Banking
Collection · newest first-
HSBC To Exit China Credit Card Market After Eight Years
HSBC’s attempt to establish itself in China’s competitive credit card market could end. After eight years of effort, the global banking giant…
-
Barclays Draws Line Under 2008 Crisis Era With £40M FCA Settlement
British banking giant Barclays has agreed to pay a £40 million ($50.9 million) fine to the UK’s Financial Conduct Authority (FCA), ending…
-
Goldman Sachs Reportedly Wants To Spin Its Crypto Platform
Investment bank Goldman Sachs is set to spin its cryptocurrency platform in favour of a separate industry-owned company. The new company to…
-
Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology
India’s central bank is preparing to make a move into the cloud computing space, announcing plans to launch a pilot program in…
-
Wall Street Set To Soar Under Trump’s Return While European Banks Navigate Tough Waters
The prospect of Donald Trump returning to the White House is sending shockwaves through the global banking sector, with European lenders bracing…
-
Norway Considers MiCA Adoption, Explores CBDC For Payments
Norway is the latest to express support for the European Union’s crypto regulation (MiCA), now evaluating the adoption of a central bank…
-
UBS Tests Blockchain Payments For Cross-Border Transfers
Swiss banking giant UBS piloted a blockchain-based payment solution seeking to improve cross-border transactions. The trial, UBS Digital Cash, is part of…
-
SEC Fines JPMorgan $151 Million For Investor Disclosure Lapses
JPMorgan Chase agreed to pay $151 million to settle five enforcement cases with the US Securities and Exchange Commission (SEC). The regulator’s…
-
World Bank Raises Alarm As Debt Levels Soar For World’s Most Vulnerable Economies
In a sobering report released on Sunday, the World Bank revealed that the world’s 26 poorest nations are grappling with their worst…
-
Germany Seeks To Block UniCredit’s Commerzbank Deal Over Italy Debt Concerns: Report
Germany raised concerns over a possible takeover of Commerzbank by Italy’s UniCredit, Reuters reported. The possibility of linking German financial stability to…