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Keywords: Banking
Kotak Mahindra Bank has announced that its Managing Director and Chief Executive Officer, Ashok Vaswani, will not seek another term when his current mandate concludes at the end of 2026. The decision, attributed to personal reasons, has prompted one of India's largest private-sector lenders to initiate......
Crédit du Maroc continues to strengthen its specialized businesses by announcing the appointment of Mehdi Qalbi as head of CDM Salaf, its subsidiary dedicated to consumer credit. This decision is part of a strategy to enhance its high-value-added activities in a market driven by evolving financial practices......
Federal Reserve overhauls banking supervision structure to boost efficiency and transparency The U.S. Federal Reserve has launched a major reform of its banking supervision framework, approving a comprehensive restructuring plan aimed at improving oversight efficiency, strengthening transparency, and......
Japan is accelerating its efforts to integrate advanced artificial intelligence technologies into the financial sector, as policymakers and major institutions seek to enhance efficiency, strengthen cybersecurity, and support innovation in banking and investment services. Recent discussions between Japanese......
India’s Kotak Mahindra Bank is preparing for a new phase of expansion, with plans to deploy its strong capital base into acquisitions, portfolio purchases, and diversification into non-banking financial activities, according to its chief executive. The lender, one of the country’s leading......
The chief executive of Banca Monte dei Paschi di Siena has said that consolidation in the banking sector can be beneficial, provided it does not undermine competition or reduce access to financial services for different categories of clients. Speaking at a financial industry conference in Milan, CEO......
Swiss authorities have reaffirmed their commitment to stricter capital requirements for UBS, arguing that stronger financial safeguards are essential to preserving the long-term stability of the country’s banking system. The position reflects ongoing efforts by policymakers to strengthen oversight......
The Italian banking group UniCredit has withdrawn its appeal in a legal dispute concerning government-imposed conditions on its attempted takeover of rival lender Banco BPM, according to a court document released at the end of May. The case, which had been examined by Italy’s top administrative......
Ten years after the Brexit referendum reshaped the United Kingdom’s relationship with the European Union, Britain’s financial sector has demonstrated remarkable resilience, even as it continues to face significant structural changes. Before the 2016 vote, many financial institutions warned......