Wells Fargo said on Thursday its board plans to appoint chief executive Charlie Scharf as chair and grant him a one-time special equity award worth $30mn.

The amount of short bets against Close Brothers has fallen ahead of a landmark ruling later today that could have billion-pound consequences for banks. A long-awaited Supreme Court decision on hidden ...

Saudi lenders remain the dominant force within the banking industry in the Arab world, accounting for a third of Tier 1 capital for the region. The country now has five lenders in the region’s top 10, ...

Lenders in Saudi Arabia and the UAE are once again the big winners in the The Banker’s Top 100 Arab banks ranking for 2025. The Arab world’s two largest economies between them account for 32 of this ...

If the court upholds the previous Court of Appeal judgment and sides with the claimants, lenders could be liable for billions of pounds in compensation claims, with estimates hitting £44bn, just shy ...

Founded in 2013, Robey Warshaw has played a central role in some of the UK’s most high-profile corporate transactions over the past decade, including AB InBev’s £79bn acquisition of SABMiller, ...

The emerging markets-focused lender, which generates the bulk of its income in Asia and Africa, outpaced a $3.8bn average forecast from 15 analysts compiled by the bank. The result compares with ...

While mortgage loans have tenors of up to 30 years, PBLs are renewed every three years, when the value of assets used as collateral are reassessed. With property values declining by as much as 50 per ...

Such a supervisory sandbox would allow officials to develop leading indicators of qualitative risk, such as those that flow from poor governance and control environments undermined by destructive ...

Banks have increasingly focused on cyber security as the biggest business risk they have faced, but on Monday night a different assault shook Manhattan. A lone gunman killed four ...

HSBC’s quarterly profit fell by 29 per cent year on year to $4.9bn , bringing its total first-half profit to $12.4bn, down $5.2bn from the same period last year. The bank’s biggest losses in the first ...

This is especially vital in economies where over 54 per cent of the workforce is informally employed, 32.5 million people in ...