Topic
banks
60 stories related to this topic, newest first.
New York Postbusiness3 hrs 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.
finance5 hrs ago
Wall Street Analysts Begin Coverage of SpaceX After IPO Quiet Period Ends
Analysts at three major banks issued initial price targets for SpaceX ranging from $205 to $800. The coverage follows the conclusion of the company's IPO quiet period.
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South China Morning Postworld13 hrs 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.
koreaherald.comworld22 hrs ago
South Korea 2026 GDP Growth Forecasts Average 3 Percent After Upward Revisions
Eight major global investment banks lifted their average projection for South Korea's 2026 GDP growth to 3.0 percent by the end of June. The revision follows record June exports led by semiconductor shipments tied to AI demand.
news.google.combusiness22 hrs 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 Independentbusiness23 hrs 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.
The Independentbusiness23 hrs 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…
Usa Todaypolitics1 day ago
Former Jackson Mayor and Three Other Officials Plead Guilty in Bribery Case
Chokwe Antar Lumumba admitted to accepting $50,000 in disguised campaign contributions to alter a project deadline. Former city council member Aaron Banks entered a guilty plea the same day in the same federal case.
abcnews.go.comworld1 day ago
National Weather Service Issues Heat Advisories for Parts of Northern Alaska
The National Weather Service in Fairbanks issued heat advisories for Alaska's Western and Central Arctic Plains and Yukon Flats as temperatures are forecast to reach 80 to 85 degrees Fahrenheit early this week. Advisories run through Tuesday for the Arctic Plains and through Wedn…
forbes.comfinance3 days ago
World Central Banks Buy 41 Tonnes of Gold in May, Largest Addition Since November 2025
@KobeissiLetter reported world central banks purchased 41 tonnes of gold in May after 17 tonnes in April. Poland led with 18 tonnes and China added 10 tonnes, its largest monthly purchase since December 2024.
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world4 days ago
Congress Weighs Permanent Local Food Purchase Program in Farm Bill
Senators introduced legislation modeled on two pandemic-era programs that ended in March 2025. The proposals would let states and tribes buy food from local producers for schools and food banks, with 10 percent of funds reserved for tribes.
news.google.comworld4 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.
abcnews.go.comfinance5 days ago
Treasury Sanctions Nine Firms and Two Men Tied to Jalisco Cartel Fuel Theft
The U.S. Treasury imposed sanctions on two Mexican men and nine companies accused of operating a fuel-theft network linked to the Jalisco New Generation Cartel. Treasury also issued an alert to banks about patterns of fuel smuggling from the U.S. into Mexico.
cnbc.comfinance5 days ago
US Jobs Rose 57,000 in June While Unemployment Fell to 4.2 Percent
The US added far fewer jobs than forecast while the unemployment rate edged lower. Eurozone unemployment held at a record low. Central banks took different policy paths in June.
freepressjournal.inbusiness5 days ago
India Plans Stake Sales in Eight State Firms After Oil-Price Spike from Iran War
India is speeding up plans to sell stakes in eight state-owned companies, including major insurers and banks, to raise billions of dollars. The sales aim to cover higher energy import bills after supply disruptions from the Iran war.
freepressjournal.inbusiness5 days ago
Japanese Banks Arrange $496 Million Financing for India High-Voltage Transmission Line
OilPrice.com reported that three Japanese banks will arrange syndicated financing for a high-voltage transmission line in India. The project is the first under a new regional energy cooperation framework. It aims to support India's expanding renewable power capacity.
forbes.combusiness6 days ago
Ethereum Institutional Nonprofit Launches to Accelerate Institutional Adoption
A new independent nonprofit called Ethereum Institutional launched July 1 to serve as a neutral contact point for banks and asset managers evaluating Ethereum for tokenization and stablecoins. It is led by former Ethereum Foundation executive David Walsh along with Marius Smith a…
themarketherald.com.aufinance6 days ago
Gold Falls Over 16 Percent in Worst Quarter Since 2013 While Central Banks Signal Further Buying
Gold futures dropped 1.24 percent on Wednesday while spot prices declined 0.82 percent. The metal posted a 16 percent loss for the second quarter, its largest since 2013. Silver prices also declined.
world6 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.
americanbanker.comfinance8 days ago
Crypto-Backed Lending Totals $67 Billion After 2022 Failures, Ledn Issues First Rated Bitcoin ABS
Silicon Valley Bank reported that bitcoin lending has grown to $67 billion after shifting toward overcollateralization and transparency following 2022 failures. Ledn issued the first investment-grade BTC-backed security for $188 million. Several major U.S. banks now offer bitcoin…
livemint.comworld8 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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theiranproject.combusiness8 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.comworld8 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.krworld9 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.
riotimesonline.comfinance11 days ago
Sonangol Secures $2.65 Billion Loan from International Banks
Angola's state oil company closed a $2.65 billion financing package last week to cover operating costs and capital spending. The deal follows a $1.75 billion facility from Afreximbank in January and a $750 million bond sale earlier this year.
