Rising operating costs for retail lenders are set to result in net interest margin declines of between 5 to 10 per cent by 2026, McKinsey has warned, with rising wage growth, increased financial crime ...
Bitcoin Suisse, the Swiss crypto-financial services provider for high-net-worth individuals and institutional investors, has had a busy 2024. It celebrated its 11th anniversary and changed its senior ...
Starling’s growth in particular was substantial — its revenue rose from £13,000 in 2016 to £453mn in 2023, according to the FCA, with customer numbers rising from 43,000 in 2017 to 3.6mn six years ...
HSBC chief executive Georges Elhedery is planning significant cost-cutting measures that could save up to $300mn by reducing the bank’s top management layers, the Financial Times reported on Thursday.
Singaporean financial services providers are “falling short” of their responsibilities to mitigate money-laundering risks and must update their systems to avoid fines and cancellations of their ...