New co-presidents reignite JPMorgan succession rumours
Petno and Rohrbaugh, who have jointly run the bank’s Commercial & Investment Bank (CIB) since early 2024, will now each lead a division outright...
Category : Banking
Strong UBS capital rules required for Switzerland’s financial stability, says minister
Karin Keller-Sutter's remarks come amid an ongoing standoff between the Swiss government and UBS over capital requirements...
Standard Chartered may sell Bahrain wealth and retail unit, to focus on markets with ‘greater scale’
The bank said the strategic review will not affect its Corporate and Investment Banking (CIB) business, which will continue to operate in the Gulf country...
HSBC partners with Google Cloud, announces detailed AI strategy
As per the HSBC, the partnership will focus on areas such as advice for wealth management clients and financial crime risk management...
European banks advocate rule simplification as investment gap rises to 1.4 trillion euro
As per the European Banking Federation, the widening investment gap reflects rising funding needs in areas such as energy, defense and digitalization...
UniCredit increases Commerzbank stake to 34%, launches new takeover bid
Commerzbank, in May 2026, formally rejected a takeover offer by its Italian counterpart, digging in its heels in its months-long resistance...
BNP Paribas-Mistral partnership to focus on AI defences
Mistral engineers and data scientists have been embedded within BNP teams to co-develop and scale various AI-powered projects...
Jamie Dimon gives sneak peek into JPMorgan’s future workforce
As per Jamie Dimon, JP Morgan would look for options like retraining staff, redeploying workers or offering early retirement instead of making large layoffs...
Standard Chartered promotes Manus Costello as permanent CFO
Costello, apart from being the Standard Chartered's permanent CFO, will also join the company's board as an executive director...
EXIM Thailand empowers communities through sustainable finance
EXIM Thailand has been the key force in driving Thailand's economic, social, and community development across all sectors...