Semaforbusiness11 days ago
Treasury Secretary Bessent Leads AI Policy Push After Banks Flag Risks to Fed Payment Systems
Scott Bessent met bank CEOs and the Fed chair in April to address risks from advanced models like Anthropic’s Mythos. An executive order later assigned Treasury oversight of a new cyber clearinghouse for AI reviews.
riotimesonline.comfinance11 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.
Rapplerworld11 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…
finance11 days ago
Gold Trades Near $4,000 an Ounce After Doubling Since Early 2024 and Then Dropping 30 Percent From Record
Spot gold fell to around $4,025 a troy ounce early Friday, extending a decline that has erased 30 percent from January's intraday peak near $5,600. Major banks have lowered their 2026 price forecasts in response.
thegadgetflow.combusiness11 days ago
UK aviation regulator advises against power banks in hold luggage
The Civil Aviation Authority has reminded passengers to carry lithium battery devices in cabin luggage as the number found in checked bags nearly doubled in a year. Officials cite fire risk as the top aircraft safety concern ahead of the summer holiday period.
pymnts.combusiness12 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…
usethebitcoin.comworld12 days ago
Nigeria Orders Banks to Freeze Assets of Terrorism Financiers
The Federal Government directed financial institutions and designated non-financial businesses to freeze assets linked to terrorism financing. The order follows U.S. sanctions on a Nigerian financier and three currency exchange firms.
Usa Todaybusiness13 days ago
U.S. Mint to Release 250,000 Special July 4th Quarters Randomly into Circulation
The United States Mint will produce and randomly distribute 250,000 2026 Declaration of Independence quarters bearing a 'July 4th' privy mark. The coins carry no mint mark and will reach banks nationwide ahead of the holiday.
fintechnews.hkfinance14 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.networld14 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.
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9to5toys.comtechnology14 days ago
Amazon Prime Day Sale Begins With Discounts on Electronics and Home Goods
Amazon's annual summer sale opened with price cuts on tested products including tablets, wireless earbuds, and power banks. The event started earlier than usual to precede July 4 promotions.
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Semaforworld15 days ago
Botswana Finalizes $100 Million Financing for 100-Megawatt Solar Plant to Export Power Regionally
Botswana obtained financing for its first large-scale solar plant. The Tati project will sell power regionally starting next year. South African banks assisted with the arrangements.
ibtimes.co.ukfinance17 days ago
Equal Number of Central Banks Raised and Cut Rates in May
@KobeissiLetter reported that 26 of 52 central banks worldwide raised rates and 26 lowered them in May, ending two years of net easing.
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pbs.orgtechnology17 days ago
Cuba Approves 176 Measures to Expand Private Business and Decentralize Economy
Cuban authorities announced 176 economic measures that allow private businesses, foreign trade without state intermediaries, and private banks. The changes come as the government faces an energy embargo and prolonged blackouts.
Forbessports17 days ago
Phillies Select Bryse Wilson, Recall Seth Johnson, Option Tanner Banks
The Phillies added right-handers Bryse Wilson and Seth Johnson to the active roster on June 19, 2026, while optioning left-hander Tanner Banks and placing outfielder Adolis Garcia on the 60-day injured list.
houstononthecheap.comworld18 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 Independentsports18 days ago
Ben Stokes Arrives at Riverside Ground for Durham Return
England captain Ben Stokes reached the Banks Homes Riverside ground at 8.40 a.m. Friday to prepare for a four-day match against Northamptonshire.
The Sydney Morning Heraldbusiness18 days ago
West Wits Mining secures A$96.7 million loan package for South African gold project
West Wits Mining has finalized loan agreements totaling A$96.7 million with two South African banks to fund development of the Qala Shallows gold mine. The financing covers a senior loan, working capital facility, and cost overrun buffer.
thehindu.comworld18 days ago
Cuba approves 176 measures to expand private enterprise and foreign trade
Cuban authorities have enacted 176 economic measures that decentralize state control, allow private banks, and open imports and exports to non-state actors. The changes mark the largest shift in the island’s economic model since the 1959 revolution.
thehindu.compolitics18 days ago
Cuba proposes over 175 measures to expand private enterprise
Cuba's prime minister presented more than 175 proposed measures to lawmakers on Thursday that would allow private real estate development, convert state businesses into private ventures, and permit private banks. The measures also include selling state-owned properties to nationa…
Benzingafinance19 days ago
Goldman Sachs and Morgan Stanley to Advise Both OpenAI and Anthropic on Possible IPOs
The banks are building separate coverage groups for the two AI companies. They plan to keep the teams walled off while working on both potential stock market debuts.
