Banking
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Big Chinese Banks Report Falling Profits Amid Economic Slowdown
China’s biggest banks have warned that their profit margins will come under even more pressure in the second half of the year…
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Citi Explores Custody And Payments For Stablecoins After U.S. Law Shift: Report
In Washington, a single policy change has opened the door for Wall Street banks to step deeper into crypto markets. Citigroup is…
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Trump Orders Crackdown On Political And Religious Bias In Banking
U.S. President Donald Trump has signed an executive order requiring banks and their regulators to ensure that customers are not denied services…
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Are US Banks Discriminating Against Conservatives? President Donald Trump Thinks So
US President Donald Trump has placed America’s banking giants into the political spotlight, this time accusing major financial institutions like JPMorgan Chase…
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Britain’s Next Finance Scandal? Supreme Court Ruling Could Spark Billions In Claims
Britain could be bracing for another consumer finance scandal of historic proportions as the country’s Supreme Court prepares to hand down a…
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Gemini Claims JPMorgan Halted Onboarding Amid Dispute Over Data Access Fees
Tyler Winklevoss, co-founder of crypto exchange Gemini, alleges that JPMorgan Chase stopped Gemini’s onboarding after he publicly criticized the bank’s new fee…
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US Congress Targets JPMorgan And Bank Of America On China CATL’s Listing
The U.S. House of Representatives Select Committee on China has escalated its investigation into Wall Street’s involvement with Chinese companies by subpoenaing…
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Is The U.S. Dollar Still Safe? Why The Bank Of England Is Asking Tough Questions
The Bank of England is taking a closer look at how exposed UK banks are to the U.S. dollar. This move comes…
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FCA Fines Barclays $56 Million For Compliance Failures Tied To UK Crime Probe
Britain’s financial regulator fined Barclays £42 million ($56 million) for reportedly failing to properly assess the money laundering risks posed by two…
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U.S. Federal Reserve May Loosen Oversight Rules For Big Banks
The U.S. Federal Reserve has announced a proposal to change how it grades large banks, potentially making it easier for them to…