HSBC Holdings Plc said it would buy back shares worth $1 billion as it reported third-quarter earnings that fell short of estimates.

HSBC Holdings Plc started its search for a new chief executive officer of its asset management unit to replace Nicolas Moreau, according to people with knowledge of the matter.

Standard Chartered Plc Chief Executive Officer Bill Winters said the bank had shut down the accounts used by a Russian money laundering ring after it discovered attempts to circumvent Western sanctions imposed in the wake of the invasion of Ukraine.

The UK’s Labour government is examining plans to expand a new property tax to include homes worth more than £1.5 million ($2 million), according to The Times newspaper, citing unnamed government sources.

The UK should slash taxes on the rich and encourage the City to take greater risks, according to a report by a think-tank linked to Reform UK that’s set to guide the economic policies of Nigel Farage’s insurgent party.

HSBC Holdings Plc is set to start its search for a new chief financial officer, parsing through a pool of internal and external candidates willing and qualified to take on one of the biggest jobs in global finance. The bank is looking to replace Pam Kaur, who unexpectedly announced Thursday she would retire from the role in 2027.

Democrat Ron Wyden cited nonpublic documents held by the US Treasury in a report that says banks delayed reporting suspicious financial transactions and calls for tougher anti-money-laundering rules, greater oversight of wealthy clients and new penalties for bankers who ignore red flags.

IFFCO Group, one of the Middle East’s largest consumer goods companies, has emerged as an unwelcome headache for HSBC Holdings Plc at a time when Chief Executive Officer Georges Elhedery is trying to make the British lender leaner, simpler and more disciplined with capital.

HSBC Holdings Plc Chief Executive Officer Georges Elhedery said people will remain central to banks even as artificial intelligence becomes widespread, offering reassurance to employees after recent CEO comments raised concerns about the industry’s future.

Standard Chartered Plc Chief Executive Officer Bill Winters apologized for his comments earlier this week about how artificial intelligence will affect “lower-value human capital,” after such remarks spurred public backlash.

Standard Chartered Plc promoted a former banking analyst and critic of the lender, Manus Costello, as its chief financial officer, concluding a months-long search to replace Diego De Giorgi following his abrupt departure from the Asia-focused lender.

HSBC Holdings Plc has carried out a “thorough review” of a $400 million fraud-related provision in its latest earnings and is updating its risk appetite, according to Chairman Brendan Nelson.

UBS Group AG was fined €6 million ($7 million) in Monaco over weak anti-money laundering controls, including filing a report 253 days after a suspicious transaction.

Digital finance and tokenized assets are slated to become a core part of the world’s financial system, but most businesses don’t know what impact that will have on their operations, according to a survey by HSBC Holdings Plc.

British International Investment, a £9.9 billion ($13.6 billion) development-finance institution owned by the UK government, halted investments with DP World over alleged ties between the port operator’s chief executive officer and disgraced financier Jeffrey Epstein.

Weeks after its market value rose above £200 billion ($268 billion) for the first time in its history, HSBC Holdings Plc is now on course for a capitalization in excess of £300 billion, according to the head of the lender’s corporate and investment banking arm.

Hedge funds. Brokerages. Billionaires. Jeffrey Epstein rode the coattails of the rich and played hardball with his connections, a cache of emails reveals.

Reform is invoking Margaret Thatcher’s Big Bang to woo the UK’s flagship industry

Weeks into his job as interim chairman of HSBC Holdings Plc, Brendan Nelson had a change of heart.