The simultaneous announcement of a multimillion-dollar loss from a fraudulent investment and a near-record quarter for dealmaking revenue presents a striking paradox that speaks volumes about the modern financial industry's complex structure. For investment bank Jefferies, a staggering $30 million
The world of U.S. bank regulation is often seen as a landscape of rigid lines and fixed goalposts, where a bank’s fate can be determined by crossing a specific asset threshold. However, a significant shift is underway, championed by both top regulators at the Federal Reserve and key lawmakers on
A landmark acquisition in the African fintech sector signals a potential tectonic shift away from traditional card-based networks and towards a future built on direct bank-to-bank infrastructure. The all-stock transaction, which saw US-based payment technology giant Flutterwave acquire Nigerian
Global banking giant HSBC has appointed Chaoni Huang, a seasoned executive from BNP Paribas, to lead its sustainable finance operations in Asia. This hire comes as the bank faces intense scrutiny for backtracking on climate commitments. The move raises a central question: can one executive steer
The year 2025 will be remembered not for a single disruptive innovation but for the powerful convergence of foundational technologies and strategic leadership shifts that collectively reset the operational playbook for the entire financial services industry. Across the sector, long-discussed
With the Federal Reserve signaling a new era in payments by considering a novel, limited-use "skinny" account, the intersection of financial innovation and regulatory caution has never been more charged. To navigate this complex landscape, we turn to Priya Jaiswal, a leading authority in banking
