Topic
banking
60 stories related to this topic, newest first.
crowdfundinsider.comai5 hrs ago
Royal Bank of Canada Expands Credit Derivatives Trading in US and Europe
@business reported that Royal Bank of Canada is growing its credit derivatives operations on two continents. The bank links the move to expected hedging demand from large-scale artificial intelligence investments.
americanbanker.compolitics5 hrs ago
U.S. Regulators Tell Banks to Review Lending to Immigrants Without Work Permits
Three federal agencies on Monday urged banks to review credit risks for mortgages, auto loans and credit cards issued to immigrants lacking U.S. work authorization. The move follows a May executive order from President Trump directing regulators to address such lending.
Forbesbusiness8 hrs ago
Warren Asks Dimon About Epstein Ties and 2009 UK Bankers’ Tax Call
Sen. Elizabeth Warren sent a letter to JPMorgan Chase CEO Jamie Dimon last week asking about his interactions with Jeffrey Epstein. The Senate Banking Committee published the letter Monday after the Financial Times reported the outreach Sunday.
Japan Timesbusiness16 hrs ago
Mitsubishi UFJ Financial Group Tops Japan Market Cap Rankings
Mitsubishi UFJ Financial Group became Japan’s most valuable company by market capitalization on Monday. Its shares closed at ¥3,541, pushing the total value above ¥42 trillion.
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news.google.compolitics1 day ago
Russia's federal budget deficit reached 6 trillion rubles by end of May, exceeding full-year projection
A European intelligence report details rising loan defaults and a widening fiscal gap. The finance ministry is preparing to tap pension savings while banks flag debt risks.
Yonhapfinance2 days ago
Four BRVM Stocks Rise Over Seven Days, Led by Ecobank's 36 Percent Gain
Four companies listed on the Bourse Régionale des Valeurs Mobilières recorded price increases between 5.32 percent and 36.17 percent over the past seven days. Ecobank Transnational Inc posted the largest advance, reaching 64 XOF per share.
bleedingcool.combusiness3 days ago
Circle Receives OCC Approval for National Digital-Currency Trust Bank Charter
Circle has received approval to establish a national digital-currency trust bank. The charter supports its stablecoin business and adds institutional custody services under a single federal trust charter. It also places USDC infrastructure under direct federal oversight for the f…
Semaforworld4 days ago
ING Receives Client Inquiries on Venezuelan Natural Resource Deals After U.S. Sanctions Eased
@business reported that ING is receiving numerous client inquiries to support Venezuelan natural resource deals. The activity coincides with Venezuela's efforts to update exports following years of U.S. sanctions.
winnipegfreepress.comai4 days ago
Monumint Raises $3.2 Million After Pivoting From OmniAI to Bank AI Agents
The startup pivoted from its prior OmniAI product and secured backing from FundersClub, Y Combinator, and Imagination Capital. It now has 20 paying customers and plans to expand engineering and sales teams.
app.buzzsumo.comai5 days ago
JPMorgan Chase Partners With SambaNova Systems for On-Premise AI Hardware
JPMorgan Chase is partnering with SambaNova Systems to deploy on-premise AI hardware instead of relying on third-party cloud services. SambaNova recently raised $1 billion, reaching an $11 billion valuation.
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world5 days ago
Japan's Largest Corporate Bankruptcy of the Year Hits Credit-Card Processor and Its 200,000 Merchants
Zentoshin, which served 200,000 shops, filed for bankruptcy on Monday. The filing marks Japan's largest corporate bankruptcy this year and will force writedowns at five regional banks.
Yonhapworld5 days ago
South Korean Banks Offer Emergency Loans to Homeplus Suppliers After Court Ends Rehabilitation
Major commercial banks on July 8 offered low-interest loans and rate discounts to suppliers of Homeplus Co. The measures follow the Seoul Bankruptcy Court's decision last week to terminate the retailer's rehabilitation proceedings.
cnet.comfinance5 days ago
Top Money Market Account Rate Reaches 5.00% on July 8, 2026
The highest available money market account rate stands at 5.00% as of July 8, 2026, compared with a national average of 0.47%. Rates are set by individual banks and can change with broader economic conditions.
marketscreener.combusiness6 days ago
Banks explore acquiring network to bypass debit-card fee caps
Several large banks have held talks about purchasing a network owned by a fintech company. The move would allow them to avoid fee limits set by a 2010 law.
americanbanker.comai6 days ago
Bank of England says artificial intelligence poses financial stability risk
The Bank of England warned that artificial intelligence could threaten financial stability. Officials cited rapid adoption and limited oversight as key concerns.
