Banking
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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…
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HSBC Bids To Take Hang Seng Private In $13.6B Deal, Pauses Buybacks
HSBC made a move to tighten its grip on Asian banking after offering HK$106.1 billion ($13.6 billion) to buy out minority shareholders…
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UK Banks Launch Tokenized Deposit Pilots To Test Faster Payments
UK banks are quietly embracing blockchain technology, launching pilots of tokenized deposits that could reshape the way money moves across Britain’s financial…
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U.S. Regulators Move Toward Clarifying Banks’ Role In Digital Asset Sector
The Federal Deposit Insurance Corporation (FDIC) is gearing up for a pivotal decision that could alter the relationship between banks and cryptocurrency…
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Russia’s Central Bank Warns State Is Undermining Investor Rights
For the first time since Moscow began its large-scale nationalisation drive, Russia’s central bank has publicly pushed back against how the government…
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Latin America’s Nubank Delivers Record Profits And Expanding Loan Book
Brazilian digital banking giant Nubank has once again made headlines by posting an impressive 42% boost in net profit, driving its shares…
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European Central Bank Flags Risks In EU’s Securitisation Reforms
The European Central Bank (ECB) has voiced concern over the European Commission’s latest proposal to relax rules around bank securitisation, warning that…
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Central Bank Of China Targets Stronger Global Role For Yuan With Regulatory Push
China is taking another big step in its long-term goal of making the Yuan a stronger global currency. On Friday, the People’s…
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Morgan Stanley Challenges Fed Over Capital Buffer In Rare Stress Test Dispute
The Federal Reserve has locked in fresh capital requirements for the nation’s largest banks, but not without pushback. Morgan Stanley is seeking…