Policy commitments not effectively translated into concrete actions
The lifting of the UK bankers’ bonus cap risks worsening the gender pay gap
A rise in investment and imposter scams has been aided by AI tools, says FTC
VCs are shying away from south-east Asia, with interest dropping by 51 per cent from 2020 to 2023, says a new survey
New research predicts growth of only up to 2 per cent until 2025
European peers are outperforming the UK in bringing gender parity among senior roles
The PRA intends to publish a second policy statement with specifications on a number of requirements in Q2 2024
Interest rates and inflation combined with geopolitical tension to sabotage investor confidence
Smaller and mid-sized banks are increasingly concerned about liquidity risk, says a recent IIF survey
Despite a drop in the number of deals, a marked rise in median deal value led to an overall boost for the sector
Credit to China remained substantially lower at end-September 2023 compared to mid-2021
But despite the global downturn, there were some notable bright spots
In the first quarter of 2024, banks expect a small net increase in demand for loans to firms — for the first time since the second quarter of 2022
Facebook Marketplace scams currently account for 73% of all purchase fraud cases at the bank.
As laid bare by stress test results, relevant credit growth in China is unlikely as it could further undermine banks’ loss absorption capacity.
The growth of credit in Turkey has suffered in the past few years, though it showed more dynamism last year.
Banks in the country will lose the ability to generate sufficient levels of capital.
Slower economic growth will weigh on loan growth, and banks worldwide have announced significant job cuts.
The country’s financial institutions are working on consolidating the role of cash and the requirements for access to it with a law that would take effect in January 2025.
Polish and Czech banks dominate the top 10 based on Tier 1 capital, with Hungary’s OTP Bank pipping PKO Bank Polski to first spot this year.
The country’s slow growth and investment outlook will reduce demand for mortgages, a key growth driver for its retail banks.
Being put on the FATF greylist means domestic lenders may struggle to maintain correspondent banking relationships and access external finance.
Banks have not made substantial improvements since the FCA’s remarks in July.
Banks in the region are raising less debt amid uncertainties about interest rates and the growth outlook.
In 2022, banks’ performance in Latin America and the Caribbean had a boost from rising interest rates and economic growth.
The strong dollar has dampened the growth of Islamic banking services in Asia-Pacific, while Saudi Arabia continues to see large expansion.