by Our Correspondent in Colombo Serious allegations have emerged in Sri Lanka against Hatton National Bank (HNB), a prominent private sector bank, with multiple customers claiming that the institution has been quietly
The dramatic collapse of UK mortgage provider Market Financial Solutions has escalated into an international legal battle, with courts imposing a worldwide freezing order on its owner Paresh Raja amid mounting allegations
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Senior bankers across China’s vast financial system are facing steep reductions in their bonuses as authorities deepen a sweeping overhaul of compensation practices, marking another phase in Beijing’s effort to reshape the
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Deutsche Bank has disclosed a €26 billion exposure to private credit, highlighting growing concerns about an asset class facing investor withdrawals, scrutiny of lending standards, and uncertainty linked to technological disruption in
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The Manhattan skyline has a new colossus. Towering 423 meters, with a warm, sun-kissed bronze façade and a footprint spanning 232,000 square meters, 270 Park Avenue, the headquarters of investment bank JP
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Financial data provider FactSet has attracted takeover interest from major private equity firms after a steep drop in its share price triggered by fears of artificial intelligence disrupting the information services industry.
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Denmark is famous for bacon, children’s toys, and a beer proudly marketed as “probably the best in the world.” But behind the culinary and cultural accolades lies another distinction: the Scandinavian kingdom
More Internal communications and documents reviewed by Financial Times reveal how Germany’s largest bank maintained a lucrative relationship with Jeffrey Epstein for years, even as compliance officers raised repeated red flags about suspicious
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Banking employees at HSBC Holdings are set to share a bonus pool exceeding $3.9 billion, the lender’s largest payout in more than a decade, after annual profits surpassed analyst expectations despite an
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PwC is embroiled in a legal clash with a consultancy founded by one of its former executives, amid allegations that staff and clients are being recruited in breach of non-compete agreements. According
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Jamie Dimon, chief executive of JPMorgan Chase, has warned that some lenders are doing “dumb things,” creating conditions reminiscent of the prelude to the 2008 financial crisis. Speaking to investors, Dimon said
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