove the certification of junior staff from the ...

Full-year profit hit a record €12.57bn for the third straight year, driven by strong growth in Santander’s retail operations in Spain and Brazil, which contributed to an 8 per cent rise in revenues.

The rules, finalised in 2023 by former Securities and Exchange Commission chair Gary Gensler, are due to come into force on December 31 2025 for cash clearances and June 30 2026 for repo clearing.