International banking

The global rise of online gambling has created a range of new money-laundering risks for banks and other companies, according to the Financial Action Task Force, an international standard-setting organization.

Royal Bank of Canada executives said they see plenty of organic-growth opportunities in the U.S., including in Texas, but would also consider acquisitions.

Amex, Capital One and Chase are outperforming airlines in airport lounge customer satisfaction. New entrants in the premium travel card space are opening their own lounges to compete.

The Canadian bank, which generates a significant portion of its revenue in the states, is on a path toward higher returns in the U.S., executives said Tuesday.

Banco Santander has completed its purchase of Webster Financial. It plans to take the integration process slowly in order to avoid customer disruptions.

The move gives Bank of America a stronger foothold in the Indian market by investing in one of the fastest-growing financial firms in the region.

Banco Santander's pending acquisition of Webster Financial got approval from the Federal Reserve Board about five months after the deal was first announced.

The proposed entity, which will include broadcasting and sponsorship assets, would initially be valued at about $20 billion.

One of Sweden's biggest banks agreed to the penalty to resolve a multiyear investigation into its compliance failures. The New York State Department of Financial Services said Swedbank intentionally withheld information it was required to turn over.

The company plans to use the funding to expand its global banking services, including using stablecoins for cross-border payments.

Sony Bank received conditional approval from the OCC to launch a national trust bank subsidiary called Connectia for making its own dollar-backed stablecoins.

The fintech's recently installed U.S. CEO said at American Banker's Digital Banking conference that Revolut's goal is to become "the first truly global bank."

The megabank has completed the sale of its consumer banking business in Poland. It has now sold 10 retail-focused franchises in certain underperforming, international markets over the past five years.

Spain's largest lender is looking to buy Webster as part of an effort by Executive Chair Ana Botin to expand in the U.S.

The Japan-linked risk for banks is not the exchange rate itself but the funding, collateral and rollover pressure behind it. Sudden volatility in the foreign exchange market will rapidly cascade into U.S. Treasury markets.

The 2023 takeover of Credit Suisse boosted UBS's size but also saddled it with the challenge of integrating vast operations.

A threat that was probabilistic is now official. An Iranian military spokesperson warned of a "painful response" against U.S.-linked banks.

BMO moved closer to hitting company-wide and U.S. profit targets after reporting increased first-quarter profits.

The investors agreed to buy 499 million shares of Citi's Mexican retail unit for around $2.5 billion. The sale was at a small premium to the initial stake the megabank sold to Mexican billionaire Fernando Chico Pardo last year.