The Federal Deposit Insurance Corp.’s roster of “problem banks” continues to grow. The overall number of those banks — 68 as of the end of the third quarter, up two banks from the second quarter — is at a multiyear high, according to the FDIC’s...
HSBC is reportedly considering scaling back its retail banking operations in Mexico, Malaysia, Indonesia and some other countries. The bank is considering focusing only on wealthier clients in these markets as it looks to cut costs and focus on its core markets, which are the...
The banking industry’s net interest margin increased in the third quarter as the increase in loan yields exceeded the increase in the cost of deposits for the first time since the second quarter of 2023. “As a result, the industry’s net interest margin increased 7...
A global banking watchdog introduced new guidelines covering counterparty credit risk (CCR) management. The regulations issued by the Basel Committee on Banking Supervision replace the committee’s existing regulations from 1999, according to a Wednesday (Dec. 11) press release. “The guidelines provide a supervisory response to...
Non-bank financial institutions like pension funds, insurance companies, hedge funds and money market funds could present risks to financial stability as their role in the financial system grows, Dave Ramsden, deputy governor, markets and banking at the Bank of England, said Monday (Dec. 9). In...
Banks rely on core tech to handle the basics: transactions, deposits, loans and more. But the kicker is that most of these systems were built decades ago. As in 1980, not 2010. Back then, “digital transformation” through the lens of a financial institution (FI) meant...
If banks can’t give their customers the financial services they want or the experiences they expect, those customers will go and look for them elsewhere. In an increasingly digital-first economy, community banks and credit unions, often overshadowed by their larger counterparts, are increasingly turning to...
Deutsche Bank CEO Christian Sewing said Wednesday that German businesses need less regulation, a more competitive corporate tax structure and greater certainty on energy prices. Speaking at a Financial Times (FT) global banking summit in London, Sewing said: “We clearly need certain structural reforms,” the...
British bank NatWest is launching a program to help scale the country’s FinTech startups. The lender’s FinTech Growth Program, announced Wednesday (Dec. 4), is designed to give fledgling companies the resources, networks and expertise of a large bank, with the hope that participants will help bolster NatWest’s innovation...
