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HSBC To Exit China Credit Card Market After Eight Years
HSBC’s attempt to establish itself in China’s competitive credit card market could end. After eight years of effort, the global banking giant…
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Barclays Draws Line Under 2008 Crisis Era With £40M FCA Settlement
British banking giant Barclays has agreed to pay a £40 million ($50.9 million) fine to the UK’s Financial Conduct Authority (FCA), ending…
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Goldman Sachs Reportedly Wants To Spin Its Crypto Platform
Investment bank Goldman Sachs is set to spin its cryptocurrency platform in favour of a separate industry-owned company. The new company to…
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Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology
India’s central bank is preparing to make a move into the cloud computing space, announcing plans to launch a pilot program in…
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Wall Street Set To Soar Under Trump’s Return While European Banks Navigate Tough Waters
The prospect of Donald Trump returning to the White House is sending shockwaves through the global banking sector, with European lenders bracing…
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Norway Considers MiCA Adoption, Explores CBDC For Payments
Norway is the latest to express support for the European Union’s crypto regulation (MiCA), now evaluating the adoption of a central bank…
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UBS Tests Blockchain Payments For Cross-Border Transfers
Swiss banking giant UBS piloted a blockchain-based payment solution seeking to improve cross-border transactions. The trial, UBS Digital Cash, is part of…
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SEC Fines JPMorgan $151 Million For Investor Disclosure Lapses
JPMorgan Chase agreed to pay $151 million to settle five enforcement cases with the US Securities and Exchange Commission (SEC). The regulator’s…
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Swiss Central Bank Reaffirms Commitment To Cash With Plan For Updated Banknotes
The Swiss National Bank (SNB) has announced plans to develop a new series of banknotes, as reported by Reuters. This decision comes…
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U.S. Equity Indexes Declined On Wednesday, As Widespread Risk-Off Sentiment Weighed On Most Sectors
U.S. equity indexes declined on Wednesday, as risk-off sentiment spread across most sectors, driven by continued gains in government bond yields. U.S.…