A Santander office building in London. Luke MacGregor | Bloomberg via Getty Images Spanish lender Banco Santander has eclipsed Swiss giant UBS as continental Europe’s largest bank by market capitalization, as U.S. tariffs ripple through the region’s bruised banking sector. UBS — whose share took a deep tumble after the April 2 announcement of U.S….
Dutch digital bank Bunq is plotting re-entry into the U.K. to tap into a “large and underserved” market of some 2.8 million British “digital nomads.” Pavlo Gonchar | Sopa Images | Lightrocket | Getty Images Dutch digital bank Bunq on Tuesday said it’s filed for broker-dealer registration in the U.S. as it looks to further…
A Palestinian-American teenager has been killed by Israeli forces in the occupied West Bank, Palestinian officials say. Omar Mohammed Saada Rabea, 14, was shot on the outskirts of Turmus Ayya on Sunday evening along with two other 14-year-old boys, one of whom was seriously wounded. The other suffered minor wounds. The Israeli military said its…
Bank of England, the Royal Exchange and the statue of the Duke of Wellington in the City of London on 19th February 2025 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images The Bank of England left interest rates unchanged Thursday as the U.K. economy contends with uncertainty around global trade and…
Bank of America CEO Brian Moynihan said Wednesday that consumers are continuing to spend and economic growth should be solid though slower this year. Despite surveys indicating that confidence is at a nearly three-year low amid increasing worries about inflation, Moynihan told CNBC that spending data shows consumers are still shelling out money, though shifting…
Japan’s national flag flutters at the Bank of Japan headquarters in Tokyo on May 30, 2024. Kazuhiro Nogi | Afp | Getty Images Japan’s central bank on Wednesday kept its key policy rate steady at 0.5% in a unanimous vote. The move, which was in line with market expectations, comes as the Bank of Japan…
A portable power bank likely caused a fire that engulfed and destroyed a passenger plane in South Korea in January, according to local authorities. The Air Busan plane caught fire at Gimhae International Airport in the country’s south on 28 January – causing three people on board to sustain minor injuries. On Friday, South Korea’s…
The European Central Bank is expected to cut interest rates for the second time this year at its Thursday meeting, but disagreement among policymakers may be set to increase amid tariff uncertainty and a potential ramp-up in regional defense spending. Markets had on Wednesday fully priced in a quarter-point rate cut for the March meeting,…
FILE PHOTO: Office of Management and Budget (OMB) Acting Director Russell Vought testifies before House Budget Committee on 2020 Budget on Capitol Hill in Washington, U.S., March 12, 2019. Yuri Gripas | Reuters The Consumer Financial Protection Bureau on Tuesday dismissed its lawsuit against the operator of the Zelle payments network and the three U.S. banks…
Paul Adams BBC News, West Bank EPA The month-long operation has displaced about 40,000 Palestinians from four camps in the West Bank “The army forced us out. Me, my wife and family. We took nothing with us.” Alaa Ofi is trying to figure out how to manage his drastically changed circumstances. “We left behind our…
