Non-Bank Financial Groups’ Assets Exceed Banks by $65 Trillion
A new regulatory report shows non-bank groups accruing more assets than their traditional banking counterparts. The value of assets by these groups — which include private credit providers, hedge funds…
Beijing launches $72bn capital injections at biggest banks
Stay informed with free updates Simply sign up to the Chinese business & finance myFT Digest — delivered directly to your inbox. Four of China’s biggest banks will raise a…
Egypt’s Khazna banks $16M for its financial super app and expansion into Saudi Arabia
A large portion of Egypt’s population lacks access to traditional banking, forcing many to rely on cash transactions and informal lending. Khazna, a fintech startup founded in 2019, is tackling…
TD Bank’s historic $3B money laundering settlement too lenient, senator says
TD Bank is the 10th-largest bank in the country – but for a while was the No. 1 choice for criminal organizations laundering drug money, according to federal prosecutors. The…
Trading assets at US banks cross $1tn for first time since financial crisis
Stay informed with free updates Simply sign up to the Investment Banking myFT Digest — delivered directly to your inbox. The trading accounts of US banks topped $1tn in the…