UniCredit has formally notified Germany’s Federal Cartel Office of its planned acquisition of a 29.99 per cent minority stake in Commerzbank, a spokesperson for the regulator confirmed on Wednesday.

Banks in the UK are mostly lending to buy existing property or to the financial sector rather than supporting economic output, according to campaign group Positive Money’s analysis of Bank of England ...

DBS has become the first major Asian bank to say it will make significant job cuts as a result of its use of AI. The cuts come after Italy’s Intesa Sanpaolo said late last year that it could slash up ...