Stories tagged “Banking.”
30 stories
Standard Chartered has become the first major global bank to offer institutional spot Bitcoin and Ether trading in the United Arab Emirates (UAE) through its DIFC-regulated entity.
UK Chancellor John Healey is reportedly considering a windfall tax on banks and oil firms to help fund household support. The UK's four largest banks have made £200bn in pre-tax profits over five years.
UK 10-year borrowing costs have reached their highest level since 2008 amid a global bond market sell-off, driven by US-Iran tensions escalating oil prices and inflation fears.
Barclays Bank is facing a formal complaint in the UK over its financial ties to the coal-fired Rampal power plant in Bangladesh, located near the Sundarbans, a Unesco world heritage site.
Scalable Capital lanza un depósito al 2,75% TAE y eleva la remuneración de su cuenta al 2,63%
Scalable Capital anuncia nuevos productos de ahorro con intereses récord.
The US Treasury has imposed restrictions on Bank Misr's UAE branches, cutting their access to dollar services due to alleged $1.8 billion in transactions with Iran-linked entities. This move is part of a broader US campaign to economically isolate Iran.
Bank of England Governor Andrew Bailey has warned G20 finance ministers that AI could trigger a global economic downturn and pose significant cyber security risks to financial systems.
Heritage Bank depositors demand full refunds
Aggrieved depositors of the defunct Heritage Bank Plc are renewing calls for the Federal Government and financial regulators to ensure the full repayment of their outstanding funds, two years after the bank's license was revoked.
Russia's largest bank, Sber, plans to accept Bitcoin, Ether, and USDT as collateral for loans, aligning with the country's new crypto regulations. Concurrently, Sber's CFO expressed skepticism regarding public demand for Russia's digital ruble.
Impersonation scams, where fraudsters pose as banks or other trusted entities, are becoming more costly, with average losses per victim rising despite a slight decrease in reported incidents.
US to Cut Off UAE Branches of Egypt's Banque Misr Over Iran Ties
US to cut off UAE branches of Egypt's Banque Misr over Iran ties, as part of economic sanctions against Iran.
Central Bank of Egypt warns against sharing OTP codes to avoid fraud and expose bank accounts to risks.
The Bank for International Settlements (BIS) General Manager, Pablo Hernández de Cos, stated that stablecoins lack credibility for payments at scale, advocating for tokenized bank deposits as a superior alternative. His comments coincide with a new Financial Stability Ins…
JPMorgan Chase's Kwang Shinsang downplays regulatory hurdles and sees Hong Kong's competitiveness as a major wealth management hub remain intact despite recent mainland investment curbs.
BOP announces record first-half 2026 results with highest-ever interim dividend of 16%
Visa and Dunamu, the parent company of South Korean crypto exchange Upbit, have partnered to explore stablecoin payments, cross-border remittances, and AI-powered commerce. The collaboration aims to integrate digital assets with traditional finance through Visa's global n…
BOJ deputy chief calls for more rate hikes on inflation risks
Bank of Japan Deputy Governor Ryozo Himino advocated for continued interest rate hikes, citing inflation risks from a weaker yen, higher crude oil, and semiconductor prices, with markets widely anticipating a September rate increase.
SBP reports net profit of Rs 1,990 billion in FY26, with Rs 1,932 billion remitted to federal govt.
UK plans to expand Bank of England's mandate to support digital payments innovation, including stablecoins, while maintaining financial stability.
The Financial Conduct Authority (FCA) is expanding its crackdown on non-financial misconduct, including bullying and harassment, to nearly 40,000 City firms, requiring them to report serious cases to the regulator and future employers.
Guo Hongwei, former Party Secretary and Chairman of Hongdong County Rural Commercial Bank in Shanxi, who fled China in January 2025, has surrendered overseas and been repatriated, following an Interpol Red Notice and international cooperation.
Revolut has launched its first euro-pegged stablecoin, EURR, for select customers in Denmark, Poland, and Portugal, with plans for a wider European Economic Area rollout.
Firms in Spain and Portugal are investing in battery power backup systems to avoid disruption from power cuts. The move comes after a massive power failure in April 2025 caused chaos across the Iberian peninsula.
Young people are increasingly turning to prescription pills as a substitute for alcohol, with some even selling them online. The trend has raised concerns about the potential risks and consequences of this behavior.
OCBC Bank's assistant vice-president of customer relations Norlela Samad shares her experience in handling scam cases and the importance of educating the public about such matters.
Two major Chinese suppliers to Apple posted divergent first-half results, underscoring how soaring memory prices are squeezing profits even as component makers pin their hopes on upcoming iPhone releases for a second-half rebound.
EquityZen's Phil Haslett discusses the evolution of the secondary market, AI companies commanding premiums, and the IPO market beyond its biggest names.
Kenya: Equity Rolls Out Payment, Financing Options As Schools Reopen
Equity Bank has introduced a range of payment and financing solutions for parents, students, merchants, and suppliers in Kenya to alleviate financial pressure during the school reopening period. These offerings include various fee payment channels, cashless student cards,…
Germany's Girocard achieved record transaction numbers in the first half of the year, with consumers using the card approximately 4.21 billion times. Contactless payments are booming, accounting for 92 percent of all Girocard transactions in June, and the average transact…
A recent study published in the journal Nature Astronomy suggests that cosmic red dots may be located in dense host galaxies. The research team used data from the James Webb Space Telescope to detect faint optical emission around these red dots, which could indicate the p…