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livemint.comworld6 days ago
Hong Kong to Raise RMB Lending Quota for Banks to 500 Billion Yuan From July 10
The Hong Kong Monetary Authority will expand its RMB Business Facility quota by 1.5 times and extend loan tenures starting Friday. Regulators also announced plans for a new electronic fixed income and currency trading platform.
coindesk.combusiness6 days ago
Nine UK Banks Agree to Ease Basic Account Access After FCA Review
Nine banks and building societies committed to offering basic accounts on the first attempt and simplifying access for customers without fixed addresses or standard identification. The changes follow a Financial Conduct Authority examination of 298 interactions that found 34 perc…
The Independentbusiness7 days ago
Banks and building societies top UK customer satisfaction index for first time
Banks and building societies scored 82.0 out of 100 on the latest UK Customer Satisfaction Index, surpassing non-food retail at 81.0 and food retail at 80.6. Nationwide Building Society led individual brands with 87.3, followed by John Lewis at 87.1.
coindesk.combusiness7 days ago
UK Banks Pledge Fixes After FCA Finds One-Third of Basic Account Interactions Poor or Very Poor
The Financial Conduct Authority found around a third of basic bank account interactions rated poor or very poor in a 298-interaction mystery shopping exercise. Nine major banks and building societies have agreed to individual improvement plans and collective commitments to addres…
business7 days ago
Sberbank Plans Crypto Wallet and Digital Depository by December 2026
Russia's largest bank will add cryptocurrency services to its Sberbank Online and SberInvestments platforms after new legislation takes effect in September. The move follows years of shifting Russian policy on digital assets.
deadline.combusiness9 days ago
JPMorgan Elevates Two Executives to Co-Presidents and Announces Retirement of Consumer Banking CEO
Fortune reported that JPMorgan elevated two executives to co-presidents while announcing the retirement of consumer banking CEO Marianne Lake. The move follows years of internal succession planning under CEO Jamie Dimon.
cnbc.comfinance10 days ago
JPMorgan executive retires after bank names two co-presidents
A senior JPMorgan executive is retiring after learning three days before a public announcement that two colleagues had been elevated above her in the CEO succession process. She will forgo approximately $50 million in unvested stock by leaving before the shares vest.
news.sky.comai10 days ago
Starling Bank to cut 130 jobs and increase AI spending
The digital-only bank will eliminate 3% of its workforce as part of a restructuring aimed at reducing duplicate roles. It will continue hiring in technology and artificial intelligence while consulting affected staff.
news.google.comworld10 days ago
Philippine Banks and E-Wallets Must Meet New Digital-Transfer Pricing Rules by July 2026
BSP-supervised institutions must comply with Circular No. 1238 by July 4, 2026. The rules limit price differences between on-us and off-us transfers and ease merchant onboarding.
nypost.compolitics11 days ago
Warren Questions Eric Trump on Re-Filing Dismissed Capital One Lawsuit by July 17 Deadline
Sen. Elizabeth Warren sent a letter Thursday to Eric Trump asking whether the Trump family plans to re-file its 2025 lawsuit against Capital One. The inquiry is linked to her review of a Capital One executive nominated to lead the CFPB.
winnipegfreepress.combusiness11 days ago
Andy Burnham Seeks Household Support While Bank Tax Debate Revives Competitiveness Concerns
The new Labour MP for Makerfield said Monday he would seek extra help for cash-strapped households without risking public finances. The Trades Union Congress proposed raising £9bn over four years by reversing a prior cut to the bank surcharge.
cointelegraph.combusiness12 days ago
Crédit Agricole issues 20 million euro-pegged tokens on Ethereum
The French bank introduced EURXT with 20 million tokens in circulation, backed 1:1 by euro reserves. The token has already settled a subscription into a tokenized Amundi money market fund.
The Independentbusiness12 days ago
Lloyds Banking Group to End Halifax Brand After 173 Years
Lloyds Banking Group will phase out the Halifax brand and move all customer accounts to Lloyds. The change follows reports in May that the group was considering dropping Halifax as a separate brand.
Rapplerworld12 days ago
BPI Expands Cash Services to 1,369 Partner Stores
Bank of the Philippine Islands customers can now deposit and withdraw cash without fees at more than 1,360 partner stores. The service covers supermarkets, convenience stores, pharmacies, and gas stations. BPI also plans to add account opening at these locations.
world12 days ago
South Korean Household Loans at Five Major Banks Rise 4.137 Trillion Won in June
Outstanding household loans at the country's five largest banks reached 774.96 trillion won as of June, the largest monthly increase in 11 months.
