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Banking news worldwide | Page 7

An overview of news, trends and research in the Banking industry in all countries:

United Kingdom

FCA failing to apply powers for sanctioning misconduct under SMCR Despite being in place for over seven years, only one enforcement action has been taken since the introduction of the Senior Managers and Conduct Regime.
12 June 2023
United Kingdom

Barclays selects Boston Consulting Group for strategy refresh Consultants from Boston Consulting Group have been selected for a new strategic review with Barclays.
05 June 2023
Australia

Delivering hyper-personalisation in banking with new technologies In today’s experience economy, customers have come to expect personalised and tailored experiences from their banks.
23 May 2023
Australia

Tech that's helping banks weather economic headwinds Fifteen years post the global financial crisis, the world of banking is facing major challenges again.
23 May 2023
Saudi Arabia

Saudi Arabia’s banking sector set for further gains Following a boom last year, Saudi Arabia’s banking sector is set for further gains in the coming years, according to a forecast by Boston Consulting Group.
23 May 2023
Europe

Implementing ISO 20022 for cross border payments In March 2023, the ISO 20022 standard adoption for cross-border payments went live for SWIFT and EUR RTGS systems (Target 2 and EBA).
19 May 2023
Bahrain

The NextGen Banking Technology Summit is coming to Bahrain As part of its international tour, the NextGen Banking Technology Summit is coming to Bahrain, with dozens of leaders set to convene in Manama later this month to discuss the latest trends and develo
12 May 2023
China

Chinese investment bank CICC Capital bans use of Capvision Chinese investment bank CICC Capital has banned any internal use of Capvision for any due diligence-related services.
11 May 2023
Switzerland

Swiss government taps Alvarez & Marsal for Credit Suisse rescue The Swiss government has hired consultants from Alvarez & Marsal to facilitate its role in the acquisition of failed Swiss bank Credit Suisse by UBS.
05 May 2023
Australia

RBA brings in PwC to sort out staff underpayment issues Already under fire on a number of fronts for its continuous rate-hike response to runaway inflation, the Reserve Bank of Australia has now admitted to underpaying former staff over the past seven yea
23 April 2023
Switzerland

UBS selects Oliver Wyman to oversee Credit Suisse integration Multinational investment bank UBS has hired Oliver Wyman to guide the integration of Credit Suisse. UBS agreed in mid-March to buy Credit Suisse for 3 billion Swiss francs ($3.35 billion) in stocks.
21 April 2023
Middle East

Deloitte leaders reflect on Financial Crime Symposium in Dubai Senior leaders from the world of financial crime recently attended a symposium by Deloitte, gaining insight into the latest regulatory developments and emerging trends in the scene.
17 April 2023
India

Digital payments sector in India to reach $10 trillion by 2026 India’s sector for digital payments could increase dramatically from $3 trillion in 2022 to $10 trillion in 2026.
13 April 2023
India

State Bank of India launches consultancy RFP for employee surveys The State Bank of India is in the process of engaging a consulting firm to help conduct an employee engagement survey across the bank’s entire operation.
13 April 2023
Europe

Using fintech to digitise value streams in financial services A range of market developments are forcing financial services institutions to rethink their competitive edge in the marketplace.
03 April 2023
Australia

The evolution of the banking customer: How can the banks adapt The landscape around institutional banks and their customers has changed drastically over the past few years.
28 March 2023
United Arab Emirates

UAE’s banking sector books strong performance and is robust in 2023 The UAE banking sector looks back at a strong 2022, with net profits up more than 25% on the year previous.
28 March 2023
United States

KPMG defends clean audits of SVB and Signature Bank KPMG US defended its clean audit opinions of Silicon Valley Bank and Signature Bank, both of which collapsed within two weeks of KPMG signing off on their financials.
17 March 2023
Germany

Commerzbank hires Bain & Company for strategy update German bank Commerzbank has hired global consulting company Bain & Company to update its strategy with an eye to increasing revenue while reducing costs.
09 March 2023
United States

ING Americas CIO Michel Houben on the transformation of the IT department When Michel Houben started as CIO of ING Americas, a year and a half ago, he found an excellent IT organization.
08 March 2023

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