Finance News – Banks
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US crypto legislation drives $4B surge in stablecoin supply
Clearer regulations in the United States have encouraged financial institutions and cryptocurrency companies to introduce additional stablecoin offerings, resulting in a substantia...
Read Full Article →Crypto, fintech lobbies urge Trump to defend open banking amid big banks’ legal challenge
Industry groups emphasize that protecting open banking is crucial for maintaining competitive financial services and ensuring continued innovation that benefits consumers and the o...
Read Full Article →CryptoExpat – Plan Your Crypto Expatriation the Smart Way
Increasing regulatory pressures, account restrictions, and privacy concerns are making it financially risky to remain in certain jurisdictions with significant cryptocurrency holdi...
Read Full Article →Lloyds boss warns Reeves against hiking taxes on banks as profits rise 17%
Charlie Nunn emphasized that raising levies on financial institutions amid their increasing earnings could undermine government efforts to stimulate economic expansion.
Read Full Article →3 Big Banks Just Boosted CD Rates—Here’s Why That’s Surprising Right Now
Several major financial institutions recently increased interest rates on certificates of deposit, which is notable given the current economic conditions and prevailing trends in t...
Read Full Article →Miners drive modest gain for ASX, banks slump; Insignia agrees to $3.3b takeover
The stock market experienced a slight increase as mining companies benefited from higher iron ore prices, while banking stocks declined and Insignia announced a $3.3 billion acquis...
Read Full Article →Inflation's Up—Make Sure Your Money Isn't Quietly Shrinking
Current inflation at 2.7% outpaces the interest earned from many traditional savings accounts, prompting individuals to consider other options that help preserve or grow their purc...
Read Full Article →He refinanced his mortgage to settle high-interest debts. CIBC and CMHC repaid an interest-free loan...
Refinancing a home loan to address costly obligations demonstrates how relying on third-party insurers in property deals can introduce financial uncertainties for borrowers and len...
Read Full Article →GENIUS Act blocks Big Tech, banks from dominating stablecoins: Circle exec
The GENIUS Act introduces regulatory measures designed to prevent major technology firms and financial institutions from controlling the stablecoin sector, promoting a more balance...
Read Full Article →Global week ahead: Banking bellwethers and a tariffs waiting game
Financial markets will closely monitor major European banks’ performance next week, as their results and trade policy developments could significantly influence investor sentiment...
Read Full Article →Corporate America keeps calling consumers ‘resilient.’ Consumers beg to differ.
Despite widespread reports of financial strain among Americans, consumer spending remains steady enough to sustain strong profits for many large corporations across various industr...
Read Full Article →Banks are thriving so far in Trump’s economy. Here's what that means for markets and the consumer
Financial institutions have shown strong performance under current economic conditions, which could influence investor confidence and impact consumer spending patterns in the near...
Read Full Article →Goldman Sachs, Morgan Stanley earnings beats were fueled by trading surge as deal pipelines grow
Despite surpassing profit expectations driven by increased trading activity and expanding deal flow, shares of Goldman Sachs and Morgan Stanley declined as investors appeared cauti...
Read Full Article →The Guardian view on Reeves’s trickle-down economics: deregulation dressed as economic renewal | Edi...
The recent policy proposals signal a shift toward prioritizing financial sector growth through eased regulations, potentially affecting market stability and limiting focus on broad...
Read Full Article →Dow Jones Today: Stocks Wobble as Trump's War With Fed Chair Powell Rages On; Banks in Focus After F...
Market fluctuations occurred amid ongoing tensions between political leadership and Federal Reserve officials, while recent earnings disclosures from banking institutions drew sign...
Read Full Article →How a Russian national allegedly laundered $530M in crypto via Tether
Iurii Gugnin is accused of using fraudulent paperwork to circumvent sanctions and move $530 million in cryptocurrency, thereby misleading financial institutions in the United State...
Read Full Article →Aave elbows US banks aside with record $50b in net deposits
Aave's achievement of over $50 billion in deposits marks a notable shift in the financial landscape, highlighting the growing scale and influence of decentralized finance platforms...
Read Full Article →CRYPTO DIPS, STOCKS KEEP HITTING ATHS, SHARPLINK TOP ETH HOLDER
Significant institutional investments and regulatory advancements are driving growing adoption and market integration of cryptocurrency, influencing financial markets despite recen...
Read Full Article →Savers to be targeted with offers to invest in shares under new plans
The Treasury announced that financial institutions will provide customers with information on investment opportunities, accompanied by a promotional effort aimed at encouraging par...
Read Full Article →US Federal agencies outline key risks for banks eyeing crypto custody
US financial regulators highlight that banks managing cryptocurrency holdings may encounter significant legal and financial responsibilities in cases where digital assets are mispl...
Read Full Article →OCC, Fed, FDIC publish joint guidance for banks offering crypto custody
The recent collaboration among major financial regulators provides clarity on how banks should manage the safekeeping of digital assets, potentially influencing risk management and...
Read Full Article →Federal Reserve, FDIC and OCC clarify crypto custody rules for banks
U.S. banking authorities have provided detailed guidance on managing digital asset holdings, which may impact banks' ability to offer related services and influence the financial i...
Read Full Article →Federal Reserve, FDIC and OCC clarify rules for banks holding crypto for customers in joint statemen...
U.S. banking regulators outlined how current regulations impact financial institutions managing digital assets for clients, providing greater clarity on compliance and risk managem...
Read Full Article →Andrew Bailey cautions banks against issuing their own stablecoins
The Bank of England governor highlighted potential risks associated with banks creating asset-backed digital currencies, emphasizing careful evaluation of their impact on financial...
Read Full Article →Stablecoins threaten financial stability, says Bank of England governor Andrew Bailey
Andrew Bailey emphasized that without adequate oversight, digital assets pegged to traditional currencies could introduce systemic risks that undermine the overall resilience of th...
Read Full Article →Rachel Reeves urged to make ‘bold choices’ at Mansion House speech as growth stalls
Industry leaders anticipate that Rachel Reeves’ upcoming Mansion House address and the introduction of her new strategy could influence important financial policies amid concerns a...
Read Full Article →Senior MPs condemn banks quango chair over dodging questions
The leadership dispute within the Financial Ombudsman Service highlights concerns about accountability in an organization crucial for resolving financial disputes between consumers...
Read Full Article →Bank of England boss warns banks against issuing stablecoins amid global scrutiny
The Bank of England’s chief highlighted potential risks associated with stablecoins and advised caution toward Bitcoin, emphasizing concerns about their stability and lack of tradi...
Read Full Article →Banks shut eight branches a week since 2016
The closure of numerous bank locations over recent years reflects a strategic shift towards digital services, resulting in reduced physical access that may impact local economies a...
Read Full Article →Germany’s top banks managing $4.5 trillion+ in assets are going crypto—Here’s what to watch
Major German financial institutions overseeing trillions in assets plan to introduce regulated cryptocurrency trading and custody services by 2026, marking a significant developmen...
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