Despite weak consumer sentiment and economic headwinds, major credit card issuers show resilience in consumer credit health. JPMorgan Chase, American Express, Capital One, and Klarna report stable or ...

The UK Prudential Regulation Authority (PRA) has published a Dear CFO letter to selected deposit-takers providing thematic feedback from its review of written reports from auditors of UK-headquartered ...

MUMBAI: The Reserve Bank has proposed significant changes to the way banks assign risk weighting to loans and the so-called expected credit loss (ECL) framework, in a move aimed at aligning domestic ...

Royal Bank of Canada logged a jump in quarterly earnings thanks to growth across each of its business segments and a lower-than-expected credit-loss provision. The bank, Canada's largest by market ...

The Reserve Bank of India (RBI) issued a new Expected Credit Loss (ECL) draft, marking a turning point for Indian banks. Effective from April 2027, the ECL regime will require banks to provision for ...