Banking
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JPMorgan Completes First Euro-Denominated Transaction on Permissioned Blockchain
JPMorgan has completed the first euro-denominated payment on its permissioned blockchain. The JPM Coin transaction was completed in partnership with Siemens AG…
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US Regulators Contemplating Stricter Regulations For Banks Exceeding $100 Billion
The US regulators are proposing more stringent regulations for banks with assets exceeding $100 billion. As the banking sector faces potential changes,…
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Bank Of England And BIS Complete Study For Retail CBDC
The Bank of England (BoE) and the Bank for International Settlements (BIS) have completed a study on the implementation of a retail…
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Banking Chatbots & Customer Service; What Are Regulators Recommending?
Artificial Intelligence (AI) today has revolutionized various industries, and the banking sector is no exception. In a tech-savvy world today, banks and…
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Chase Bank Resolves Online Banking Disruption; Issues Refunds
JPMorgan Chase Bank, one of the top banks in the US, has restored its online banking services after a technical disruption affected…
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Economic Challenges Impact Goldman Sachs; Revenue Slump And Job Cuts Looming
Goldman Sachs Group Inc (GS.N), a prominent institution in the US financial market, is facing challenging times as it anticipates a sharp…
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Race Towards Financial Innovation; Britain Contemplates Introducing “Digital Pound”
The Bank of England and the finance ministry launched a public consultation in February this year to explore the possibility of issuing…
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HSBC Survives Bid By Top Shareholder To Spin Off Lucrative Asian Operations
Top global bank HSBC foiled a plan Friday by one of its largest shareholders to split the bank from its Asian operations.…
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Morgan Stanley to Slash 3,000 Jobs Amid Market Uncertainty
Morgan Stanley plans to eliminate 3,000 jobs from its global workforce in the second quarter due to slow deal-making and an uncertain…
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BRICS Currency Against The U.S. Dollar; International Trade And De-Dollarization
Josh Sullivan, a former economic advisor for the White House, believes that a new BRICS-issued currency may have the ability to lessen…