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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.…
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European Central Bank Cuts Rates Again, Eyes Growth As Inflation Slows
Europe’s economic struggles have taken center stage as the European Central Bank (ECB) cut interest rates for the third time this year.…
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World Bank Raises Alarm As Debt Levels Soar For World’s Most Vulnerable Economies
In a sobering report released on Sunday, the World Bank revealed that the world’s 26 poorest nations are grappling with their worst…
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Germany Seeks To Block UniCredit’s Commerzbank Deal Over Italy Debt Concerns: Report
Germany raised concerns over a possible takeover of Commerzbank by Italy’s UniCredit, Reuters reported. The possibility of linking German financial stability to…
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JPMorgan Faces $155 Million Asset Seizure In Russian Court Ruling
A Russian court ordered the seizure of $155.8 million from JPMorgan Chase bank accounts in Russia. The move is part of an…
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Investors Are Focusing On Key Inflation Data Due Thursday And The Upcoming Q3 Earnings Season
Trading has been choppy through the week, with investors adjusting their rate-cut expectations, and seeking new catalysts for a clearer market direction.…
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British Banks Demand Lower Taxes, Higher Competitiveness
Ahead of the Labour government’s inaugural budget, Britain’s finance industry is urging for a reduction in bank-specific taxes, claiming that London’s lenders…