Bloomberg Banks that spent years lobbying against billions of dollars of new capital requirements are being rewarded for their efforts. They won concessions from global regulators that may cut the amount of extra capital the industry’s biggest companies will need in 2022, when the new market-risk rules are due to take effect. The proposed revisions will come as a relief ...

Bloomberg For Australian banks the jabs just keep coming — and not always from the most expected sources. Australia & New Zealand Banking Group Ltd. (ANZ Bank) is facing a civil suit in Guam over lending standards at its American Samoa offshoot. Two retired US military veterans claim the Melbourne-based bank is liable for “systematic violations of the Truth in ...

Bloomberg Developments in fintech could boost the UK’s sluggish productivity growth and the Bank of England has started a unit to monitor its developments, Deputy Governor Dave Ramsden said. “We have set up a new Fintech Hub that will sit at the heart of the bank, to consider both how the bank understands and how it applies fintech, relevant to ...