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BNY Mellon Agrees To $5M Settlement With CFTC Over Swap Reporting Failures
The Bank of New York Mellon has agreed to pay a $5 million fine to the US Commodity Futures Trading Commission (CFTC)…
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Fed Unveils New Capital Requirements For Big Banks, Eases Pressure On Goldman Sachs
In a move that has captured the financial world’s attention, the U.S. Federal Reserve has announced its latest set of capital cushions…
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Monzo Tops The List As Britain’s Favorite Bank, Leaving Big Names Behind
In a major industry-wide survey commissioned by the Competition and Markets Authority (CMA), the digital bank Monzo has emerged as the best…
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Germany’s Largest Development Bank Courts Boerse Stuttgart Digital For Its Tokenised Bond
State-owned and Germany’s largest development bank, KfW, is preparing for its anticipated blockchain-based digital bond offering. The bank teamed up with Boerse…
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French Banking Giant SocGen Streamlines Operations In Billion-Dollar Sale
In a significant move that’s reshaping the European banking sector, French banking giant Societe Generale (SocGen) has announced the sale of its…
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JPMorgan Asks US Judge To Dismiss VTB Lawsuit, Citing Russian Court Coercion: Report
JPMorgan Chase is seeking to dismiss its lawsuit against Russia’s VTB Bank following intense pressure from a Russian court, Reuters reported. The…
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Xapo Bank Launches The First Interest-Bearing BTC And Fiat Accounts In The UK
Xapo Bank has officially debuted a combined interest-bearing US dollar and Bitcoin (BTC) banking accounts in the UK. The launch happened after…
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Barclays’ Investment Bank Shines With Ambitious Share Buyback Plan
In a bold move that’s turning heads in the financial world, Barclays has announced a hefty £750 million ($957 million) share buyback…
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JPMorgan Weighs Lawsuit Against Consumer Watchdog Over Fraud Probe
The increasing scrutiny on Zelle, a US peer-to-peer payment network, has driven JPMorgan Chase to contemplate legal action against the Consumer Financial…
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UK Regulators Crack Down On Bank Branch Closures To Ensure Cash Availability
In a move to protect vulnerable communities and maintain access to cash, the UK’s Financial Conduct Authority (FCA) has announced new rules…