Administrators obtained a worldwide freezing order against MFS founder Paresh Raja following allegations of a £1.3bn Ponzi scheme © Betty Laura Zapata/Bloomberg The writer is a partner at Quillon Law ...

HSBC considering up to 20,000 job cuts in AI overhaul, say reports. HSBC is weighing up a significant reduction in its global ...

Explosions rattled buildings in Dubai and a large cloud of smoke hung over a central area of the financial hub on Friday, AFP correspondents report. Sirens could be heard coming from the direction of ...

Central banks have held interest rates as concerns rise about the impact of the war in the Middle East on global inflation rates. The US Federal Reserve, Bank of Japan, Bank of England, Bank of Canada ...

The United Arab Emirates has dismissed reports it has introduced laws preventing foreign investors from withdrawing their capital and leaving Dubai, calling the claims “fake news”.

International and local banks across the Gulf region have closed branches and told staff to work from home after debris from an Iranian drone hit a building on the outskirts of the Dubai International ...

The UK’s four biggest lenders could see their net interest income eroded by almost £400mn annually as Revolut’s full UK banking licence triggers a “deposit war”, accordin ...

The construction of nuclear power plants raises complex funding and geopolitical questions for banks. HSBC certainly took on ...

UK banks are contending with a sharp rise in customer accounts being used to facilitate fraud, according to data from industry body Cifas. “Misuse of facility” cases — where account holders move ...

Monzo fully reimbursed fewer than a fifth of authorised push payment fraud losses in the months leading up to the introduction of the UK reimbursement regime in 2024, despite its customers ...

BNP Paribas steps up Europe private credit push despite US market strains. BNP Paribas is stepping up its push into private ...

The United Arab Emirates’ central bank has launched a liquidity support package for local banks, with Iranian attacks on local financial and economic targets showing little sign ...