Banking
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South Korea Allows New Local Entrants Access To Banking Industry After 30 Years
South Korea has allowed new banks to enter the industry for the first time in 30 years. Financial firms can now apply…
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Goldman Sachs Reportedly Ending Card Partnerships With Apple
Goldman Sachs is reportedly considering terminating its partnership with Apple for virtual credit cards and other services. The Wall Street giant is…
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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.…