HSBC will continue reshaping its business and conduct cost-saving strategies amidst a weak performance in its European, Latin American, and North American businesses.

The boards of directors of National Bank of Abu Dhabi (NBAD) and First Gulf Bank (FGB) have approved a proposed merger of the banks, which will create the largest bank in the Middle East and North Africa region.

Ahmed Maan Tabaqchalli, chief investment officer of Asia Frontier Capital in UK, and Philippe Paillart, former chief executive officer of DBS Group, discuss the future of London, Europe, and the global economy after Britain decided to leave…

Osama Al Rahma, chief executive officer of Al Fardan Exchange and chairman of UAE’s Foreign Exchange and Remittance Group, discusses the challenges being faced by the foreign exchange and remittance industry, including the threat of de-risking,…

The development of digital platforms that enable direct global money transfer is a nascent but fast growing business model from the remittance industry. The model does not envisage traditional banks as part of the long term plans, and competes…

UK’s historic vote to leave the European Union is now likely to be followed by a long process of negotiating the exit and the new relationship.

While crowdlending in Asia Pacific shows early promise, its fate will be dictated by how regulators and banks respond to the challenges they pose.

David Puth, Chief Executive Officer at CLS, welcomes the Bank of Korea’s call to expand protection from settlement risk in foreign exchange and highlights the efficiency and operational benefits of CLS to non bank financial institutions.