The British Treasury is considering phasing out 1p and 2p coins as people are shifting from cash to contactless and card payments.
Canada will follow Thailand today in unveiling new banknotes, after the Southeast Asian nation announced that King Maha Vajiralongkorn will be replacing his late father King Bhumibol Adulyadej on all future Thai Baht currency.
Norway’s sovereign wealth fund, the world’s largest, made its biggest gains on record in 2017, with returns equivalent to $131 billion.
London-based bank Standard Chartered has reported its profits climbed in 2017, allowing the bank to restart dividends at 11 cents per share, after shareholders saw no returns in 2016.
There are few individual people the market listens to as closely as it does to Warren Buffett.
Chinese insurance regulators have seized the Anbang Insurance Group in a sign that Beijing is cracking down on financial risk to rein in the country’s spiralling debt.
Royal Bank of Scotland (RBS) — which was bailed out during the 2008 financial crisis and is still 71% owned by the British taxpayer — has made an annual profit for the first time in ten years.
Chinese tech giant Tencent’s social media platform WeChat has boasted a record high number of digital red envelopes containing gifts of money — known as hongbao — were sent over the Lunar New Year holiday.
Metro Bank — the first new bank in the UK to get a banking licence in 150 years when it launched in 2010 — has reported its first ever annual profit.
With the bitcoin price climbing and falling faster than team Verdict can keep up, it’s too soon to say whether blockchain technology is the future of currency.
While Stuart Gulliver’s final set of results at HSBC might not be quite what he had hoped, the outgoing bank boss can make for the exit having hit some important long-term goals.
Eurozone finance ministers will convene in Brussels today to decide who will be the next European Central Bank (ECB) vice-president.
In the world of fintech (financial technology) it sometimes appears that the sector didn’t begin until after the global financial crisis in 2008.
While many countries are cracking down on bitcoin and cryptocurrencies Switzerland’s financial regulator is encouraging it — issuing guidelines on so-called initial coin offerings (ICOs).
Germans are finally spending more money on cards and internet transfers than cash.
The advent of open banking and the PSD2 regulation is over a month old, yet the benefits are hardly trickling through yet.
The UK challenger bank scene is alive and healthy in 2018, with new initiatives popping up across the country to bank the under-banked.
Big changes are afoot in the banking industry as the European Union (EU) directive, PSD2, comes into force this weekend on Saturday 13 January.
Housebuilder Persimmon is going to give its chief executive a £110m bonus following higher than expected profits in 2017.
Investors are today closely watching the much-anticipated introduction of a colossal piece of European Union (EU) legislation which aims to apply lessons from the financial crisis nearly a decade ago.
The Bank of England (BoE) has unveiled plans to allow European wholesale lenders to keep operating as normal in the UK after Brexit.
Aimed at increasing market transparency in Europe, a revamped version of the Markets in Financial Instruments Directive — known as Mifid II — comes into force on 3 January.
It has taken almost a decade and accumulated losses of around £50bn but Royal Bank of Scotland (RBS) has finally, belatedly, and expensively closed its so-called bad bank business unit.
As customers shift to online banking, RBS announced today that it will close 259 branches across the UK.
More than one in four UK bank branches (26 percent) have been shuttered in the past five years.
UK chancellor Philip Hammond’s concession for first-time home buyers announced in his budget earlier this month will only have a “limited impact” on housing demand, according to British high street bank Nationwide.
The UK’s Bank of England (BoE) has said it wants the Sterling Over Night Index Average — known as Sonia — to replace the now infamous, scandal hit London Interbank Offered Rate (Libor) in setting commercial sterling interest rates by end of 2021.
Xavier Rolet, the chief executive of the London Stock Exchange (LSE), has been asked to leave his post a year earlier than planned amid a boardroom row.
The Bank of England (BoE) has published the results of its latest stress tests of the UK’s biggest lenders, with this year’s billed as the toughest the BoE has done since it began testing in 2014.
The official Brexit date is still over a year away, but that doesn’t stop the communities that will be affected by the official separation from worrying about it.