Breaking Viewcategory·June 6, 2025 Swiss government puts best spin on UBS $26 bln hit The Federal Council reckons the bank can mitigate the effects of a new capital rule, leaving its equity ratio at a manageable-seeming 15%. An expert report suggests 17%-19%, which would sap returns. Bridging the gap could require offloading more assets –
WASHINGTON — The Senate Banking Committee’s contribution to the “big, beautiful bill” would cut funding for the Consumer Financial Protection Bureau and eliminate the Office of Financial Research — just two of many provisions included in the legislation. The bill would drastically change the funding structure of the CFPB by removing its ability to fund
The United States has levied sanctions against over 30 individuals and entities implicated in an Iranian “shadow banking” network, Reuters reports. The US Treasury Department announced Friday that this network has laundered billions of dollars through the global financial system, serving as a critical financial artery for the Iranian regime. The sanctions target Iranian nationals
UK retail bank NatWest has recently apologised after a wide‑scale mobile banking outage left millions of customers locked out today. Starting just before 9 am on Friday, June 6, the bank’s mobile app—used daily by over 10 million people—suffered a technical failure that prevented logins and balance access. What Happened at NatWest’s IT Outage? NatWest experienced a
Alex Kreger, UX Strategist & Founder of the financial UX design agency UXDA, designs leading banking and fintech products in 39 countries. getty The imminent integration of AI into daily routines promises to dramatically reshape our lives over the next five years, propelled by advancements akin to ChatGPT, Gemini, Grok, etc. This shift is driven
NATWEST banking app is down with customers locked out their accounts. Over 3,000 customers have flagged the issue on Downdetector, a system which monitors power outages. 1 Natwest is down for customersCredit: Alamy The problem appeared to start for customers just before 9am. It comes on Friday, with many customers planning to head out to
I’ve filed many articles about the future of bank branches as an FT journalist. This is the first I have written while actually sitting inside one. I’m not typing this in a hideously long queue; I’m on the free WiFi in a new Santander Work Café, sitting in the shared workspace with a matcha latte,
The Royal Bank of Scotland building is viewed in downtown Stamford on September 9, 2015 in Stamford, Connecticut. SPENCER PLATT / AFP In autumn 2008, during the global banking crisis, the British government was forced to take the unthinkable step: It urgently nationalized two banks, including Royal Bank of Scotland, one of the world’s largest
WASHINGTON — A group representing state legislatures is criticizing the Senate stablecoin bill championed by congressional Republicans, arguing that a provision added to the bill after it passed through the Senate Banking Committee will undermine the rights of states to determine which financial institutions operate there. The National Conference of State Legislatures urged leading lawmakers
In its motion for a summary judgment in a lawsuit challenging the regulation, the CFPB stated it has concluded that the Section 1033 Rule (Rule) exceeds the agency’s statutory authority to create an open banking system by—among other things—requiring that consumer data be shared with third parties. The motion states that “the limited legislative history