financial-services
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Wealth management firm partners with crypto platform to offer asset lending
A wealth management firm announced a partnership allowing eligible clients to lend crypto assets and receive exchange-traded product shares. The arrangement reduces onboarding time and lowers the minimum transaction size.
marketwatch.comU.K. Regulators Bar Financier from Company Boards
U.K. regulators banned a financier from serving on company boards after his lending firm collapsed in 2021. The decision follows the firm's insolvency proceedings.
prnewswire.comJack Henry Names New CFO as Current Finance Chief Steps Down
Jack Henry & Associates disclosed the appointment of a new chief financial officer and the departure of its current CFO in an 8-K filing. The transition triggers standard executive-compensation disclosures and requires the company to update its officer listings with the SEC withi…
247wallst.comHouse Financial Services Republicans Urge Senate to Advance Housing Bill
Republican members of the House Financial Services Committee called on the Senate to move forward with housing legislation. The request follows committee work on the measure in recent weeks.
agriculture.einnews.comBank Leumi Ranked Second in Middle East for Innovation
Bank Leumi placed second among Middle East banks for innovation and first in Israel for AI implementation according to the Evident AI Index for Banks, MEA. The ranking covers regional financial institutions.
financialexpress.comCoinbase to Add Direct INR Deposits and Withdrawals via IMPS Starting June 1
Coinbase will enable Indian users to move rupees directly between bank accounts and the exchange using the Immediate Payment Service. The change removes the need for peer-to-peer transfers or third-party intermediaries.
marketwatch.comGoldman Sachs Addresses Reports on CEO David Solomon DJ Activity
Goldman Sachs stated it does not support speculation that chief executive David Solomon plans to resume performing as a DJ. The firm issued the comment after media coverage questioned whether Solomon would return to the activity.
etftrends.comLombard Odier Expands Bloomberg Collaboration for Group-Wide Risk System
Lombard Odier will extend Bloomberg investment risk tools from Asset Management to Wealth Management and Private Banking. The Geneva-based firm manages CHF 349 billion in assets under management.
insidermonkey.comTiptree Completes Acquisition After Terminating Prior Material Agreement
Tiptree Inc. closed an acquisition disclosed in an 8-K filing on May 29, 2026 that includes entry into a new material definitive agreement and termination of a previous one. The transaction alters the company's asset holdings and contractual obligations, triggering updated financ…
Substrate placeholder — needs reviewUP Fintech Faces Investigation Over Alleged Securities Violations
Block & Leviton announced an investigation into UP Fintech Holding Ltd. on May 28, 2026. The inquiry follows a May 22 stock decline after Chinese regulators cited unauthorized cross-border activity by the company's subsidiaries.
info.gov.hkHong Kong Plans Licensing Rules for Crypto Advisory and Asset Management Firms
Hong Kong's securities regulator is preparing legislation to bring crypto advisory and asset management services under the same licensing standards applied to traditional finance. A bill is scheduled for introduction to lawmakers in 2026.
soompi.comBeijing Announces Crackdown on Unauthorized Cross-Border Trading by Online Brokerages
Chinese regulators moved against online brokerages offering unauthorized cross-border trading. The action triggered a sharp drop in shares of one listed firm and reduced the wealth of its founder.
Jain Global to Return External Capital and Manage Exclusively for Millennium Starting in Third Quarter
Jain Global will return money to outside investors and manage capital solely for Millennium under an exclusivity deal scheduled to close in the third quarter. The firm's fundamental equities unit faces an uncertain future while other divisions continue normal operations.
ambcrypto.comCrypto Firms Shift Focus to Infrastructure and Tokenization
Several cryptocurrency companies are expanding beyond Bitcoin trading into stablecoin infrastructure, tokenization, and blockchain services. CNBC reporter Tanaya Macheel described the change in a documentary segment. The companies named include Coinbase, Robinhood, Circle, Bullis…
manilatimes.netApex Auto Solutions Inc Launches App Connecting Customers to Insurance and Financing Providers
Apex Auto Solutions Inc announced a new app on May 25, 2026, that links users to insurance and financing options from selected providers. The platform allows comparison of auto, personal, and business products in one interface.
rte.ieGovernment assessment projects £1.6 billion boost to City of London from financial reforms
A government assessment estimates that planned financial reforms will deliver a £1.6 billion economic boost to the City of London. The projection comes as officials continue to position the district as a contributor to national growth.
forbes.comReport Forecasts Bitcoin-Backed Lending Market Could Reach $1 Trillion
A crypto lender projects the consumer bitcoin-backed loan market could expand from roughly $3 billion to as much as $1 trillion within ten years. A survey of 1,244 cryptocurrency holders found strong interest but low current usage.
