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JPMorgan Expands In Dubai To Court Midcap Clients As Rivalry Intensifies
JPMorgan has expanded its operations in Dubai as it steps up efforts to win more mid-sized corporate clients in the Middle East.…
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Alibaba Expands B2B Platform With AI Tools, JPMorgan-Backed Tokenized Payments Pilot
Alibaba is moving to modernize its global B2B business with new paid AI tools and a push into tokenized payments, marking one…
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European Bank Mergers Face Political Roadblocks, Says EU Official
The European Union’s financial chief has voiced frustration over growing obstacles that are preventing the creation of larger, more competitive European banks.…
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US Banks Tap Fed Emergency Window As Short-Term Borrowing Costs Climb
U.S. banks have tapped into the Federal Reserve’s emergency lending window, known as the Standing Repo Facility (SRF), as signs of funding…
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Visa Closes U.S. Open-Banking Unit, Shifts Focus To Europe And Latin America
Visa has closed its open-banking unit in the United States, a source familiar with the matter told Reuters, underscoring growing tensions between…
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HSBC Bids To Take Hang Seng Private In $13.6B Deal, Pauses Buybacks
HSBC made a move to tighten its grip on Asian banking after offering HK$106.1 billion ($13.6 billion) to buy out minority shareholders…
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UK Banks Launch Tokenized Deposit Pilots To Test Faster Payments
UK banks are quietly embracing blockchain technology, launching pilots of tokenized deposits that could reshape the way money moves across Britain’s financial…
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U.S. Regulators Move Toward Clarifying Banks’ Role In Digital Asset Sector
The Federal Deposit Insurance Corporation (FDIC) is gearing up for a pivotal decision that could alter the relationship between banks and cryptocurrency…
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Russia’s Central Bank Warns State Is Undermining Investor Rights
For the first time since Moscow began its large-scale nationalisation drive, Russia’s central bank has publicly pushed back against how the government…
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Latin America’s Nubank Delivers Record Profits And Expanding Loan Book
Brazilian digital banking giant Nubank has once again made headlines by posting an impressive 42% boost in net profit, driving its shares…