Close Brothers is to axe 600 jobs by the end of next year as the bank grapples with the fallout from the UK car loan scandal. In an update to the stock exchange on Tuesday morning, the company ...

This raises a bigger question: can regulators curb fraud in a system designed for speed, and what solutions exist to tackle ...

CEO Andrea Orcel says UniCredit is free to launch a fresh takeover offer — if the bank chooses to do so © Jose Sarmento Matos ...

Shares in Close Brothers dropped more than 12 per cent on Monday after short seller Viceroy Research said the bank had misrepresented the compensation it may have to pay for mis-sold car loans under ...

Explosions rattled buildings in Dubai and a large cloud of smoke hung over a central area of the financial hub on Friday, AFP correspondents report. Sirens could be heard coming from the direction of ...

International and local banks across the Gulf region have closed branches and told staff to work from home after debris from an Iranian drone hit a building on the outskirts of the Dubai International ...

The meeting, established by HM Treasury and the PBoC as a follow-up to the UK-China Economic and Financial Dialogue, covered macroeconomic developments, financial supervision, regulatory co-operation, ...

The temporary lifting of sanctions against Russian oil by the US could create a two-tier system where the EU, UK and US are not aligned on sanctions, sowing confusion for banks an ...

JPMorgan and private capital firm Partners Group have cancelled investor events in the United Arab Emirates as the ongoing ...

Some 20 companies are said to have been earmarked for listing on the local stock exchange, with the remaining 40 to be transferred to the Sovereign Fund of Egypt in preparation for privatisation. The ...

KBC is to offer crypto trading following what it says is growing interest in digital assets among its clients, after last month moving to enable private investors in Belgium to bu ...

Deputy Governor Sarah Breeden told the House of Lords financial services regulation committee on Wednesday that the BoE is ...