JPMorgan Executive Says AI Will Upskill Workers Instead of Replacing Them
Stephen Parker, co-head of global investment strategy at JPMorgan Private Bank, said companies are using AI to improve employee skills. He cited labor-market data showing software job listings outpacing the broader market.
indianexpress.comMitlin Financial, Inc Reaches 50 Google Reviews
Mitlin Financial, Inc, a registered investment advisory firm in Hauppauge, New York, announced it has received its 50th Google review. The firm said the milestone reflects client feedback shared publicly about their experience.
Fox NewsCongressional Report Says U.S. Banks Underwrote Offerings for Chinese Battery Firm CATL
A House committee report states that JPMorgan Chase and Bank of America helped CATL raise capital through stock offerings after the Pentagon placed the company on its list of Chinese military-linked firms. The report says the banks conducted due diligence but accepted CATL's stat…
CoinDeskBlockchain.com Submits Draft Filing for Proposed U.S. IPO
Blockchain.com confidentially submitted a draft registration statement to the U.S. Securities and Exchange Commission for a potential initial public offering. The filing does not yet specify the number of shares or price range. The company offers cryptocurrency exchange, wallet,…
ForbesFinancial Firms Explore Hybrid AI and Rule-Based Systems for Master Data Management
Financial institutions are testing autonomous data stewardship models that combine AI agents with deterministic rules. The approach aims to detect data quality issues earlier and reduce manual corrections.
techcentral.co.zaSouth African Group Expands UK Banking Unit to Target Wealthy Clients
A South African financial group is expanding its UK banking operations to serve high-net-worth individuals. The move is expected to increase competition among banks and fintech companies focused on affluent customers.
coindesk.comIG Plans to Expand Crypto Trading Across Europe
IG will use Bitpanda infrastructure to offer cryptocurrency trading to European clients. The London-listed company introduced spot crypto trading in the United Kingdom last year.
bloombergquint.comSpaceX Outlines Plans for Orbital AI Compute and Banking Services
SpaceX detailed long-term plans that include deploying modular orbital AI compute shells by the end of the decade. The company also intends to offer payment and banking services and expand collaboration with Tesla and Intel.
Executive Order Directs Review of Banking Risks Linked to Immigration Status
An executive order directs the Treasury Department to issue guidance to banks on credit risks tied to individuals without legal immigration status. The order also calls for proposed changes to the Bank Secrecy Act to help banks obtain immigration and employment data.
CoinDeskExecutive Order Directs Review of Crypto Firms' Access to Payment Services
An executive order directs federal regulators to examine rules that may limit partnerships between fintech firms and depository institutions. The order also asks the Federal Reserve to assess access to payment accounts for uninsured depository institutions and non-bank financial…
insidermonkey.comInformation Services Corporation to Be Acquired by Plenary Americas for $51 per Share
Information Services Corporation announced an agreement to be acquired by a subsidiary of Plenary Americas in an all-cash deal valued at approximately $1.2 billion. Shareholders will receive $51.00 per share, a 55 percent premium to the unaffected closing price before the strateg…
citizen.co.zaKalshi Announces $2 Million Donation to National Council on Problem Gambling
Kalshi will provide $2 million over two years to the National Council on Problem Gambling. The funds support a new initiative on trader health and safety. The announcement comes as prediction markets expand and face regulatory questions from state officials.
