Parliament’s environmental watchdog has sent a clear message: banks and insurers cannot ignore the growing risks posed by climate change. Simon Upton, the Parliamentary Commissioner for the Environment, told MPs...
Category: Finance
Switzerland’s Financial Sheriff Shakes Up Banking Giants
Stefan Walter’s tenure at Switzerland’s top financial watchdog is turning heads — and raising eyebrows — among the country’s banking elite. A Year of Unsettling the Status Quo It’s been...
Wealthy Americans Shift Fortunes to Swiss Banks Amid Trump Uncertainty
Wealthy Americans are increasingly moving their money to Swiss banks, seeking financial stability as political uncertainty grows around a potential Trump presidency. A Surge in Swiss Bank Interest Private bankers...
FDIC Highlights Stability Amid CRE Challenges in Latest Banking Report
The Federal Deposit Insurance Corporation (FDIC) released its Q3 Quarterly Banking Profile, showcasing the current state of the banking sector amidst ongoing challenges in the commercial real estate (CRE) market....
Biden Administration Sets New Overdraft Fee Limits, Sparks Banking Sector Frustration
The Consumer Financial Protection Bureau (CFPB) has unveiled a groundbreaking rule set to limit overdraft fees imposed by banks, effective October 1, 2025. This move aims to curb the substantial...
Indian Banks and NBFCs Take Bold Steps to Integrate Climate Risk into Portfolios
As climate change continues to reshape global economies, Indian financial institutions are increasingly recognizing the imperative to integrate climate risk into their investment and lending portfolios. Over the past year,...
100th Banking Hub Opens to Ensure Cash Accessibility for Local Communities
As local bank branches continue to close across the country, the introduction of banking hubs has become a lifeline for many communities. The unveiling of the 100th banking hub marks...
3 Undervalued Tech Stocks to Buy Before the Year Ends
At a time when the technology sector is booming, discerning investors are on the lookout for hidden gems poised for substantial growth. As the year draws to a close, three...
BNZ’s Break with Gloriavale: Banking Rift Highlights Moral and Legal Tensions
They’re parting ways after decades. BNZ, a major New Zealand bank, no longer wants Gloriavale on its client list. This move, confirmed by a Court of Appeal ruling, means Gloriavale’s...
Fresh Moves in Digital Banking: Profits Rise as New Approaches Emerge
They’re rewriting the script. Digital banks, once chasing growth at any cost, seem to be changing their tune. Suddenly, profit matters as much as novelty, and that shift is rattling...