Societe Generale sheds managerial posts in restructuring– report
Societe Generale is cutting management layers as chief executive Slawomir Krupa continues efforts to simplify the bank’s structure, reported Bloomberg. The changes are…
05 Jun 2026
HSBC Swiss unit under probe in Lebanese fund embezzlement case – report
French prosecutors have placed HSBC’s Swiss unit under preliminary charges over claims it assisted former Lebanese central bank governor Riad Salameh in the embezzlement of funds. Le Monde first reported…
05 Jun 2026
EU to defer banks’ market risk capital rules by three years
The European Commission is set to postpone by three years the rollout of a new market risk capital regime for banks, reported Reuters, as it waits to see how the US and…
04 Jun 2026
Morgan Stanley to plug stock-plan platforms with external AI agents – report
Morgan Stanley is set to reportedly open its key stock administration platforms, ShareWorks and Equity Edge, to autonomous AI agents from thousands of corporations. The move marks one of the…
04 Jun 2026
Deutsche Bank shuns “aggressive” promotions to beat rivals
Deutsche Bank’s finance chief said the lender would not mirror rivals’ "aggressive" promotions to win new customers, maintaining confidence in its ability to cope up with tough competition. Notably, the…
04 Jun 2026
Freedom pursues French banking licence amid US SEC scrutiny
Freedom Holdings has applied for a French banking licence as it looks to enter Europe’s digital banking sector, while its Nasdaq-listed parent remains under examination by the US Securities and…
04 Jun 2026
New Celent Report Alert: AI Change Agents in Corporate and Transaction Banking
Celent has released a new report, entitled AI Change Agents in Corporate and Transaction Banking.The report starts by justifying that it is Time to Pay Attention and then make predictions regarding the Future…