New York Postfinance13 days ago
Lawsuit Plaintiff Ordered to Use Real Name in JPMorgan Case
A plaintiff who filed a lawsuit against a JPMorgan manager alleging sexual abuse has been ordered to proceed under his own name. Court records show the plaintiff replaced the John Doe pseudonym after a motion to remain anonymous was denied.
teslarati.comworld13 days ago
European Authorities Recognize Indian Clearinghouse, Allowing Deutsche Bank and BNP Paribas Direct Trading in Government Bonds
European authorities formally recognized India’s sovereign debt clearinghouse as a permitted trading counterparty. The step eases bond trading for Deutsche Bank and BNP Paribas in India.
americanbanker.combusiness14 days ago
JPMorgan Supports Digital-Asset Legislation but Seeks Bank-Like Stablecoin Rules
JPMorgan published a blog post on June 29, 2026, supporting legislation to regulate digital assets while urging capital, liquidity and consumer-protection standards for stablecoins. The bank also warned against features such as rewards on stablecoin balances.
livemint.comworld14 days ago
Palestinian Banks Shift to Electronic Payments
Palestinian banks are increasing use of electronic payments as limits on returning surplus shekels to Israeli banks create a liquidity strain. Officials say the shift is part of a broader plan to reduce cash transactions over two years.
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americanbanker.combusiness14 days ago
FundBank Group rebrands as IRACE Digital and acquires Tenet Bank
FundBank Group has rebranded as IRACE Digital and acquired Cayman Islands-based Tenet Bank. Former Zodia Custody CEO John Cronin was appointed global CEO as the firm expands into digital asset custody and related services.
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livemint.combusiness14 days ago
JPMorgan Chase Names Petno and Rohrbaugh Co-Presidents After Consumer Banking CEO Retires
JPMorgan Chase elevated Doug Petno and Troy Rohrbaugh to co-presidents last week. The moves position the pair to compete for the CEO role held by Jamie Dimon. Marianne Lake announced her retirement from the consumer banking unit.
world14 days ago
Bank of the Philippine Islands to End Fees for InstaPay and PESONet Transfers Starting July 1
BPI will remove charges for interbank transfers on its app and other channels starting July 1. The move follows a Bangko Sentral ng Pilipinas circular that ended a five-year moratorium on fee changes.
news.sky.comworld14 days ago
Abdi Mohamed Resigns as Absa Bank Kenya Chief Executive
Abdi Mohamed resigned as managing director and chief executive of Absa Bank Kenya after 32 years of service. The bank named Chief Financial Officer Yusuf Omari as acting chief executive. The departure follows a year in which the lender recorded a net profit of Sh22.9 billion.
theiranproject.combusiness14 days ago
Iran Central Bank Says It Played No Role in Four Banks’ Switch to New Tech Providers After Disruptions
Iran's central bank said Monday it had no role in choosing technology service providers for four banks hit by recent disruptions. The bank added that higher authorities had allowed the institutions to use other active IT companies to restore services quickly and warned of potenti…
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americanbanker.comworld14 days ago
Japanese Regional Banks Begin Loans Secured by Intangible Assets and Growth Potential
Regional banks have begun providing loans backed by companies' intangible assets and recovery prospects under a May 2026 law. Toho Bank, North Pacific Bank and Shimizu Bank each extended financing to local firms after evaluating technical expertise, scenic assets and environmenta…
yna.co.krworld15 days ago
Financial Sector Overseas Real Estate Holdings Rose in Q4
South Korean financial institutions held 55.9 trillion won in overseas real estate investments at the end of December, an increase of 800 billion won from the prior quarter. Insurers accounted for the largest share, followed by banks and securities firms.
business16 days ago
JPMorgan Names Rohrbaugh and Petno Co-Presidents
JPMorgan elevated Troy Rohrbaugh and Doug Petno to co-presidents on Thursday. The moves position the pair as leading candidates to succeed CEO Jamie Dimon. Marianne Lake is retiring as head of consumer and community banking.
riotimesonline.comfinance17 days ago
Top Money Market Account Rate Reaches 5.00% on June 26, 2026
The highest available money market account rate stands at 5.00% while the national average remains 0.47%. Rates can shift when the Federal Reserve changes policy or when individual banks adjust offerings.
