Banking
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Custodial Bank BNY Launches Blockchain Platform To Settle Institutional Deposits
BNY, the world’s largest custodial bank, is offering institutional clients a way to settle bank deposits on a blockchain for the first…
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Italian Banks Endorse ECB’s Digital Euro, Seek Flexibility On Spending
Italian banks have voiced strong support for the European Central Bank’s (ECB) digital euro but are asking regulators to spread out the…
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EU Plans To Tap Russian Assets Spark Legal And Economic Showdown
Russia’s central bank has strongly criticized European Union plans to use Russian state assets frozen in Europe, calling the move illegal and…
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J.P. Morgan Backs Texas Stock Exchange In $250M Funding Round
TXSE Group secured a strategic investment from Wall Street giant J.P. Morgan, adding to its growing list of high-profile backers as the…
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ECB Leaders Call For Unified EU Rules To Counter U.S. Tariffs
Top ECB officials are urging the European Union to break down its own internal barriers as a way to protect the economy…
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JPMorgan Expands In Dubai To Court Midcap Clients As Rivalry Intensifies
JPMorgan has expanded its operations in Dubai as it steps up efforts to win more mid-sized corporate clients in the Middle East.…
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Alibaba Expands B2B Platform With AI Tools, JPMorgan-Backed Tokenized Payments Pilot
Alibaba is moving to modernize its global B2B business with new paid AI tools and a push into tokenized payments, marking one…
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European Bank Mergers Face Political Roadblocks, Says EU Official
The European Union’s financial chief has voiced frustration over growing obstacles that are preventing the creation of larger, more competitive European banks.…
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US Banks Tap Fed Emergency Window As Short-Term Borrowing Costs Climb
U.S. banks have tapped into the Federal Reserve’s emergency lending window, known as the Standing Repo Facility (SRF), as signs of funding…
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Visa Closes U.S. Open-Banking Unit, Shifts Focus To Europe And Latin America
Visa has closed its open-banking unit in the United States, a source familiar with the matter told Reuters, underscoring growing tensions between…