A new report says that most big banks are helping companies sell “green” steel that still hurts the planet. The study looked at 20 of the world’s biggest lenders and found that only one—Lloyds—avoids this problem. The rest are backing projects that use tricks like cutting down iron ore with na
The biggest bank in Australia has reported a strong first half of the year, with lending to homes and businesses growing faster than the rest of the market. Home loans increased by 3. 7 % and business loans jumped 6. 0 %, outpacing overall system growth on both fronts. Deposits from households also
UBS began handling Ghislaine Maxwell’s finances in 2014, a few months after JPMorgan closed its ties with Jeffrey Epstein. Documents released by the U. S. Justice Department reveal that UBS managed up to $19 million for Maxwell before her 2021 conviction for sexual trafficking. The papers show th
Wall Street’s big bonuses are often tied to a question that many people don’t ask: what does the money actually do? In earlier times, banks took deposits and used them to build real things—railways, factories, homes. Today’s finance giants mostly make money by arranging deals, trading securities, an
Sberbank is pushing forward with a plan to give loans backed by crypto and to work closely with the central bank on new rules that will make it smoother for borrowers. The bank tried out this idea back in January, giving its first bitcoin‑backed loan to IntelionData, calling it a pilot that could
Big names from banks and crypto companies are meeting at the White House. They want to fix a problem. Rules for crypto in the U. S. are stuck. The meeting is on February 2. It's about finding a way forward. The White House wants to help. They think they can make a deal. But talks have been tough. D
The White House is planning a meeting with big names from the banking and crypto worlds. This is happening because these two groups can't agree on new rules for crypto. The talk is all about how crypto companies can offer rewards on stablecoins, which are like digital dollars. This meeting is a big
Banks are diving into AI, and it's a big deal. For the third year, it's the hottest trend in finance. But it's not all smooth sailing. AI brings both benefits and risks. On one hand, it boosts efficiency and improves customer service. On the other, it opens doors to fraud, deepfakes, and voice cloni
U. S. Bancorp, a bank based in Minneapolis, is making a big move. They are buying BTIG, a smaller investment bank backed by Goldman Sachs, for up to $1 billion. This deal is part of a bigger trend. Regional banks from the Midwest are taking a bigger slice of the investment banking pie. U. S. Bancor
Trump is suing JPMorgan for a huge amount of money. He says the bank closed his accounts because of politics. The bank says it's not true. Who's right? Trump claims JPMorgan closed his accounts because of his political views. He says this is unfair and against the law. He also says the bank spread
