Banking
HSBC CEO global wealth, personal banking steps down amid raft of senior people changes
He will support his successor Hong Kong-based O’Byrne in an advisory capacity
Saxo Bank Group restructures its distribution model in Asia-Pacific region
The bank’s results also reported adjusted net profit of €68m, compared to €50m for the same period last year
Revolut gains UK banking licence in ‘important milestone’
Revolut said in the statement that it now enters the ‘mobilisation’ stage
Nordea Bank charged by Danish crime unit over AML failings on €3.5bn of transactions
This is claimed to be the largest money-laundering case in Danish history
PwC “Banking in Luxembourg” report highlights resilience and future AI developments
PwC “Banking in Luxembourg” report: Resilience amidst global challenges in Luxembourg’s banking sector