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UBS Completes Merger with Credit Suisse’s Swiss Operations

UBS Completes Merger with Credit Suisse’s Swiss Operations

Credit Suisse’s CEO will leave the firm following the merger
UK Credit Card Spending Hit Record High in December

UK Credit Card Spending Hit Record High in December

Customer spending has continued to rise, while repayments decline
Majority of Banks Fall Behind in Digital Transformation

Majority of Banks Fall Behind in Digital Transformation

Nearly one in six banks admit to lagging behind or working to catch up with digital transformation
Banks Revenue Increased by $4bn in Q1

Banks Revenue Increased by $4bn in Q1

Trading revenue of US banks reached $15.6 billion
All Banks Pass Stress Test But Vulnerabilities Remain

All Banks Pass Stress Test But Vulnerabilities Remain

Banks would lose nearly $685 billion in hypothetical scenario of extreme recession
BIS Urges Central Banks to Keep Pace with AI

BIS Urges Central Banks to Keep Pace with AI

Three-quarters of respondents expect AI to introduce more benefits than risks to central banks
Lloyds to Transfer 10 Million Cards to Visa

Lloyds to Transfer 10 Million Cards to Visa

The majority of consumer and commercial credit cards will migrate to Visa by 2026
Financial Advice Gains Importance with Bank Customers

Financial Advice Gains Importance with Bank Customers

Over three-quarters of customers who received financial advice acted on it
Carlyle and KKR Lead Bidding for Discover’s Student Loans

Carlyle and KKR Lead Bidding for Discover’s Student Loans

Firms seek to acquire $10 billion US student loan portfolio
Trade Groups Urge OCC and FDIC to Align Merger Plans

Trade Groups Urge OCC and FDIC to Align Merger Plans

Lack of uniformity between merger rules could prolong process, trade groups said
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