CoinDeskGalaxy Digital Receives New York BitLicense for Institutional Crypto Services
Galaxy Digital obtained a BitLicense and money transmitter license from New York regulators on May 18, 2026. The approval allows the firm to offer regulated digital asset trading and custody to institutions in the state.
nextbigwhat.comCiti and BlackRock Form EUR15 Billion Partnership for Private European Lending
Citi and BlackRock have agreed to a EUR15 billion partnership focused on private lending in Europe. The arrangement will channel capital into corporate and infrastructure financing across the region.
americanbanker.comSenate Banking Committee Advances Clarity Act on Digital Assets
The Senate Banking Committee passed a markup of the Clarity Act on May 17. The measure addresses regulatory definitions for digital assets. Committee action follows ongoing debate over cryptocurrency oversight.
cryptoninjas.netInvesting.com Promotes AI Stock Selection Service
Investing.com is advertising its InvestingPro platform, which uses AI to generate stock recommendations and analyze market data. The service includes tools for screening stocks and tracking billionaire portfolios.
Interactive Brokers to Offer Election, Climate and Economic Event Contracts via Partnership With Kalshi, CME Group and ForecastEx
Interactive Brokers is launching a prediction-markets platform that lets users trade yes-or-no contracts on elections, climate and the economy. Founder Thomas Peterffy said institutional interest is rising, particularly for hedging commodities and climate-related risks. Kalshi re…
valuewalk.comFidelity Announces Support for CLARITY Act on Digital Asset Regulation
The $7 trillion asset manager announced its support for the crypto legislation, describing it as a balanced approach that would ensure the U.S. remains a global leader in digital assets. Fidelity stated the CLARITY Act would bring statutory clarity to digital asset markets.
therealdeal.comWall Street Firms Test Grok Chatbot for xAI
Multiple Wall Street firms with business ties to Elon Musk have been recruited to test the Grok chatbot developed by his artificial intelligence company. The testing forms part of an effort to increase revenue in advance of an initial public offering for SpaceX. The company repor…
pymnts.comBermuda Begins Moving National Payments and Financial Services Onchain
Bermuda has started shifting its national payment and financial services onto a blockchain network. The move marks the first operational step toward the country's goal of becoming the world's first fully onchain national economy. The development was reported by CoinDesk on May 12…
ftfnews.comDTCC Integrates Chainlink Into Blockchain Collateral AppChain
The Depository Trust and Clearing Corporation has integrated Chainlink technology into its blockchain-based Collateral AppChain. The move aims to automate 24/7 collateral management processes including pricing, valuation and settlement. The integration spans global financial mark…
wealthmanagement.comApollo Global Management in Talks to Sell $3 Billion Private Credit Fund
Apollo Global Management is holding discussions to sell its MidCap Financial investment, a roughly $3 billion private credit fund. The talks were reported on Monday. No details have been disclosed on potential buyers or the status of negotiations.
theweek.comNS&I Blocked 132,126 Malicious Emails Over Three Years
National Savings and Investments blocked 132,126 malicious emails over three years while phishing incidents rose from 1,043 to 4,414 in the past 12 months. The data, obtained via Freedom of Information request, follows a technical outage that left 37,000 customers unable to acces…
pandaily.comVanguard Group Explores Expanding Beyond Index Funds
The investing giant synonymous with cheap funds that track indexes is looking to change that approach, according to an exclusive report. Vanguard Group has long been defined by its low-fee passive investment products. The shift marks a potential evolution for one of the world's l…
cnbc.comApollo Plans Second Headquarters in Florida or Texas
Private equity firm Apollo is preparing to establish a second headquarters in either Florida or Texas, with a formal announcement expected within weeks. The move follows an internal memo signaling growth outside New York and comes as Citadel CEO Ken Griffin announced plans to exp…
RapplerCoinbase Reports First-Quarter Loss
Coinbase posted a surprise loss of $1.49 per share on revenue of $1.41 billion for the quarter ended March 31, missing Wall Street estimates. Crypto price declines reduced trading volumes while the company continued shifting toward subscription revenue from stablecoins and other…
techcentral.co.zaWall Street Adds Crypto Jobs While Coinbase and Gemini Cut Staff
Wall Street firms are hiring for dozens of Bitcoin and crypto jobs while layoffs sweep through crypto and fintech companies. Executives cite AI as a driver of efficiency gains, though analysts question how much of the cuts stem from cooled trading and lower digital asset prices.…
secretldn.comSPX Capital to Close London Office as Senior Partners Depart
Brazilian hedge fund SPX Capital is undergoing a major restructuring that includes the departure of senior partners and a rethink of its operations. The firm will shut its London office as part of the changes. @business reported the developments, citing sources.
