Banking news covering commercial banks, investment banks, banking regulations, deposits, lending, and financial services.
Lloyds Banking Group apologized for a technical issue with its app and online banking that prevented thousands of customers from accessing accounts on Wednesday. Services were restored by 3pm, and customers reported problems on Downdetector, with some expressing frustration on social media.
Zodia Custody CEO Julian Sawyer said every bank will soon need to hold digital assets as the industry matures toward tokenization and stablecoin payments. Standard Chartered's full acquisition of Zodia Custody is on track for completion by end of August, with the brand retired and operations folded into the bank.
Deutsche Bank CFO Raja Akram said Q2 2026 provisions will be slightly higher than analyst estimates, speaking at the Goldman Sachs European Financials Conference. The bank's stock fell on the news.
Na Wei, global head of leveraged finance at Barclays, advised software borrowers to 'prepare for war, but hope for peace' regarding an upcoming maturity wall. He spoke at the Bloomberg Global Credit Forum in New York on Wednesday.
Bank of America accepted fewer than 2,000 interns from about 240,000 applicants, a rate below 1%. The bank hired nearly 4,000 campus recruits total. Josh Bronstein cited AI tools and increased competition for the surge in applications, while emphasizing demand for human skills.
This commentary argues that Australia's First Home Guarantee scheme excludes Muslim Australians by not including Islamic finance providers, due to the banking system's reliance on interest-based lending. It suggests following the UK's lead to update the system and provide faith-compliant home loans.
This commentary profiles Laide Majiyagbe, BNY's global head of markets, and her push into digital assets and tokenization. It argues that her client-driven approach and technological innovations, such as LiquidityDirect and tokenized money market funds, are transforming liquidity, collateral, and short-term funding markets.
This article profiles Paul Margarites, TD's commercial digital chief, highlighting his role in unifying the bank's digital channels and launching innovations like the 'CFO in a box' dashboard for small businesses. It argues that centralized digital operations and customer-focused tools enhance client experience and drive growth.
This commentary profiles BMO executive Mathew Mehrotra, who argues for a cautious, client-focused approach to AI adoption in banking. It contends that banks should resist the temptation to apply AI everywhere before ensuring proper enablers are in place, and instead prioritize solving client problems with targeted technology.
This commentary profiles Atlantic Union Bank's CIO Matt Linderman, arguing that his 'lowercase-i innovation' approach—automating data validation and system integration—was key to a smooth $14 billion merger. It contends that regional banks can achieve significant impact by creatively using existing technology rather than purchasing cutting-edge solutions.