Rapplerworld17 days ago
Philippine Central Bank Allows Banks to Exclude Paper Losses From Capital Calculations Through End of 2026
The Bangko Sentral ng Pilipinas issued Memorandum No. M-2026-027 on June 26 permitting banks to exclude unrealized losses on government securities from regulatory capital through December 31. The step responds to volatility tied to the Middle East conflict. Rating agencies and a…
business18 days ago
JPMorgan Names Petno and Rohrbaugh Co-Presidents
Doug Petno and Troy Rohrbaugh were appointed co-presidents Thursday, positioning them as frontrunners to succeed CEO Jamie Dimon. The move narrows a field that included three women less than two years ago.
chicago.suntimes.comfinance18 days ago
JPMorgan Chase to Double Community Center Branches in Low-Income Areas
JPMorgan Chase will expand its Community Center program by doubling the number of specialized branches and hiring 150 additional community managers. The centers provide financial education workshops in low- and moderate-income neighborhoods.
cnbc.combusiness17 days agoUpdated
JPMorgan Chase Names Petno and Rohrbaugh Co-Presidents as Lake Retires
Doug Petno and Troy Rohrbaugh were appointed co-presidents of JPMorgan Chase effective immediately. Marianne Lake is retiring after 25 years, with Rohrbaugh succeeding her as CEO of Consumer & Community Banking.
Financial Timesfinance18 days ago
JPMorgan Promotes Two Executives to Lead Major Divisions
The bank assigned two senior leaders to run its largest business units after one division head departed. The moves follow an internal restructuring announced by the company.
pymnts.combusiness18 days ago
UK banks develop digital verification service for customer transactions
UK Finance is supporting six major banks to create a digital verification service that lets customers share verified personal details through banking apps. The service would allow secure data sharing with third parties for purchases, age checks, property deals and account opening…
news.google.combusiness18 days ago
Maybank Seeks to Raise Singapore Revenue Share from 20% to 30% by 2030
Singapore contributes 20 percent of Maybank’s annual revenue. Country CEO Alvin Lee targets growth through wealth products for an aging population and cross-border financing.
The Independentbusiness20 days ago
Starling Bank Adds Scam-Detection Tool to Mobile Banking Assistant
Starling Bank has expanded its in-app assistant with a scam-intelligence feature that asks customers questions about planned transfers. The tool, first introduced in 2025, now covers romance scams and other fraud types.
fintechnews.hkfinance20 days ago
Chainlink Joins Banks in Project Pangea for Stablecoin Cross-Border Payments
Chainlink joined a coalition of 47 European and South Korean banks to test stablecoin settlement of foreign-exchange trades. The project targets near-instant settlement on a new blockchain network while using existing bank messaging systems.
middleeasteye.networld20 days ago
Cyberattacks disrupt card services at three Iranian banks
Iran's state-owned banking technology provider reported cyberattacks that temporarily halted card operations at Bank Melli, Bank Saderat, and Bank Tejarat. The provider said the suspension aims to block further unauthorized access.
AJ
Substrate placeholder — needs reviewbusiness21 days ago
Santander UK Offers 8% Interest on New Regular Saver Account
Santander UK has introduced a regular saver account paying 8% AER for the first 12 months. The account is open to all current account customers and limited to £200 per month.
techcentral.co.zatechnology22 days ago
Lloyds Banking Group to Hire 300 AI Specialists While CEO Signals Future Job Reductions
The bank aims to expand its AI team to 1,000 staff by September. The move comes weeks before chief executive Charlie Nunn unveils a new multi-year strategy.
forbes.comfinance22 days ago
Royal Bank of Scotland Offers £200 Switching Bonus for Select and Reward Accounts
Royal Bank of Scotland will pay £200 to eligible customers who open a Select or Reward account and complete a full switch using the Current Account Switch Service. The offer excludes customers who held a Royal Bank account on May 6, 2026, and those who previously received a NatWe…
houstononthecheap.comworld24 days ago
Juneteenth Holiday Closes Banks and Markets but Keeps Most Retail Open
Federal holiday on June 19, 2026, will close banks, the stock market, and U.S. Postal Service operations. Most major retailers and restaurants plan to operate normal hours, though local schedules may vary.
The Independentbusiness24 days ago
Redemption Bank Launches Debit Card for Single Mothers in Subsidized Housing, Pledging Fixed Annual Donations to Cash-Aid Nonprofits
Redemption Bank introduced the Bank King Card debit card on June 19, 2026, for single mothers in government-subsidized housing. The bank will donate a fixed annual amount from each new account to nonprofits providing direct-cash services.
nypost.compolitics25 days ago
House and Senate Reach Compromise on 21st Century Road to Housing Act
Lawmakers agreed on 45 provisions across 381 pages, including nine community banking measures. The average 30-year fixed mortgage rate fell to 6.47 percent this week.
finance26 days ago
Interest Rates on $50,000 CDs and High-Yield Savings Accounts Compared
Interest earned from a $50,000 deposit in a certificate of deposit or high-yield savings account will be similar but not identical over the next year. CBS News reported details on both account types.