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US central bank says there has been a ‘lack of further progress’ towards 2% inflation goal
Plus, the mining boss known as ‘Meticulous Mike’ and satellite companies in long-anticipated merger
Chair Mark Tucker secured a third chance to choose the chief executive of Europe’s largest bank
Bank lifer says he needs ‘rest’ but insiders say the timing was partly dictated by chair Mark Tucker
Prospects of a quick pay-off from the country look increasingly remote
UK-based lender to sell business to Grupo Financiero Galicia for $550mn as it exits market racked with hyperinflation
Data to MPs from 8 lenders show concerns over financial crime and risk appetite among reasons for business account closures
Shares close down 8.4% as UK-based lender takes several charges in ‘messy’ final quarter of 2023
Shares close down 8.4% as lender takes several charges in ‘messy’ final quarter of 2023
Weakness in the region makes hefty payouts increasingly difficult to justify
Santander and HSBC worked on Petroperú bond issuance despite its record of Amazon oil spills
Bank will start disclosing emissions linked to capital raises for oil and gas groups as well as lending
Penalty is second-largest imposed by Prudential Regulation Authority
Moves follow similar action by HSBC and Halifax
Rising interest rates make offering transfers for free more attractive
Global bank seeks to take on popular fintechs with its multi-currency service
But HSBC boss Noel Quinn warns against ‘unleashing inappropriate amounts of risk-taking’
Firm declared position in filing to Financial Conduct Authority but subsequently blamed a technical error
Assets in Europe-domiciled passively managed funds grew threefold to €2.8tn between June 2014 and June 2023
Crisis-hit sector had ‘deep’ correction but can now recover, says Noel Quinn
Deal between the two lenders is a small one but the timing is good
Sherard Cowper-Coles said Britain had been ‘weak’ in response to US pressure
Sherard Cowper-Coles said at a private event the UK had given in to the US too easily
Companies analysis from our sister publication
Chief’s aggressive approach helps the bank over-deliver
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