Italy moves to shed domestic bank holdings – report
Italy is moving towards exiting its shareholdings in domestic banks, Economy Minister Giancarlo Giorgetti said, pointing to a possible sale of the…
16 Jul 2026
UK sets out AI adoption plan for financial services – Industry reaction
The UK government has published a policy agenda aimed at increasing the use of artificial intelligence in financial services, while seeking to keep regulatory and systemic risks in check. The proposals draw on measures…
15 Jul 2026
First Bancorp to buy First Carolina Bancshares in $166m deal
First Bancorp has agreed to acquire First Carolina Bancshares in a transaction valued at $166m. The purchase price is based on First Bancorp’s share price of $64.22 on 13 July…
15 Jul 2026
Canada regulator warns major banks on Anthropic AI cyber risks – report
Canada’s federal banking watchdog alerted the country’s financial institutions on risks tied to Anthropic’s Claude Mythos and other advanced AI models, reported Reuters. According to the regulator, the technology could…
15 Jul 2026
UK BNPL regulations come into effect: Industry reaction
Deferred payment credit (DPC), often known as Buy-now-pay-later (BNPL) is finally subject to FCA regulation. According to the FCA, it wants its regulatory regime to reduce the risks of harm…
14 Jul 2026
Australia adds non-bank lenders to CDR framework
Australia's non-bank lenders have now been mandated to share interest rates, fees, and eligibility via the Consumer Data Right (CDR) system. This aims to expand loan comparison tools and improve…
14 Jul 2026
IDBI stake sale advances with revised bids from Fairfax, Emirates NBD
India has received revised bids from Fairfax Financial and Emirates NBD for the purchase of its stake in IDBI Bank, as the long-running privatisation process moves into a crucial stage.…