fortune.comAmerican Express CEO Stephen Squeri to Step Down After 40 Years at Company
Stephen Squeri, who has served as CEO of American Express for the past eight years, will step down. He spent his entire career of more than 40 years at the company. The announcement marks the end of a long tenure for the executive who rose through the ranks internally.
news.sky.comSouth Korea to Launch 600 Billion Won Fund for AI and High-Tech Loans
The government will start offering a fund of up to 600 billion won, or about $412 million, from May 22 to help banks and brokerages increase lending to companies in artificial intelligence and other high-tech sectors. The fund will initially place more risk on the government for…
CnbcGrab CFO Says Fuel Prices Unaffected Demand Amid Q1 Revenue Growth
Grab's chief financial officer stated that rising fuel prices linked to the Iran conflict have not impacted demand. The company reported a 24% increase in first-quarter results. Grab plans to launch new banking products and aims to break even in its financial services by year-end…
finance.yahoo.comCitigroup Recruits JPMorgan's Viswas Raghavan as Banking Head with $52 Million Package
Citigroup recruited Viswas Raghavan as head of banking in February 2024, offering him a $52 million compensation package days after JPMorgan Chase informed him of no long-term future at the firm. Raghavan faced years of complaints at JPMorgan alleging abusive behavior, including…
montrealgazette.comMitsubishi UFJ Financial Group Plans Real Estate Lending and Forex Expansion in India
Japan's largest bank, Mitsubishi UFJ Financial Group, will begin lending to real estate firms in India and expand its foreign exchange derivatives business there. The move follows its $4.4 billion stake purchase in Shriram Finance, bringing total investments in India to $7 billio…
Substrate placeholder — needs reviewLloyds Banking Group Reports Additional 80,508 Customers Affected by March IT Glitch
Lloyds Banking Group has identified an additional 80,508 customers whose transaction details may have been exposed in a March IT glitch, increasing the total to over 500,000. The bank has paid £201,000 in compensation to 5,250 individuals and £62,000 in goodwill payments to 1,625…
under30ceo.comWestern Union to Release Q1 Earnings Friday with Analysts Forecasting 39 Cents Per Share
The Western Union Company is scheduled to report its first-quarter earnings before the market opens on April 24, 2026. Analysts anticipate earnings of 39 cents per share and revenue of $962.88 million, down from the previous year. Recent developments include a new board appointme…
Substrate placeholder — needs reviewFirst American Sets Targets for Branch AI Rollout and Commercial Growth in 2026
First American announced plans to have 80%-85% of its local branches using Endpoint by the end of 2027. The company highlighted Q1 2026 earnings with increases in EPS and commercial activity. It also discussed AI implementation, deposits, investment income, and associated risks.
Photo: Jason Dent / UnsplashCalix, RBB Bancorp Release Q1 2026 Earnings; Real Estate Exam Results Announced
Calix reported record Q1 2026 revenue of $280 million amid platform migrations and share buybacks. RBB Bancorp held its earnings call with key executives participating. Philippine regulators released results from the April 2026 Real Estate Brokers Licensure Examination, where 1,8…
Substrate placeholder — needs reviewU.S. Lawmaker Describes AI as Double-Edged Sword in Financial Services
A U.S. lawmaker stated that artificial intelligence offers both opportunities and risks in financial services. The statement highlighted potential benefits for access and opportunity alongside concerns about its use in sophisticated scams. This was reported during an event covere…
themortgagereports.comBNY Offers $6,500 Down Payment Assistance to U.S. Employees Earning $100,000 or Less
BNY, a Wall Street bank with $87 billion in assets under management, has introduced a $6,500 benefit for U.S. staff earning $100,000 or less to assist with first-time home purchases. The program includes homeowner education and mortgage perks for all American employees. This init…