Fortunefinance20 days ago
Startup Raises $15 Million for WhatsApp-Based Credit Card Targeting Non-U.S. Clients
Miami-based Karta announced a $15 million Series A funding round and a $125 million debt facility. The company is developing a premium Visa card accessible primarily through WhatsApp for international clients holding assets in U.S. banks.
thehindubusinessline.comworld21 days ago
Central banks increase gold holdings over geopolitical tensions
Nearly nine in ten central banks expect global gold reserves to rise over the next year. The World Gold Council survey also found more institutions moving gold storage to domestic locations.
Fortunebusiness21 days ago
Vietnam Targets 10% Annual Growth by 2030 but Faces Lower Official Forecasts and $200 Billion Infrastructure Gap
Techcombank CEO Jens Lottner says local banks cannot finance the full investment needed. The bank has committed $3 billion to projects launched in the past six months.
Fox Newspolitics22 days ago
Coalition of Conservative Groups Urges Senate Passage of Pornography Age-Verification Bill
Two dozen conservative groups are backing legislation introduced Tuesday by Sen. Jim Banks that would require pornography websites to verify users' ages. The letter cites exposure rates among minors and market growth data.
Benzingabusiness23 days ago
Scooter's Coffee Grew From $40,000 Kiosk to 900 Stores, $859 Million Sales
Don and Linda Eckles opened the first Scooter's Coffee location in Omaha in 1998 after banks rejected their plan. The chain now operates more than 900 locations across 32 states.
New York Postfinance25 days ago
Couple Files Amended Complaint Seeking $15 Billion From Barclays and HSBC in Trust Dispute
Tanya Dick-Stock and Darrin Stock filed an amended complaint in Colorado federal court alleging the banks enabled the diversion of trust funds into money-laundering schemes.
The Independentpolitics25 days ago
Treasury Issues Bank Guidance on Customer Data Sharing
The Treasury Department issued new guidance Friday allowing banks to share customer information more quickly and for additional reasons. The changes follow an executive order directing regulators to examine signs that customers may lack legal immigration status.
upi.compolitics25 days ago
Justice Department Investigates Banks Over Account Closures of January 6 Defendants and Trump Allies
Prosecutors are reviewing whether major banks closed accounts of Trump supporters and January 6 defendants for political reasons. The probe is tied to administration efforts to compensate people the president says were harmed by prior government actions.
manilatimes.netbusiness25 days agoSourced
United Community Banks agrees to sell equipment finance unit to Wafra funds for $1.9 billion
United Community Banks, Inc. signed a definitive agreement to sell its Navitas equipment finance business to funds managed by Wafra Inc. The $1.9 billion cash deal is expected to close in the third quarter of 2026.
The Independentfinance26 days ago
U.S. Attorney Subpoenas Banks Over Account Closures
The U.S. Attorney for the District of Columbia issued subpoenas to several major banks seeking records on account closures. The requests focus on whether political considerations played a role in any decisions.
nationalpost.comworld26 days agoUpdated
Justice Department Investigating Whether Banks Discriminated Against Customers Based on Politics
The U.S. Justice Department has issued subpoenas to several of the largest U.S. banks seeking records on account closures that may have involved political considerations.
CoinDeskfinance27 days ago
Stand With Crypto UK Launches Campaign Urging 286,000 Members to Complain About Bank Restrictions on Crypto Transfers
The Coinbase-backed group launched a nationwide campaign on June 10, 2026, citing FCA data that banks block or delay 40% of domestic crypto transfers. Members are being asked to formally challenge restrictions at high-street banks.
finance.yahoo.comworld27 days ago
UAE Banks Raise One-Year Deposit Rates to 5.5 Percent
Major lenders including Mashreq and First Abu Dhabi Bank increased rates on one-year deposits and added cash bonuses to attract customers amid competition from digital banks.
CoinDeskbusiness27 days ago
Japan's Three Megabanks Announce Plan for Joint Yen Stablecoin by March 2027
MUFG, SMBC and Mizuho will form a council to prepare frameworks for yen-pegged stablecoins. The move follows regulatory signals from Japan's FSA and the ruling LDP.