2+ day, 23+ hour ago   (100+ words) The IMF dropped its preferred candidate for chief economist shortly before his appointment after concerns emerged over his criticism of US President Donald Trump’s trade policies. Ricardo Reis, an economics professor at the London School of Economics, had been expected…...

5+ day, 21+ hour ago   (110+ words) The bank was reporting a liquidity coverage ratio of around 160 per cent, but was in fact substantially lower ING told Apra in July that it had identified errors in the calculation of its liquidity position stretching back several years. Treasury…...

6+ day, 1+ hour ago   (104+ words) Weighing digital and physical channels has long been the question for many banks, as traditional lenders and neobanks alike rethink their touchpoints on and off app. “Sometimes you may see the channels as conflicting, but... it’s more an amplifier than…...

6+ day, 45+ min ago   (123+ words) Morgan Stanley and Goldman Sachs are set to secure leading roles in Anthropic’s planned initial public offering, which could value the AI group at more than $2tn, according to reporting by the FT. Morgan Stanley is the frontrunner for the coveted…...

1+ week, 3+ day ago   (115+ words) Foreign acquisitions of UK companies nearly doubled in value in the second quarter of the year as concerns continue to grow over the impact on the stock market. The value of inward mergers and acquisitions — foreign companies taking over UK…...

1+ week, 4+ day ago   (119+ words) Investors in Australia’s Judo Bank had an outsized reaction to a reduced profit forecast caused by bad loans earlier this year, according to the bank’s CEO, who blamed the share price fall on bot trading. Judo Bank, a digital bank…...

1+ week, 4+ day ago   (126+ words) African mobile telco MTN’s push to acquire banking licences underscores the ongoing growth potential of mobile banking on the continent, analysts say, with SME lending set to drive revenue growth for both telecoms providers and fintechs in the coming years....

1+ week, 4+ day ago   (149+ words) British financial services firms are said to be bracing for “unintended consequences” of the Financial Conduct Authority’s new rules designed to curb bullying, harassment and violence in an industry beleaguered by scandals and a reputation for sexism. The FCA’s new…...

1+ week, 5+ day ago   (111+ words) Bank of England governor Andrew Bailey has warned that a sharp fall in AI company valuations could trigger a global economic downturn by exposing vulnerabilities across financial markets. In a letter to G20 finance ministers on Monday, Bailey said markets remained…...