Now playing Next Business Iran used UK bank accounts to evade Western sanctions: FT Two of the UK's biggest banks, Santander UK and Lloyds, provided accounts to British companies with links to Iran's intelligence services. 05/02/2024
Now playing Next Economy Davos 2024: Ukraine's Zelenskyy set to meet JP Morgan boss Ukraine is seeking new ways to finance its rebuilding plans as vital aid from the West slows down. President Volodymyr Zelenskyy reportedly has plans to meet JP Morgan's CEO at the World Economic Forum. 15/01/2024
Now playing Next Business BNP Paribas caught up in Cyprus-related money laundering investigation An ongoing investigation targets a Cypriot brokerage firm, in collaboration with one of BNP Paribas' branches, over alleged 'aggravated money laundering.' 27/12/2023
Now playing Next Business Rabobank gets whopping fine for cartel participation The European Commission has slapped the Netherlands' Rabobank with a fine worth tens of millions of euros for its decade-long involvement in a cartel with Deutsche Bank concerning the trading of certain euro-denominated bonds. 23/11/2023
Now playing Next Business UBS shares up by 4% despite $785 million loss following Credit Suisse UBS shares were up by 4% as the Swiss banking giant cut costs faster than expected while moving forward with its merger with rival Credit Suisse. 07/11/2023
Now playing Next Business Who is Ted Pick, Morgan Stanley's new CEO? After 33 years with the Wall Street giant, Pick will take over as CEO at the start of next year. 26/10/2023
Now playing Next Economy UBS faces legal heat over Russian client sanctions evasion UBS shares experienced a significant dip as the US Department of Justice launched an intensified investigation into alleged compliance failures that aided Russian clients in evading sanctions. 28/09/2023
Now playing Next Economy Bank of England pauses interest hikes, as several European countries climb Following a surprise decrease in inflation in August, the Bank of England has announced its decision to pause interest rates, in contrast to many of the UK’s neighbours. 21/09/2023
Now playing Next Green News These banks have poured trillions of euros into fossil fuel expansion Funding for polluting industries far outstrips support for climate change mitigation, a new report shows. 04/09/2023
Now playing Next Money JPMorgan to take over deposits of troubled First Republic Bank After Silicon Valley Bank and Signature Bank, First Republic is the third midsize bank in the US to fail in just two months. 01/05/2023
Now playing Next Green News Revealed: The ‘secret relationship’ between banks and oil companies Big banks are 'gambling' with our climate, a new report shows, acted out by Game of Thrones stars. Where are the ethical banks? 13/04/2023
Now playing Next Economy Explained: Why the EU's banking union is still unfinished business The banking union was first pitched in 2012, at the height of the eurozone crisis, but the project remains incomplete to this day. 27/03/2023
Now playing Next Money First Citizens Bank to buy collapsed Silicon Valley Bank All of SVB's deposits and loans will be taken over by its rival First Citizens Bank, US regulators said late on Sunday. 27/03/2023
Now playing Next Climate Rocking chair rebellion: Why older Americans are set to blockade banks Orchestrated by Third Act, the first mass climate action from older US citizens will target ‘the big four’ US banks. 20/03/2023
Now playing Next Green News Eurozone’s largest bank sued over fossil fuel lending Three environmental groups are suing the eurozone’s largest bank over its loans to oil and gas companies. 23/02/2023
Now playing Next Iran Iran and Russia link banks to evade Western sanctions Iran and Russia have strengthened ties following Russia's invasion, including on military cooperation. 01/02/2023
Now playing Next Money Four apps to help you keep track of your spending In low spirits because of high prices? Here are some tips to track your expenses and stick to your budget. 23/01/2023
Now playing Next Denmark Danske Bank fined €470m over international money laundering scandal The Danish bank had already admitted to defrauding US-based banks in a multi-billion-dollar scheme to gain access to the US financial system. 14/12/2022
Now playing Next Green News Which global bank is cutting financing for new oil and gas fields? Campaigners say the decision sets a "minimum level of ambition for all banks committed to net-zero." 14/12/2022
Now playing Next Europe Decoded Why do central banks raise interest rates to curb inflation? Banks hope that if borrowing money becomes more expensive, consumer demand will fall, bringing down prices along the way. 27/10/2022