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Visa Teams Up With Paxos And Robinhood In Stablecoin Venture: Reports
Visa is said to be joining the Global Dollar Network (USDG), a stablecoin consortium led by Paxos. This decision would place Visa…
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FDIC Reverses Policy, Allows Banks To Engage In Crypto Freely
The Federal Deposit Insurance Corporation has made a significant policy change that allows banks to engage in cryptocurrency-related activities without requiring prior…
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UniCredit Gets European Central Bank’s Approval For €14B Banco BPM Takeover Bid
UniCredit secured European Central Bank (ECB) approval for its €14 billion all-share offer to acquire Banco BPM, Reuters reported. While this regulatory…
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Why Big Banks Are Holding Off On Mergers Despite Deregulatory Moves
Optimism surrounding big bank mergers has been tempered by uncertainty, market volatility, and lingering regulatory concerns. While the Trump administration has signaled…
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Berlin’s Infrastructure Plan Faces A Red Tape Roadblock, Say Top Bankers
Germany is on the brink of a major economic shift with a massive 500-billion-euro infrastructure and defense spending plan. The announcement has…
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StanChart Shares Hit 2015 High After Earnings, Buyback Announcement
Standard Chartered’s stock hit its highest level since 2015 after reporting an 18% rise in annual profit and announcing a $1.5 billion…
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Banking Giants Face Massive Penalties In UK Bond Market Investigation
Britain’s competition watchdog has imposed substantial fines totaling £104.5 million ($132.4 million) on four major global banks for improper information sharing in…
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Canadian Banks Must Embrace Diversity Under Groundbreaking Regulations
Canada has taken a bold step forward in promoting corporate diversity by implementing new regulations requiring banks and national institutions to disclose…
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Singapore Banks Ride High On Interest Rates, But Risks Loom
Singapore’s biggest banks are set to post impressive profits for the fourth quarter, fueled by higher interest income and strong wealth inflows.…
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Russian Banks Post Record Profits, But Lending Growth Slows
Russia’s banking sector enjoyed a historic year in 2024, raking in 4 trillion roubles ($40.7 billion) in profits. According to a Reuters…