Chicago-based Alliant Credit Union has selected Jamie Warder as its chief information officer and head of business strategy, effective July 8. In his new role, Warder is responsible for the technology and business strategy at the $20 billion credit union,...
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.For centuries, UK private banks have managed the finances of the country’s richest and most powerful people. Account holders enjoy many perks...
Gabor Pinter, Emil Siriwardane and Danny Walker In September 2022 the interest rate on UK gilts rose by over 100 basis points in four days. These unprecedent market movements are generally attributed to two key factors: the 23 September announcement...
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.NatWest said it would be more profitable than previously expected this year, after second-quarter results were boosted by growth in the UK...
BNP Paribas is investing in AI, cloud infrastructure and cyber security as part of its modernization efforts. “The second quarter marked the continuation of our ambitious but disciplined development within AI,” Chief Financial Officer Lars Machenil said during the bank’s...
Revolut Ltd. said it received a British banking license from regulators, a move that allows the fintech firm to better challenge traditional banking giants such as Barclays Plc and HSBC Holdings Plc. The Prudential Regulation Authority authorized the permit, though it comes...
Stay informed with free updatesSimply sign up to the UK banks myFT Digest -- delivered directly to your inbox.HSBC has been reprimanded by the UK competition watchdog for a second time over failings in relation to overdraft fees, as the...
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Revolut said it had secured a UK banking licence, ending a more than three-year long tussle with regulators and delivering a boost...
During the second quarter, Capital One continued to plan for its acquisition of Discover Financial Services as it awaits approval from the Federal Reserve. “Our applications for regulatory approval are in process and we’re fully mobilized to plan and...
Deutsche Bank and Santander Bank are deploying tech to simplify operations and cut costs, according to their earnings reports. Santander reported today that it saved 77 million euros ($83.6 million) in the second quarter through its global operations by deploying...
