Swiss private banks saw assets under management climb to a record 3.4 trillion Swiss francs ($4.24 trillion) in 2024, driven by positive financial markets, KPMG said on Thursday.

The U.S. Treasury Department has slapped sanctions on three financial institutions in Mexico it says were used to launder millions of dollars for cartels, in a move officials say would block certain ...

The Federal Reserve unveiled a proposal on Wednesday that would overhaul how much capital large global banks must hold ...

The Federal Reserve unveiled plans to roll back an important capital rule that big banks have said limits their ability to hold more Treasuries and act as intermediaries in the $29 trillion market.